December, 2021
Tribe Tech Group
Close of Series A Fundraise
Tribe Tech Group (“Tribe Tech” or “the Company”), a market-leading developer and manufacturer of autonomous drill rig and sampling technology, announces the closing of a Series A fundraise.
The Company has closed a substantial Series A funding round following the successful raise of an initial £1.4 million ($2.48m AUD) in the first equity round over December 2021, and a further £1.5m ($2.7m AUD) in an interim Private Equity round. With this support, the Company is in a strong position to take advantage of the growing demand for autonomous drill rigs and accelerating the development of new products.
Charlie King, Managing Director, commented: “We are delighted to announce the close of our recent and successful Series A equity funding round, which serves as a strong endorsement of Tribe Tech’s business strategy. This funding will serve to enhance our production capabilities and expedite current order delivery, as we advance our progress in improving safety and efficiency across the mining and sampling industries.”
ENDS
For further information, please visit www.tribetechgroup.com or contact:
| Tribe Technology Group | |
| Charlie King, Managing Director | via Tavistock |
| Tavistock (Financial PR) | |
| Rebecca Hislaire / Gareth Tredway | tribetech@tavistock.com |
NOTES TO EDITORS
ABOUT TRIBE TECH
Tribe Tech was founded in 2019 to create a safer, more efficient work environment in the mining industry. Backed by a combined 257 years of experience, the Company was originally established in Australia to service its multinational clients. Since then, Tribe Tech has increased its staff compliment to become the largest dedicated RC drill engineering team in the business, and has developed a reputation for automating the toughest tasks in the industry. In the process, Tribe Tech has grown globally with offices and world-class manufacturing facilities in Belfast, Northern Ireland as well as Australia.
