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New Majority Capital raises $5M for new private equity fund

PROVIDENCE – New Majority Capital, which supports people of color and women in acquiring existing businesses, has raised approximately $5 million for its new...
THE BUY-IN: Darryl Lindie, co-founder and president of Providence-based investment firm New Majority Capital, is putting a focus on the entrepreneurship-through-acquisition model. Lindie acquired AA Thrifty Sign & Awning in July 2023. 
PBN PHOTO/­MICHAEL SALERNO

Exits that could help a minority entrepreneur

Rhode Island-based entrepreneur David Owoyemi was no stranger to startups in August 2022, when he was in the middle of launching a new enterprise,...
DRAWING A CROWD: James Davids, co-owner and vintner at Anchor & Hope Wine in East Providence, is aiming to expand the business using an investment-based crowdfunding. The company is looking to open a tasting room. 
PBN PHOTO/­MICHAEL SALERNO

For small business, a new way of getting funding from a...

As small-business owners, Marissa Stashenko and James Davids of Anchor & Hope Wine and Enotap LLC faced the lofty task of converting their property...

New Majority Capital offering accelerator for entrepreneurs of color

PROVIDENCE – New Majority Capital, an organization launched last year to help people of color and women innovators achieve entrepreneurship through acquisition of existing businesses,...

Providence search fund nears end to seed round funding

PROVIDENCE – A city-based search fund created to help women and people of color acquire other businesses is set to close a round of...

New Majority Capital launches with focus on business acquisition for women,...

PROVIDENCE – The word "entrepreneurship" may call to mind a recently opened business  or a new product. But a sometimes overlooked, and often lower-risk,...
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