Today, Singapore’s Tribe Accelerator announced it has secured SD$21.5 million ($15.7 million) in funding for nine participating companies with market-ready blockchain solutions. This was the second Tribe cohort to receive financing, bringing the total to SG$38.3 million ($28 million). It’s been just eight months since Tribe unveiled the first
cohort.
Additionally, Tribe also partnered with Dubai International Financial Centre (DIFC) FinTech Hive to expand its pool of innovators, investors and corporate partners.
Tribe Accelerator is the blockchain arm of TRIVE Ventures, a Singapore-based venture capital firm. The Accelerator is backed by Enterprise Singapore, a government agency aiming to support small and medium enterprises. Additionally,
corporate partners include BMW Group Asia, ConsenSys, IBM, Intel, Nielsen, PwC, R3, and Temasek amongst others.
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