The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem.
In a press release shared with Cointelegraph on Dec. 2, 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.
The first group of startups reportedly raised over $12.2 million within three months.
"Another successful round of fundraising underscores the relevance of blockchain technology in solving real-world problems. Every idea or solution shared during the Demo day has the potential to revolutionise the way the linked industry works in the present. We will continue to harbour companies with transformative innovations, that can change the face of the blockchain industry and benefit the end-user - making the technology more mainstream."
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 Tri5 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.
Tezos partners with Tribe to launch training program.
On Nov. 21, Tezos's non-profit arm Tezos Southeast Asia announced its collaboration with Tribe to jointly launch a training program for developers on the Tezos blockchain.
"By enabling trainers with a good knowledge of Tezos blockchain technology, they will be able to amplify the impact in their respective teams through the continual transfer and sharing of knowledge to new learners."
Singaporean Gov't Blockchain Platform Facilitates $15.7 Million in Fundraising
Published on Dec 3, 2019
by Cointele | Published on Coinage
Mentioned in this article
TikTok hype triggers 100% Dogecoin rally-and Tron's Justin Sun wants in
Dogecoin has been on a hell of a rally over the past few days.
How the Ethereum DeFi market just blasted past $2 billion to a record high
According to DeFiPulse.com, the total value locked in the DeFi market now exceeds $2.13 billion.
Centre Freezes Ethereum Address Holding $100K USDC
Centre, the company that issues the stablecoin USD Coin has blacklisted an Ethereum address holding $100,000 in USDC in response to a law enforcement request.
Nearly 6% of Kyber's Token Supply Staked in One Day
Over $16 million worth of KNC have been staked within 24 hours of Kyber launching the service.