| Company type | Limited liability company |
|---|---|
| Industry | Venture capital |
| Founded | 2018 |
| Founder | Arjun Sethi (entrepreneur) Jonathan Hsu Ted Maidenberg |
| Headquarters | Menlo Park, California, United States |
| Website | www |
Tribe Capital is an American venture capital firm. [1] [2] [3] [4] Founded in 2018 as a spinoff of Social Capital, [1] company "deploys capital in early stage to late-stage start-ups as well as mature companies via venture, growth equity and loan vehicles," [5] backing startups in software and cryptocurrency both in the United States and internationally. [6]
It made its first investment in the cryptocurrency startup Sfox in 2018. [7]
In 2021 [1] Tribe had a special-purpose acquisition company [8] go public on the Nasdaq with funds of $240 million. [5]
In July 2021, Institutional Investor reported that Tribe Capital's assets under management were $1.5 billion. [1] After the 2022 crash in the cryptocurrency market, Bloomberg reported that Tribe Capital remained "bullish" on cryptocurrency companies. [9] In October 2022, leaked documents showed Tribe Capital's first fund had seen a "nearly fivefold return on investment." [6] In April 2023, Tribe was said to be considering a $250 million bid to restart FTX. [10] [11] [12] As of May 2023, it was planning on starting a fund in India. [13]
The company has been critiqued on matters such as investments in the cryptocurrency market, markdowns on several of its portfolio companies, [9] and its response to the 2023 collapse of Silicon Valley Bank. [14] [15] [16]
On December 11, 2023, it was reported that co-founder Arjun Sethi had become Tribe's chairman and chief investment officer, and that Boris Revsin had succeeded him as CEO. [17]