Antler's new ONE residency in Continental Europe will commit up to €500,000 to founders at inception, including solo founders who have no idea yet, according to the firm's program page. The check is large for a stage at which many investors are perceived to prefer a team or a product, and Antler says it backs people "before they've found their co-founder or developed their idea."
How the money is structured
The terms are laid out on Antler's Continental Europe page. "When we decide to invest, we commit €500K at inception," it says. "Those typically convert into around 10% equity at €5m valuation."
Only part of that is cash up front. Antler wires €200K immediately. Half of that converts into 8.5% ownership before the next round, and the other €100K is an uncapped MFN note, a convertible instrument that lets the holder adopt better terms offered to later investors. A further €300K, which Antler calls the "Antler Round Commitment," is not wired at the outset; it is pre-committed to help the founder close a pre-seed round.
The package also includes more than €650K in immediate tooling credits and more than €4M in total perks after funding, covering cloud, AI and infrastructure. Antler says it can provide up to €30M in follow-on capital through Series C. Its US page states there is no fee to join the residency.
Six to ten weeks, then a decision
The residency is based in Berlin, with Amsterdam as a launch pad, and runs two intakes a year, in March and September. Antler's own page gives no September 2026 start date. The third-party listing Starthubs shows a Continental Europe cohort beginning September 14, 2026, across Amsterdam, Berlin and Munich.
Complete teams follow a track of about six weeks. Founders who use co-founder matching spend about ten. Antler decides on its investment at the end, "after working closely with founders for 6–10 weeks," the program page says.
What it is looking for, the firm says, is "outlier" behavior, trajectory and a fit between founder and idea. It is sector-agnostic but wants a credible path to €1B outcomes.
A narrow door
About 2% of applicants are invited to join, according to the program page, which says each cohort has roughly 100 founders chosen from about 10,000 applicants. Those figures are Antler's own.
