mac venture capital

mac venture capital

Courtesy of MaC Venture Capital

While venture capital funding has taken a hit this year, that hasn’t stopped MaC Venture Capital from raising $203 million for its second fund.

The Los Angeles-based, Black-led VC firm said Monday that it had surpassed its initial $200 million goal for the fund, which dot.LA reported in January, over the span of seven months. MaC said it expects to invest the capital in up to 50 mostly seed-stage startups while remaining “sector-agnostic.”

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Photo by David Everett Strickler on Unsplash

MaC Venture Capital, the Black-led seed-stage venture firm based in Los Angeles, intends to raise as much as $200 million for its second fund, according to an SEC filing published Monday.

The filing implies that Hollywood-based MaC has not yet closed on any capital for the new fund. The investment vehicle follows the firm’s $110 million inaugural fund, which it sealed last March.

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On this week's episode of the L.A. Venture Podcast, hear from Marlon Nichols, a founding Managing General Partner at MaC Venture Capital. MaC Ventures is seed-stage venture fund prioritizing investments in underrepresented founders.

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