The majority Black-led firm MaC Venture Capital just raised $110 million to invest in overlooked tech startups on the cusp of disrupting their industries.
MaC Ventures was founded by Marlon Nichols, Adrian Fenty, Michael Palank, and Charles D. King. The team’s large portfolio of leading companies includes Mayvenn, Mahmee, and Vantage Point.
“I want to build the best seed stage fund in the world,” Nichols told Forbes reporter Brianne Garrett. “The only way you can do that is to have a super team, and we thought if we came together it would be like the Avengers.”
For this Plug In South LA Beat, our regular curation of must-read tech and innovation articles, we find out what this new funding could mean for underrepresented founders:
Photo: Vantage Point founder and CEO Morgan Mercer. Credit: The Helm