News

Majority-Black-run VC firm raises $110 million seed fund

Charles D. King, general partner of MaC Venture Capital, doesn’t think there’s another fund that looks like this one.

That’s because the venture capital firm is majority Black-owned. And it just announced the raising of its inaugural $110 million seed-stage fund.

In addition to King, the L.A.- and Silicon Valley-based MaC Venture Capital counts among its founding partners venture capitalist Marlon Nichols; former Washington, D.C., mayor Adrian Fenty; and Michael Palank, a former William Morris Agency talent agent and operator, adviser, and investor.

Together they’ve already invested in 25 companies, including FinessePureStream, and Sote. And in the past, MaC’s partners separately invested in more than 135 companies, including Gimlet Media and Walker and Co.

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s