Press Releases
NB Tech Acquisitions Partners with Rithum to Expand ECOM Fund 2 with Over 400 New Ecommerce Stores
View allNB Tech Acquisitions ("NB Tech"), a leading technology incubator and investment firm, is thrilled to announce a transformative revenue share partnership with Rithum. This strategic collaboration aims to propel the expansion of NB Tech's ECOM Fund 2 through the development and launch of more than 400 new ecommerce stores, significantly enhancing the company's presence in the rapidly evolving online retail space.
This partnership with Rithum represents a pivotal moment for NB Tech, offering a robust platform to scale its ecommerce operations and drive unprecedented growth. By integrating Rithum's expertise in ecommerce technology and management with NB Tech's strategic vision and resources, the collaboration is poised to reshape the online retail landscape. The new stores will span diverse markets, catering to the ever-evolving preferences of today's digital consumers.
The deal with Rithum underscores NB Tech's commitment to innovation, scalability, and sustainable growth. By adding over 400 stores to its portfolio, NB Tech not only diversifies its revenue streams but also positions itself as a leader in the ecommerce sector. This significant expansion:
Boosts Capital Deployment: With a larger platform to allocate resources, NB Tech can optimize returns and create value for its investors. Enhances Market Reach: The partnership enables NB Tech to penetrate new markets and appeal to a broader audience, aligning with its goal of maximizing shareholder value. Promotes Technological Innovation: By leveraging cutting-edge ecommerce technologies, NB Tech ensures its operations remain at the forefront of industry trends, delivering superior customer experiences and operational efficiencies.
Eric Liboiron, Founder and acting CEO of NB Tech Acquisitions, expressed his enthusiasm for the collaboration: "Our partnership with Rithum is a milestone in the evolution of NB Tech's ECOM Fund 2. This strategic expansion not only broadens our market footprint but also reinforces our commitment to delivering innovative and scalable ecommerce solutions. Together with Rithum, we are building a foundation for sustainable growth that benefits our stakeholders, customers, and investors alike." The scale and ambition of this partnership reflect NB Tech's broader mission to lead in technological innovation and investment. By expanding its ecommerce portfolio, the company is well-positioned to capitalize on emerging trends in online retail while setting new benchmarks for performance and profitability. The partnership also aligns with NB Tech's vision to build dynamic, adaptive business models that are resilient to changing market conditions.
About NB Tech Acquisitions
Founded in 2021 and headquartered in Newport Beach, California, NB Tech Acquisitions is a leader in technology investment and incubation. The company specializes in scaling groundbreaking ventures across sectors such as ecommerce, artificial intelligence, and cryptocurrency. Through strategic investments and cutting-edge solutions, NB Tech empowers innovation and delivers exceptional value to its stakeholders.
Media Contact
Brooke Rhoden
Vice President of Investor Relations
NB Tech Acquisitions
Phone: 949.229.0977
Email: brooke@nbtecha.com
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