Startups in Singapore blockchain accelerator Tribe raise S$21.5m
Summary
Among the portfolio companies in the second batch are supply chain solutions platform DiMuto; telemedicine startup WhiteCoat; Eximchain, which helps businesses transact and share information more efficiently and securely through blockchain technology; and Torus, a distributed private key management solution with a focus on cybersecurity. Other participating companies are consumer advertising startup Affle; AID:Tech, which has created a solution to deliver aid, social welfare and traceable donations on the blockchain; Aqilliz, a hybrid advertising and customer loyalty management platform; distributed open source database service Bluzelle; and Pilab, which builds software for the communication and management of data across different platforms. Ng Yi Ming, managing partner of Tribe, said: "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. This partnership with Tribe allows us to get closer to the action and support some very promising startups through investments and venture building efforts. This will give Tribe access to a new pool of innovators, investors and corporate partners, said the firm in a press statement.