Collecting almost double than its first seed-stage fund, the second fund for MaC Venture Capital raised $203 million that will greatly help boost its capacity to grow.
The MaC VC Fund II just closed after $110 million was attained in Fund I in March 2021. The event is trailblazing for the firm that calls Los Angeles and Silicon Valley its headquarters on several fronts.
Managing general partner Adrian Fenty says it is extremely important that a majority Black-led venture capital firm raised more than $200 million for one fund because it helps achieve diversity and brings more people into the venture capital world.
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