Captain Haiti Foundation Raises $5M in Funds From a Private Equity Firm

Subh Rath

May 19, 2023

The Captain Haiti Foundation, a 4947(a)(1) charity trust, announced a $5 million fundraising effort on May 17th, sponsored by private equity firm Dargent Group. 

According to the Captain Haiti Foundation, the collaboration will use blockchain technology to “combat Miami’s housing crisis and the ongoing gentrification of the Haitian community [in Miami].” 

Nandy Martin, better known as Captain Haiti and the foundation’s chairman, indicated that the money would be dedicated to assisting inhabitants of Miami’s Little Haiti neighborhood in acquiring land, family homes, and commercial real estate.

The foundation further said that: 

“By achieving just 5% of Wynwood’s Wall success, our Little Haiti Walls initiative could attract 150,000 tourists annually, stimulating local businesses and amplifying cultural exchange.”

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Captain Haiti Foundation’s Action Plan To Leverage Blockchain Technologies: 

Martin will first collaborate with Web3 music infrastructure supplier Nusic to create a limited edition geo-located music nonfungible token collection that will provide collectors first-option real estate buying rights. 

Furthermore, the Captain Haiti Foundation hopes to raise $300,000 to beautify Little Haiti, with 30% of the donations going toward community cleanups, public art, and planting greens known as the “Little Haiti Walls.”

Martin received the backing of Cardano founder Charles Hoskinson and Miami District Commissioner Jeffrey Watson two years ago to use blockchain to help restore the Little Haiti community. Then, Watson gave $200,000 to 40 local firms for importing Haitian products, while Martin built the Little Haiti Coin on the Cardano blockchain to provide discounts for Haitian imports.

Furthermore, Martin, known for his unusual shield and cape suit inspired by Captain America, advocates against what he says is creeping gentrification in his neighborhood, resulting in costly housing and emigration.

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