New Majority Capital
Early Stage
Creating the next generation of BIPOC/Women Business Owners
Overview
Raised: $531,950
Total Commitments ($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
Funding Type
RegCF
Price Per Share
$1,000.00
Pre-Money Valuation
$5,250,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/05/2023
Days Remaining
84
% of Min. Goal
1,064%
% of Max. Goal
50%
Likelihood of Max
Avg. Daily Raise
$2,062
# of Investors
82
Momentum
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Location
Providence, Rhode Island
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 05/23/2022
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