Antler, the global venture capital firm that loves betting on startups before they even become startups, has officially launched its first cohort in Nigeria’s biggest city. Out of 7,850 hopefuls, only 24 founders made the cut.
For those wondering, “What in the world is Antler?” they’re the rare kind of investor who throws money at people with nothing but an idea. No product. No customers. Just a dream and, apparently, good storytelling skills. In a world where most investors want numbers and proof, Antler says, “Nah, we’ll roll the dice early.”
They’ve done this in places like Nairobi and Singapore, and now Lagos gets its turn. Why Lagos? Well, it’s Nigeria’s buzzing tech hub, home to startup legends like Paystack and Moove. Plus, Lagosians are famous for turning small ideas into global businesses (and for surviving insane traffic, but that’s another story).
Antler’s offer sounds sweet. They bring smart people together for eight weeks, help them find co-founders (like a business dating service), and then maybe, just maybe, give them $100,000 for a 10% stake in the new company. And if you’re extra lucky? They’ll throw in another $100K later on, when your next investor comes knocking.
But wait, there’s more.
Already have a team and a tiny product no one’s heard of yet? Antler’s happy to invest $100K to $400K in you too. As long as you pass their (probably scary) Investment Committee.
And what do you get besides cash? A big fat network. Mentors. Masterclasses. Fancy investor intros. Warm moral support when your pitch crashes and burns. And apparently, really fun co-founders. Past Antler founders say it’s like joining a secret club where everyone’s trying to change the world, or at least get to Series A funding.
Of course, not everyone will make it. Antler likes people who can handle Nigeria’s brutal market, tough, hungry founders who don’t cry when things get hard. And if your idea flops? Don’t worry. Antler will help you pivot and start again. Like a sad but supportive gym coach.
Antler claims they’re different from other VCs because they invest at “day zero”, before the shiny slide decks, before the MVP, before you even figure out your business name. Bold? Yes. Risky? You bet. But if it works, you might build the next big thing in Africa.
So, if you’ve got a killer idea (or no idea but a lot of energy) and don’t mind sharing 10% of your future empire for some early cash and advice, Antler’s doors are open.
Let’s hope this batch of 24 founders turns ideas into companies, not just nice pitch decks.
Lagos, your startup moment has arrived. Try not to break it.
