Greensboro, NC – March 31, 2023 – Napkin Inc. has announced the acquisition of Embertribe, LLC, a company based out of North Carolina, USA.
The acquisition further solidifies Napkin’s desire for expansion within North America, and adds important experience on digital marketing advertising spend front. Embertribe has over 11 years of experience managing $100m+ in ad spend for over 550 brands.
At the conclusion of negotiations, Embertribe Co-Founder Josh Sturgeon commented, “When founders exit their business, it usually marks the end of their vision and autonomy. With Napkin, we’re able to expand our vision in a new chapter of growth and opportunity. We’re better together!”.
About Napkin Inc.
Napkin is positioned as a go-public roll-up strategy, with the continued focus of acquiring $200m+ of “digital disruptors” from around the globe. All acquisitions are comprised of elite, complimentary talent that help provide end-to-end solutions across tech markets. By encouraging collaboration and concentrating on strategies for growth, Napkin fosters an environment for business owners to scale effectively and establish themselves as market leaders in the global tech-scene.
Napkin offers founders above-market purchase prices by facilitating a large portion of each transaction with “share-swaps”. Every share issued by Napkin is the same common stock, which allows founders the security of equal-opportunity at any liquidity event. As the collective grows and Napkin matures, founders will experience a further multiple on their “share swap” share price, potentially creating personal liquidity opportunities beyond what they would have otherwise been able to achieve on their own.
As Napkin grows through each set of “batch acquisitions”, investors are afforded the opportunity to buy shares back from founders, thereby providing founders with liquidity while providing investors with discounted pricing.
About Embertribe, LLC
Embertribe, LLC is based out of North Carolina, USA, with remote workers across the USA and beyond. Embertribe has expertise with digital marketing advertising spend, search engine optimization, campaign management, social media management, brand management, and more. It’s about making sure that all channels work strategically towards one singular goal.
Embertribe has over 11 years’ worth of experience in helping clients achieve long-term success with sustainable growth initiatives. They’ve deployed over $100m+ in advertising spend across more than 550 clients, including many Fortune 500 clients. Embertribe not only manages client account, but through various global speaking engagements brings thought leadership to the space.