NRD Capital Management LLC established a technology-focused investment unit, NRD Tech Ventures.
The newly created subsidiary will invest in early- to mid-stage technology companies in the restaurant, hospitality, franchise and healthcare markets.
NRD Tech was formed in partnership with Atlanta-based digital marketing and customer-relationship management companies Arke Systems LLC and FRM Solutions in 2017.
Nizar Allibhoy will serve as the operating partner of NRD Tech, which in 2018 invested in platforms such as Harri; Sales Huddle Group Inc., operating as 1Huddle; NEXT; ShiftOne; and ValyantAI.
NRD Capital is an Atlanta-based private equity firm targeting small-to-midsize brands — franchise or non-franchise, domestic or international — with a focus on restaurants, multilocation-related technologies, service and retail companies.