Share this article
Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Tribe Capital to Launch $75M Crypto Fund
The firm has invested 20% of its assets in crypto projects.
Tribe Capital, a venture capital firm with investments in crypto exchanges FTX and Kraken and other companies in the crypto sector, is launching a $75 million crypto fund, sources familiar with the initiative told CoinDesk.
- The fund initially sought to raise $50 million, but strong interest from investors prompted Tribe Capital to raise the total, according to the sources.
- San Francisco-based Tribe Capital’s fund will focus strictly on the crypto sector, taking long positions in early-stage projects, SAFTs (simple agreements for future tokens, a type of investment agreement that developers use to work with investors), yield farming, treasury buys and mining.
- The fund will make 75% of its investments in U.S. projects and 25% internationally.
- Tribe Capital has invested about 20% of its assets in cryptocurrency projects, according to the sources. Its portfolio includes an investment in Digital Currency Group, CoinDesk’s parent company, and last month, the firm participated in a $10 million Series A funding round for Floating Point Group, which offers custody and algorithmic trading services to institutional investors.
- Arjun Sethi, Tribe Capital’s co-founder, and Jared Madfes, a partner at the firm, will manage the crypto fund.
Read more: Republic Launches $60M Crypto Seed Fund
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
James Rubin
James Rubin was CoinDesk's Co-Managing Editor, Markets team based on the West Coast. He has written and edited for the Milken Institute, TheStreet.com and the Economist Intelligence Unit, among other organizations. He is also the co-author of the Urban Cyclist's Survival Guide. He owns a small amount of bitcoin.
More For You
Multisig Failures Dominate as $2B Is Lost in Web3 Hacks in the First Half
A wave of multisig-related hacks and operational misconfiguration led to catastrophic losses in the first half of 2025.
What to know:
- Over $2 billion was lost to Web3 hacks in the first half of the year, with the first quarter alone surpassing 2024’s total.
- Multisig wallet mismanagement and UI tampering caused the majority of major exploits.
- Hacken urges real-time monitoring and automated controls to prevent operational failures.
