In a significant milestone for the venture capital landscape, MaC Venture Capital has successfully closed its third fund at $150 million, as exclusively reported by Fortune.
This latest achievement brings the firm’s total assets under management to an impressive $600 million, marking a remarkable trajectory for a company founded just four years ago.
Rapid Growth and Expanding Influence
MaC Venture Capital, established in 2019, has quickly become a notable player in the seed-stage investment arena. The firm’s rapid ascent is evident not only in its growing fund size but also in its ability to write larger checks.
MaC has increased its initial investment range to $2-3 million per deal, up from $1.5 million in 2023, signaling increased confidence and capacity to support promising startups.
Notable Exits
MaC Venture Capital has already demonstrated its ability to generate returns through strategic exits:
- Wonder Dynamics: The AI-powered visual effects platform was acquired by Autodesk in 2023, generating a 5.4x return for MaC VC. This exit validated the firm’s investment thesis in AI and content creation tools.
The founding partners’ track record before forming MaC VC includes successful investments in:
- Gimlet Media: The podcast network that was successfully acquired by Spotify
- Truebill: The personal finance platform that was acquired by Rocket Companies
Looking Ahead
With this new $150 million fund, MaC Venture Capital is well-positioned to continue its mission of identifying and nurturing innovative startups at the seed stage.
The firm’s unique blend of expertise—spanning politics, entertainment, technology, and finance—provides a multifaceted approach to venture capital that resonates with founders and investors alike.
As MaC Venture Capital enters this new chapter, the venture capital community will be watching closely to see how this dynamic team leverages its growing resources and diverse expertise to shape the next generation of groundbreaking companies.
by Tony O. Lawson
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