Singaporean Gov’t Blockchain Platform Facilitates $15.7 Million in Fundraising

The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem.

Tribe Accelerator revealed that a total of $28 million had been raised to date to support start-ups from around the world attempting to solve real-world problems with blockchain technology. 

Tribe, which helps blockchain startups in their growth stage by connecting them with major corporations, was launched in December 2018 and is the brainchild of Trive Ventures, a venture capital firm aiming to support later-stage startups.

Since its launch, Tribe Accelerator has received support from government and corporate partners including big four accounting giant PwC, South Korean blockchain network Icon Foundation, BMW Group Asia and Intel, among others.

More recently, IBM, Citibank and video game giant Ubisoft joined as corporate partners for the second edition of Tribe’s four-month program. 

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