Rite Ventures invests in Nebula and becomes its largest shareholder. Rite’s primary investment objectives are Nebula’s growth, to continue with the industry consolidation and to prepare for a future initial public offering.

Today, Rite Ventures publishes its investment in DIBS Payment Services, the leading Scandinavian Internet service provider offering payment for solutions for e-commerce. The company is the result of a merger in 2006 between DIBS A/S and DebiTech AB. Today DIBS has more than 10,000 customers and offices in Copenhagen, Aalborg, Stockholm, Gothenburg and Oslo. Rite owns more than 10,0% of DIBS Payment Services and has invested in it since February 2009.

Rite Ventures invests in Verkkokauppa.com, one of the largest e-commerce companies in Finland and becomes the second biggest shareholder in the company. Verkkokauppa.com sells primarily home electronics and computer products for end-consumers and enterprise clients. The turnover in 2008 was over 140 million EUR. The investment allows Verkkokauppa.com to focus more on growth generating measures, including a fully automated storage facility, as well as the expansion of its own brands and the investigation of potential acquisitions.

Rite Ventures acquires Frank Dandy Superwear, a company most known for its underwear collection for men. The company went banktrupt in March 2009 and was acquired by Rite Ventures through an auction process in which several bidders participated. Susanna Bervå, former CEO of MTG Radio and Ark Travel, steps in as acting CEO of Frank Dandy Superwear. Susanna has proven skill in managing turnaround cases from Ark Travel and has helped Ark Travel become the most profitable travel agency in Sweden.

Rite Ventures makes its second investment in the Finnish photofinishing firm Eirikuva, thereby becoming its majority owner. Eirikuva is listed in OMXH First North in Finland and had a turnover of 5,77 MEUR in 2008. Rite Ventures sees high potential in restructuring the firm and developing the online side of the business.