MaC Venture Capital, a Los Angeles, CA-based seed-stage venture capital firm, raised a $203m Fund II.
Fund II investors include repeat and new institutional investors such as Fairview Capital, George Kaiser Family Foundation, Goldman Sachs, ICG Advisors, Illumen Capital, the MacArthur Foundation, Stepstone, the Teachers’ Retirement System of the State of Illinois, and the University of Michigan, among others.
The four founding general partners include:
- seasoned operator and venture capitalist Marlon Nichols;
- former Washington, D.C. Mayor Adrian Fenty;
- former William Morris Agency talent agent and operator, advisor, and investor Michael Palank;
- MACRO founder and CEO Charles D. King, former agent/partner at William Morris Endeavor (WME).
In addition to them, Partner Danny Brown has supported strategic investment in companies shifting and shaping the culture. Since their seed-stage fund, the firm has since expanded to include new partners Haley Farnsworth and Zhenni Liu, whose collective consulting experiences across retail, healthcare, and media industries support the firm’s vision to identify and invest in companies who look to serve the 99% by increasing access to opportunities and resources.
The result of a 2019 merger between Cross Culture Ventures, co-founded by Nichols, and M Ventures, co-founded by Fenty, King and Palan, MaC Venture Capital is a seed-stage venture capital firm that invests in technology startups leveraging shifts in cultural trends and behaviors, increasing access and resources to underserved communities, and meeting consumer and industry needs. The firm also provides hands-on support for building and scaling companies, including operations strategy, brand building, recruiting, sales development, and mission-critical introductions.
As of the launch of the seed-stage fund, MaC Venture Capital has invested in 50 companies, with top performers including Pipe, Edge Delta, Stoke, Zigazoo, Epsilon3 and Spartan Radar.
FinSMEs
30/06/2022