Tribe Capital

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]

Its portfolio companies include Carta, Kraken,[7] Relativity Space,[8] and Instabase, among others.[1]

It made its first investment in the cryptocurrency startup SFOX in 2018.[9] 

It closed its fourth fund[2] in late 2019 and in 2020[6] raised $335 million for its second fund.[7]

Between December 2020 and May 2021, Tribe spent a total of $120 million on primary and secondary equity investments.[10]

In 2021[1] Tribe had a special-purpose acquisition company[11] 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.[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]