Tribe Capital to Launch $75M Crypto Fund

Tribe Capital to Launch M Crypto Fund
Tribe Capital, a venture capital firm with investments in Kraken and FTX among others 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 raised 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…