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New Majority Capital Announces Seed Round From Community Investors

Nov 29, 2022about 3 years ago

Round Type

seed

ProvidenceFinanceFinancial Services

Investors

New Majority Capital

Description

New Majority Capital (NMC), a DEI Impact firm today announced the raising of its seed round funding from a community of investors using the WeFunder platform.

Company Information

Company

New Majority Capital

Location

Dyer Street

Providence, Rhode Island, United States

About

New Majority Capital is a Pending B Corp impact organization working to create a better financial future for all by increasing the number of underrepresented small business owners. NMC takes a systems-change approach to making the path of small business "asset" ownership more accessible to BIPOC and Women. NMC's theory of change is that asset ownership leads to inter-generational wealth and is an underutilized tool to help close the wealth gap. NMC was founded by Harvard, MIT and Babson alumni.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers