• About
  • Advertise
  • Careers
  • Contact Us
Sunday, June 22, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Business StartUPs

MaC VC Closes $150 Million Fund III, Eyes Global Expansion

…with recent moves into the African market

by Joan Aimuengheuwa
November 1, 2024
in StartUPs
0
MaC Venture Capital Secures $150 Million Fund III, Eyes Global Expansion
MaC VC General Partners

MaC VC General Partners

UBA
Advertisements

MaC Venture Capital (VC) has closed its third fund (Fund III), raising $150 million to bolster its investments in seed-stage technology companies. 

MaC VC Fund III elevates the firm’s total assets under management to $600 million since its inception in 2019. 

Founded by industry veterans Marlon Nichols, Adrian Fenty, and Mike Palank, MaC has made a huge impact in the venture capital space, especially notable for its focus on cultural shifts and behavioural trends.

The increase in capital allows MaC VC to enhance its investment strategy, raising its initial check size to between $2 million and $3 million, up from the previous average of $1.5 million in 2023. 

This change reiterates the firm’s focus on supporting innovative startups with funding at early stages. Noteworthy investments include companies such as Chef Robotics, Stoke Space, and Pipe, which shows a broad interest in diverse technological advancements.

The firm has affirmed its ability to yield impressive returns through successful exits. A prime example is the acquisition of Wonder Dynamics, an AI-driven visual effects company, by Autodesk in 2023, which generated a remarkable 5.4 times return on investment for MaC. 

MaC’s founders bring a wealth of experience from various sectors, including politics, entertainment, and technology. Fenty, the former mayor of Washington D.C., highlighted the firm’s strategic approach, stating, “Our growth has been about backing the right founders and making impactful investments.” 

This multifaceted perspective enables MaC to provide financial support and also strategic guidance tailored to the unique needs of each startup.

In addition to its domestic focus, MaC is expanding its investment reach internationally, with recent moves into the African market, including investments in Nigeria-based Shekel Mobility. 

Nichols noted the importance of seeking talent beyond traditional boundaries, noting, “You have to be deliberate about finding talent outside of your hometown or state.”

MaC VC will continue its mission of identifying and supporting innovative startups across the globe. 

With a vision of creating a sustainable, multi-generational venture firm, the team is focused on delivering exceptional value to its portfolio companies and driving technological advancements. 

Loading

Advertisements
MTN ADS

0Shares
Tags: Adrian FentyMaC VC Fund IIIMac Venture CapitalMarlon NicholsMike PalankStartup Funding
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
Apple Q4’24 Results: iPhone 16 Performance Drives 5.5% Increase in Sales

Apple Q4’24 Results: iPhone 16 Performance Drives 5.5% Increase in Sales

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

There’s huge untapped e-Commerce market in Africa – Juliet Anammah

3 years ago

Network Modernisation: The Key to the Future of Healthcare 

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.