INSUBCONTINENT EXCLUSIVE:
TechCrunch has learned.According to sources, Purdue is joining Antler, the company builder and early-stage venture capital firm that
operates in Amsterdam, London, New York, Stockholm, Sydney, Nairobi and Singapore
Magnus Grimeland (co-founder of Zalora, which sold to Global Fashion Group), and initially launched in Singapore, Antler runs a
company-builder program in multiple locations, not entirely dissimilar to London-headquartered Entrepreneur First, which pioneered the
pre-team, pre-idea model of talent investing.Like EF, Antler invites applicants to apply to its various programs with the aim of helping
them find a co-founder and settle on a new startup idea
In addition, later-stage capital is also available for successful companies, with Antler operating local funds in each geography.Meanwhile,
RBS was an investor in Loot and the incumbent bank was thought to be close to acquiring the startup before ultimately pulling out of the
This led to Loot scrambling for additional funding, which it was unable to obtain in time before running out of cash entirely after existing
demonstrate that they have the grit and determination that it takes to build a business
wait to get started at Antler
