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Singapore startup backer to set up Indonesia office in 2020

Antler aims to nurture at least 20 local ventures annually

Antler zeroed in on Jakarta because it sees significant untapped potential.   © Reuters

JAKARTA -- Singapore-based venture builder and early-stage venture capital firm Antler on Tuesday announced that it will set up an office in Indonesia in the first half next year, targeting to nurture at least 20 local startups annually.

"The program will be kicked off in the first half of 2020 in Indonesia, and we will start with 50 founders to test it [the first program] out," Antler co-founder and managing partner Jussi Salovaara told reporters on Tuesday.

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