Richelieu Dennis sells SheaMoisture to Unilever, launches $100M New Voices Fund

Richelieu Dennis sold Sundial Brands, parent of SheaMoisture and Nubian Heritage, to Unilever in 2017 in a deal valued at over $1.6 billion — one of the largest exits by a Black entrepreneur. Dennis used a portion of proceeds to launch the New Voices Fund, a $100 million fund dedicated to investing in women-of-color entrepreneurs, creating transformative new capital access.