Venture Capital

How Majority Black Vc Firm Mac Ventures Raised A $110M Fund

by businessinsider.com posted 5months ago 28 views
Summary List PlacementMaC Ventures has raised $110 million, becoming one of the largest first-time fundraisers by a majority Black-owned venture firm. Based on planned investments, the raise is expected to mint about 40 $1 million venture-backed companies. With 76% of its portfolio of companies having Black, Latinx, or women founders, MaC Ventures could shift the landscape of venture funding to underrepresented founders. "We can power companies that can close the gap of opportunity for large groups of people, creating more diversified access across a wide range of verticals," said Marlon Nichols, the founding managing partner of MaC Ventures.

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