Early stage venture capital firm Antler has appointed Sheila Patel to its board.
Previously, Patel was chairman of Goldman Sachs Asset Management and a member of the bank’s Firmwide Management Committee.
She brings three decades of experience in financial asset management, having held roles at Morgan Stanley as well. She is also currently the vice chairman of B Capital Group, the venture capital firm co-founded by Eduardo Saverin.
Patel said: “With innovative technology continuing to disrupt every area of life, what attracted me to Antler was its unique model – particularly its global approach to investment and focus on fostering diversity.
“Where entrepreneurs innovate, and when the value-capture happens, is changing fast, and Antler is in a very promising position with its unique size and scale of its operations across key entrepreneurial hubs globally. The asset management industry needs to rethink traditional models of backing innovation, and Antler is among the change-makers in the industry, so being able to support the team was an opportunity I could not turn down.
“There are exciting times ahead and I’m looking forward to helping provide world-class entrepreneurs access to all the necessary tools to help grow their businesses.”
Magnus Grimeland, Antler founder and CEO added: “Sheila brings to our team a wealth of experience from the asset management industry and from building strong leadership teams of high performers. It is no wonder why she is regularly featured for her insights and market observations by financial media across the globe. Furthermore, she is a role model for women around the world and is passionate about helping women succeed with pursuing their dreams. We look forward to working with Sheila to enable founders across the world realise their ambitions to build the defining companies of tomorrow.”
Founded in Singapore in 2017, Antler focuses on enabling and investing in the next generation of entrepreneurs by building complementary co-founder teams, supporting them with deep business model validation, and providing a global platform or scaling.
So far, Antler has invested in over 350 companies globally across 30 different industries. Of these companies, 40% have at least one female co-founder, and the founders represent 70 nationalities.