American venture capitalist Tim Draper invests $3.5m in SG hostel chain Tribe Theory

Team Photo of Tribe Theory. Source: Tribe Theory

American venture capitalist Tim Draper has invested $3.5 million in Tribe Theory, an international entrepreneur-focused hostel chain in Singapore, according to a statement on Tuesday.

As part of the strategic investment, the existing hostels of Tribe Theory will be rebranded as Draper Startup House and form the international division of the business.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter