Arrow Capital-backed tech SPAC Tribe Capital Growth raises $240m in US IPO Photo: REUTERS/Beawiharta March 8, 2021 Tribe Capital Growth I, a tech-focused blank check company formed by Silicon Valley-based early-stage venture capital firm Tribe Capital Management and Singapore-led investment advisory firm Arrow Capital, has raised $240 million in its initial public offering (IPO) on the Nasdaq. The special purpose acquisition company (SPAC) offered 24 million units at $10 each, with every unit composed of one share of common stock and one-fourth of a warrant, exercisable at $11.50. The units are trading under the ticker ATVCU. In a statement, the SPAC said it will seek a target in the technology sector, pursuing M&A opportunities with top private technology companies showing inflection in their growth trajectory.