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- Tribe Capital Growth Corp I, a special purpose acquisition company (SPAC) with a focus on technology, has successfully raised $240 million in its initial public offering on The Nasdaq Capital Market.
- The SPAC was co-sponsored by Arrow Capital Group, a leading wealth management and investment advisory firm and Tribe Capital, a leading US venture capital firm.
- One of the first deals of its kind for a Middle East and South East Asia-based SPAC sponsor, investment demand for the SPAC was significant.
- Tribe Capital Growth Corp I will target the tech sector, potentially opening access to diversified investment opportunities for Gulf investors.
UAE s Arrow Capital Co-sponsors $240 million Nasdaq tech SPAC in partnership with Silicon Valley-Based VC Tribe Capital prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.