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NRD Capital Establishes Technology Investment ArmATLANTA, Jan. 15, 2019 /PRNewswire/ -- NRD Capital, a private equity firm headquartered in Atlanta, is pleased to announce the establishment of NRD Tech Ventures, a subsidiary of the broader investment fund. NRD Tech Ventures focuses on investing in early to mid-stage technology companies serving the restaurant, hospitality, franchise, and healthcare industries. The core mission of the technology fund is to partner with companies using innovative technologies to drive significant revenue and margin improvement at the unit and enterprise level. NRD Tech Ventures was formed in late 2017, when the company partnered with Arke Systems and FRM Solutions, two Atlanta-based firms focused on digital marketing strategy and CRM for franchise and multi-unit businesses. In 2018, NRD Tech Ventures made five additional investments:
"Improving the lives and margins of operators is at the heart of NRD Capital's mission, and I have no doubt NRD Tech Ventures' investments are the right tools to achieve that goal," said Aziz Hashim, NRD Capital Managing Partner. "We're proud to partner with these innovative companies who continuously bring new and inspirational technologies to the table that have the potential to completely transform our industry." To support the growth of its technology portfolio, NRD Tech Ventures named Nizar Allibhoy as an Operating Partner. Allibhoy will lead NRD Tech Ventures' existing portfolio, and will help direct its future investment activity. Allibhoy has a significant track record of success in founding, building, and operating technology companies across multiple industries. For additional information about NRD Capital and these new investments, please visit www.nrdcapital.com. About NRD Capital Management, LLC CONTACT:
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