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]
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.[7] 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.[12][13][14] As of May 2023, it was planning on starting a fund in India.[15]
The company has been critiqued on matters such as investments in the cryptocurrency market, markdowns on several of its portfolio companies,[7] and its response to the 2023
collapse of Silicon Valley Bank.[16][17][18]
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.[19]