TribalScale, a Toronto, Canada-based innovation firm that delivers product strategy, design, and development for mobile, web, and emerging technologies, has launched a $100m, 5-year program that partners with entrepreneurs to create startups.
TribalScale Venture Studios will connect entrepreneurs with Fortune 500 companies to create industry-specific startups based on innovative technologies.
Led by Sheetal Jaitly, CEO, Kirstine Stewart, President & Chief Revenue Officer, and Roger Chabra, Chief Innovation Officer, TribalScale is the largest investor in the $100m program, with significant participation to come from corporate, institutional, and value-add angel investors.
Venture Studios will launch with four industry vertical programs in Financial Services, Automotive, Media, and Travel & Hospitality, representing a broad selection of TribalScale’s client base. The studio is accepting applications from entrepreneurs with idea-stage or seed-stage startups. Successfully accepted AI, Voice, or Blockchain companies will be provided a target of $500k in cash and in-kind services, with additional follow-on capital available from TribalScale’s follow-on funding pool and network of co-investors.
Since 2016, TribalScale has partnered and worked with early-stage entrepreneurs on their ideas. Startups including Vouchr, AskTheDoctor, and WorkTango continue to leverage the TribalScale platform. In 2017, TribalScale expanded its focus to include the ideation and scaling of startups, including Decibal, an AI and Voice-based platform; and Every Financial, a company re-imagining banking services for small business.
In addition, a number of employment opportunities are available on the Venture Studios team, including Entrepreneurs-in-Residence (EIRs), Product Managers, Designers, and Developers.