Silicon Valley Firm Joins Gulf Investors to Fund Tech Deals - Bloomberg
A Silicon Valley venture-capital firm is targeting cash-flush Middle Eastern investors to fund technology companies, all while scouting the Gulf for buying opportunities.
Tribe Capital Management LLC partnered with Dubai-based boutique financial and investment adviser Arrow Capital in a first-of-its-kind cooperation deal for the Gulf, according to Arjun Sethi, Tribe’s co-founder.
“We need a touch point everywhere,” he said in an interview. The need to adapt to the “future at a faster pace” has seen premiums for tech companies soar, while also spurring Silicon Valley companies to broaden funding sources as they expand and invest globally.
The San Francisco-based firm has invested about $450 million in companies like software developer Carta Inc. and self-driving simulator Applied Intuition Inc. since its formation about 2-1/2 years ago.
No comments:
Post a Comment