Tribe Technology Pty Ltd has entered into a subscription agreement for gross proceeds of £2,000,000 in an equity round of funding on May 23, 2023. The transaction will include participation from new investor, Vela Technologies PLC for £250,000. The company is raising a pre-IPO funding round. The subscription to an advance subscription agreement ("ASA") under which shares will be issued upon certain qualifying events, include any issue of ordinary shares for cash by the company after 1 March 2023 which raises £4,000,000 million or more when shares in the company will be issued to the investor under the ASA at 80% of the lowest subscription price paid in such funding round.

On the same date, Tribe Technology Pty Ltd closed the transaction. The company raised £250,000 from Vela Technologies PLC.