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Investment in Tribe Technology Group Limited – VELA TECHNOLOGIES PLC

The Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, announces that the Company has entered into an agreement to invest £250,000 in Belfast-based Tribe Technology Group Limited (“Tribe Tech“). The minority investment is being made as part of a c.£2.0 million pre-IPO funding round undertaken by Tribe …

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Autonomous RC rig start-up Tribe Tech raises another £2 million

 Tribe Technology Group Ltd, a market-leading developer and manufacturer of autonomous drill rig and sampling technology, recently announced that the company has completed a successful £2 million (US$2.5 million) fundraise with a number of prominent technology investment firms.  The statement said the private company’s advanced technology and intellectual property, coupled with a diverse product portfolio …

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