MaC VC's third fund marks a significant milestone, raising $150 million to invest in seed-stage companies, with planned check sizes of $2 million to $3 million.
The firm has rapidly grown since its inception in 2021, managing $600 million in assets and strategically targeting investments across diverse sectors, notably within the African market.
The current fundraising environment is particularly challenging for Black founders and fund managers, as they face declining capital allocations, making MaC VC's success a noteworthy achievement.
Despite the hurdles, MaC VC stands out as one of the largest closes for a minority-owned firm this year, highlighting a critical moment for diverse investment representation.
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