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Vancouver, BC, January 6, 2022--(T-Net)--Tribe Property Technologies Inc. (TSXV: TRBE ) (OTCQB: TRPTF) announced today that it has entered into an agreement with Stifel GMP as sole bookrunner and together with Cormark Securities Inc. as co-lead agents and on behalf of a syndicate of agents, in connection with a proposed marketed offering of units of the Company for aggregate gross proceeds to the Company of up to $15 million at a price of $4.00 per Unit.

Round13 Growth Fund, a highly respected, late-stage growth equity investment fund, part of the Round13 Capital family of funds, will lead the financing and subscribe for $10 million worth of Units.

"We are delighted to partner with Tribe's exceptional management team and help realize on Tribe's vision to digitize the property management industry," said Sanjiv Samant, Managing Partner of Round13 Capital. "We are excited to support the acceleration of Tribe's robust product roadmap of property management technology tools as well as the Company's plan to bring its products to new markets via M&A."

Round13 Growth Fund invests in growth companies where there is an opportunity for technology enablement. Key to the fund's mandate is helping bridge the late-stage growth funding gap in Canada between traditional venture capital and public market investors.

Joseph Nakhla, CEO, Tribe Property Technologies Inc.

"We are pleased to be adding Round13 as a strategic shareholder. To receive the support of one of Canada's leading value-added growth funds provides clear validation of our business model. After a very successful 2021, Tribe delivered on significant growth objectives, completing and integrating four acquisitions, creating a national footprint, all while achieving substantive revenue growth," said Joseph Nakhla, CEO of Tribe. "This financing allows Tribe to pursue further M&A opportunities and continue to build on its national footprint, all while advancing the deployment of our new products and services to the growing condo and rental markets."

In connection with Round13's participation in the Offering and subject to regulatory and corporate law requirements, Round13 will be provided with certain rights, including: (i) right to nominate one director to the board of the Company at the Company's next annual general or special meeting of its shareholders; and (ii) right to recommend a qualified independent director to the board of the Company at the Company's next annual general or special meeting of its shareholders.

The net proceeds of the Offering will be used to execute on the Company's acquisition pipeline, and for working capital and general corporate purposes.

About Round13 Growth Fund

Round13 Growth Fund is a Toronto-based late-stage growth equity fund that supports tech-enabled businesses in Canada. Round13 Growth leverages deep strategic relationships, capital markets expertise and growth equity investment experience to add value to its portfolio companies with a hands-on approach. Round13 Growth is part of the Round13 Capital family of funds. For additional information, visit www.round13.com.

About Tribe Property Technologies

Tribe is a property technology company that is digitizing the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers.

Tribe's three revenue pillars are made up of software and service (recurring licensing and management fees), transactional (rent or condo fees, banking services, lease-ups) and digital services and partnership (smart building products, financial and insurance service) revenue.

Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention and allows for the addition of value-added products and services through the platform. Visit tribetech.com for more information.

Additional Details on the Financing

Each Unit will consist of one common share and one common share purchase warrant of the Company. Each Warrant shall entitle the holder thereof to acquire one common share in the capital of the Company (each, a "Warrant Share") at a price of $5.10 per Warrant Share, until the date which is 36 months following the closing of the Offering, subject to adjustment in certain events.

The Company has agreed to grant the Agents an option to increase the size of the Offering by up to an additional 15% of the Units sold under the Offering, exercisable in whole or in part, at any time and from time to time up to 48 hours prior to the closing of the Offering.

Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange ("TSXV"). All securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus a day and TSXV hold period, as applicable.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.