The Singapore government-backed blockchain startup accelerator Tribe has raised $15.7 million to develop companies.
According to a press release from Tribe, a total of $28 million has been raised so far to support startups from all over the world trying to solve real problems using blockchain. The first group of startups received more than $12.2 million in three months. Managing partner of Tribe And Ng Ming (Yi Ng Ming) noted:
“Another successful round of fundraising highlights the relevance of blockchain in solving real problems. Every idea presented at the demo day can radically change the work of some industries. We will continue to draw companies ‘ attention to innovations that can change the face of the blockchain industry and benefit the end user by making the technology more widespread.”
The blockchain company acceleration program was launched a year ago and is supported by Enterprise Singapore, a government Agency created to promote startup development. In March, BMW, Intel and Nielsen started working with the platform, and in September, IBM, Citi and Ubisoft supported the initiative. In addition, in November, it was announced that Tezos Southeast Asia and Tribe will launch a course on the Tezos blockchain.