Investment firm Antler targets Lisbon and Madrid

Norwegian VC firm Antler has come over all Iberian, opening offices in Lisbon and Madrid.

Spearheading the expansion are Sérgio Massano, partner and director of expansion, and Ricardo Batista, director.

Media reports suggest that the firm is looking to make 30 investments in Iberia by next year.

Massano said: “Antler’s model is distinctive because we are a very hands-on venture capital that is involved with the founders from the beginning and we want to apply that to the Iberian reality, taking advantage of the quality of talent and innovation that has grown exponentially in recent years in Portugal and Spain. We now want to help convert this knowledge into products and companies with a transformative impact on the economy and society.”

Antler looks to create, developt and grow startups, and backs in entrepreneurs from the earliest stages.

It was founded in 2017 by Norwegian Magnus Grimeland, the current CEO, and has investments in more than 500 companies.