According to reports, Tribe Capital, one of FTX’s investors, has announced the launch of a US$250 million India-specific fund. It is reported that the fund operates separately from Trible Capital’s global fund and will focus on increasing investment in artificial intelligence, software and financial technology. investment in the field.
So far, Tribe Capital has supported a large number of cryptocurrency platforms and Web3 startups, including the now bankrupt FTX, cryptocurrency exchange Kraken, Binance US, Sui ecological self-custody wallet Ethos, Web3 infrastructure company BlockJoy, Layer1 public chain Berachain etc. Last year, its incubator project Tribe Crypto Labs successfully raised $25 million.
Tribe Capital, one of FTX’s investors, sets up a $250 million India-specific fund
