Key Takeaways
- • Singapore-based Antares Ventures has raised more than $50 million at the second close of its inaugural closed-end fund, according to The Wall Street Journal.
- • The firm targets deep-tech startups that address physical bottlenecks in artificial intelligence, such as the hardware and infrastructure constraints limiting AI deployment.
- • Antares aims to eventually top off the fund at $100 million, implying roughly half of the target remains to be raised.
- • The closed-end structure deploys capital within a fixed time frame, a vehicle that is typical of early-stage venture strategies.
Summary
Singapore-based venture capital firm Antares Ventures has raised more than $50 million to invest in startups addressing physical bottlenecks in artificial intelligence, the Wall Street Journal reported. The firm said on Tuesday that it had secured commitments under the second close of its inaugural closed-end fund, a pooled investment vehicle that deploys capital within a fixed time frame.
Antares Ventures describes itself as a specialist deep-tech venture capital firm focused on scaling breakthrough industrial technologies into high-growth Asian markets. Its publisher profile indicates it invests globally in science- and engineering-led companies across areas such as energy, and that it targets early-stage (Series A and B) opportunities. The firm is led by Michael Gryseels, according to its profile.
The firm aims to eventually raise the fund to $100 million, according to the WSJ report. The current commitments therefore represent a partial close against that goal. The article did not disclose the number of limited partners or the identities of investors in the second close.
The Antares Ventures name is shared with unrelated companies, including Antares Capital, the lender that separately closed an $8.5 billion senior loan fund, and Antares Labs, a real estate AI startup. Those entities are not involved in this fundraise.
Antares Ventures describes itself as a specialist deep-tech venture capital firm focused on scaling breakthrough industrial technologies into high-growth Asian markets. Its publisher profile indicates it invests globally in science- and engineering-led companies across areas such as energy, and that it targets early-stage (Series A and B) opportunities. The firm is led by Michael Gryseels, according to its profile.
The firm aims to eventually raise the fund to $100 million, according to the WSJ report. The current commitments therefore represent a partial close against that goal. The article did not disclose the number of limited partners or the identities of investors in the second close.
The Antares Ventures name is shared with unrelated companies, including Antares Capital, the lender that separately closed an $8.5 billion senior loan fund, and Antares Labs, a real estate AI startup. Those entities are not involved in this fundraise.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.