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MaC Venture Capital Raises a $110M Inaugural Fund to Invest in Visionary Tech Leaders Building the Future

Seed-stage VC firm MaC Venture Capital is on a mission to invest in today’s visionary tech founders and startups that are creating cultural trends to build a better tomorrow. To support this mission, the majority Black-owned firm has announced that it’s just closed on its $110 million inaugural seed fund. According to an announcement shared with AfroTech, MaC Venture Capital designed this fund to back seed-stage tech startups across several different business sectors — including fintech, e-commerce and marketplaces, interactive media, connectivity, enterprise SaaS, space and aerospace, logistics, and more — that are leveraging shifts in culture and behavior. Limited partners for the fund include Foot Locker, Inc., Goldman Sachs, Greenspring Associates, Bank of America, Howard University, MacArthur Foundation, the University of Michigan, State of Michigan Retirement System, and Mitch and Freada Kapor, among many others. MaC Venture Capital — made up of founding general partners...

Mar 25, 2021