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MaC Venture Capital raised $150M for its third fund to invest in diverse founders across various industries.

Nov 01, 2024•9 months ago

Amount Raised

$150 Million

New York

Investors

University Of MichiganTeachers’ Retirement System Of IllinoisStepstoneMichigan Department Of TreasuryLos Angeles Fire And Police PensionFairview CapitalBoston College

Description

MaC Venture Capital has successfully closed its third fund, amassing $150 million for investments. The fund aims to support Black, Hispanic, and female-founded companies during a challenging fundraising climate.

Company Information

Company

Ma C Venture Capital

Location

New York, United States

About

MaC Venture Capital is a seed-stage venture capital firm based in Los Angeles and Silicon Valley that invests in technology startups leveraging shifts in cultural trends and behaviors. The general partners represent diverse backgrounds in technology, business, politics, entertainment, and finance, allowing them to accelerate entrepreneurs on the verge of their breakthrough moment. The firm provides hands-on support crucial for building and scaling category-leading companies, including operations strategy, brand building, recruiting, sales development, and mission-critical introductions. MaC Venture Capital is the result of a merger between Cross Culture Ventures, co-founded by Marlon Nichols, and M Ventures, co-founded by Adrian Fenty, Michael Palank, and Charles D. King. Find MaC Venture Capital online at https://macventurecapital.com/ and @MaCVentureCap.

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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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