We investigated the biologically active substances contained in RVA (regrowth velvet antler) by comparing the composition of biologically active substances and antioxidant potential of different antler segments. RVA was subjected to extraction using DW (distilled water). RVA was divided into 3 segments: T-RVA (top RVA), M-RVA (middle RVA), and B-RVA (base RVA). The T-RVA section possessed the greatest amounts of uronic acid (36.251 mg/g), sulfated GAGs (sulfated glycosaminoglycans) (555.76 mg/g), sialic acid (111.276 mg/g), uridine (0.957 mg/g), uracil (1.084 mg/g), and hypoxanthine (1.2631 mg/g). In addition, the T-RVA section possessed the strongest antioxidant capacity as determined by DPPH, H2O2(hydrogen peroxide), hydroxyl, and ABTS (2,2′-azinobis-3-ethylbenzthiazoline-6-sulphonate) radical scavenging activity as well as FRAP (ferric reducing antioxidant power) and ORAC (oxygen radical absorbance capacity). The values of those were 53.44, 23.09, 34.12, 60.31, and 35.81 TE/μM at 1 mg/mL and 113.57 TE/μM at 20 μg/mL. These results indicate that the T-RVA section possesses the greatest amount of biologically active substances and highest antioxidant potential. This is the first report on the biologically active substances and antioxidant potential of RVA.