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Belfast mining tech firm Tribe wins big in funding round

Big congratulations to new portfolio company, Tribe Tech Group, in securing their Series A funding round.

This round was led by a number of private investors, some of whom are members of HBAN (Halo Business Angel Network). This investment will support the company delivering on the multi-million pound contract that it has won as well as supporting its existing technology and research into new projects.

Well done to Charlie King, Eric Hampel, CPA, CMA, Michael Morrow and the rest of the team - keep up the good work!

The new funding from private investors from NI and Australia has also been match funded by investment from Co-Fund NI.

Michael Morrow, Tribe Technology Group, investor Enda Ivanoff, Stuart Gaffikin, Clarendon Fund Managers, investor Bertie Notley and Eric Hampel, Tribe Technology Group
Michael Morrow, Tribe Technology Group, investor Enda Ivanoff, Stuart Gaffikin, Clarendon Fund Managers, investor Bertie Notley and Eric Hampel, Tribe Technology Group

Co-Fund NI is part of Invest Northern Ireland’s Access to Finance suite of funds and a partner of the Regional Angel Programme, delivered by British Business Investments. The fund provides co-investment in deals typically valued between £150,000 and £2m. Co-Fund NI is managed by Clarendon Fund Managers.

Stuart Gaffikin, investment manager at Clarendon Fund managers, said: “We’re pleased to be able to support this investment in further product development through Co-Fund NI and look forward to seeing the company continue to grow in 2022 and beyond.”