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Antler commits $500k to fund up to 5 startups battling Covid-19
Singapore headquartered early-stage venture capital (VC) company Antler is inviting startups tackling the Covid-19 outbreak to apply for funding.
Antler, which has an African office in Nairobi, plans to invest in up to five teams and deploy up to $500 000 in all five.
Antler said in a statement last week that it is inviting startups to propose solutions in four areas, namely:
- Mitigation (masks, contact tracing, surveillance, data infrastructure),
- Medical Equipment (test kits, protective devices, ventilators)
- Remote Health (telehealth, remote patient monitoring, symptom checkers)
- Digital Tools (remote work, smart delivery, e-learning).
The purpose, of the funding and support, it said, is to contribute towards the path to recovery from the crisis.
Early-stage VC Antler is inviting startups tackling the Covid-19 outbreak to apply for funding.
Applications close on 15 April 15.
After a screening process, selected teams will be invited to a video pitch session. Following that, the finalists will pitch to Antler’s Investment Committee (IC) remotely.
The investment criteria will take into account the relevance towards mitigating Covid-19, as well as how the startup works in a post-Covid-19 era.
Companies receiving the investment will receive access to Antler’s global network of entrepreneurs, investors and industry experts, as well as coaching by Antler’s leadership.
Antler — which apart from Nairobi, also has offices in Singapore, London, New York, Amsterdam, Stockholm, Sydney and Oslo — will help startups get their solutions off the ground and make them accessible to those who need them as quickly as possible.
Read more: Antler announces names of four tech startups it invested in during Nairobi programme
Featured image: Antler Nairobi demo day in in February (Supplied)