Tribe Capital
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 2018 |
| Headquarters | San Francisco , United States |
Area served | United States, Global |
Key people | Arjun Sethi (Chairman and Chief Investment Officer), Boris Revsin (Chief Executive Officer) |
| Products | Venture funding, growth equity, debt instruments |
Tribe Capital is a United States-based venture capital firm launched in 2018 as an offshoot of Social Capital. The firm deploys capital across a spectrum of early-stage to mature enterprises through venture funding, growth equity, and debt instruments, concentrating primarily on the software and cryptocurrency industries both domestically and globally.
History
In 2018, Tribe Capital initiated its investment journey with the cryptocurrency company Sfox. The firm took a special-purpose acquisition company public on the Nasdaq in 2021, successfully raising $240 million. By mid-2021, Tribe Capital's assets under management had grown to $1.5 billion. Despite the downturn in the cryptocurrency market during 2022, the firm maintained a positive outlook on crypto ventures. Documents leaked in October 2022 disclosed that Tribe’s inaugural fund generated an approximate fivefold return.
In April 2023, Tribe Capital explored a $250 million proposal aimed at rescuing FTX and announced intentions to introduce a $250 million fund focused on India by May 2023.
The company has encountered scrutiny regarding its cryptocurrency portfolio investments, valuation write-downs on holdings, and its response to the 2023 collapse of Silicon Valley Bank.
On December 11, 2023, co-founder Arjun Sethi assumed the roles of chairman and chief investment officer, while Boris Revsin took over as chief executive officer.