New Majority Capital

New Majority Capital

Closed: Apr. 2023

About this raise

New Majority Capital, with a valuation of $5.25 million, is raising funds on Wefunder. The company aims to leverage entrepreneurship through acquisition at scale while creating more underrepresented small business owners. New Majority Capital plans to benefit from the baby-boomer-driven Silver Tsunami and the Great Resignation and provide the knowledge and capital to enable the huge trend. New Majority Capital is led by an experienced team and already making traction with multiple potential deals, LOIs, and partnerships. Havell Rodrigues and Kris Schumacher founded New Majority Capital in January 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for payroll, advertising, legal expenses, due diligence costs, and other expenses.

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Investment Overview

Invested this round: $584,756

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
05/23/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1,000.00

Pre-Money Valuation

$5,250,000

Company & Team

Company

Year Founded
2022
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Providence, Rhode Island
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Havell Rodrigues
Title
CEO
Founder Name
Kris Schumacher
Title
President

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $5,250,000 $584,756 Equity - Preferred Funded RegCF
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Add to portfolio
New Majority Capital on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $5,250,000
Price per Share: $1.00

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Follow New Majority Capital on Wefunder 2022

Buy New Majority Capital's Deal Report

Warning: according to the close date for this deal, New Majority Capital may no longer be accepting investments.

New Majority Capital Deal Report

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  • Scores on the founding team and key personnel's background and expertise

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