MaC Venture Capital, a seed-stage venture capital firm based in Los Angeles and Silicon Valley, has successfully raised a $203 million Fund II, building on the $110 million seed-stage fund secured in March 2021.
MaC Venture Capital, a majority Black-owned firm, will use Fund II capital to double down on their cultural investment framework, which has successfully supported technology startups who are shaping culture, increasing access and resources to underserved communities, and meeting consumer and industry needs.
The four founding general partners include seasoned operator and venture capitalist Marlon Nichols; former Washington, DC Mayor Adrian Fenty; former William Morris Agency talent agent and operator, advisor, and investor Michael Palank; and MACRO founder and CEO Charles D King, former agent/partner at William Morris Endeavor (WME). Partner Danny Brown, who has supported strategic investment in companies shifting and shaping the culture, has also been instrumental in the firm’s success since inception. MaC Venture Capital is the result of a 2019 merger between Cross Culture Ventures, co-founded by Nichols, and M Ventures, co-founded by Fenty, King and Palank.