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Mac VC It just raised $150 million for its third fundaccording to Fortune.
The company, which launched in 2021 and already has $600 million in assets under management, will cut check sizes between $2 million and $3 million at seed-stage companies. The company’s notable investments include Chef Robotics and Stoke Space. The company is also known for its investments across Africa.
This is set to be one of the largest closings for a minority-owned company this year. Black founders and fund managers have struggled to raise money this year as the amount of capital allocated to Black people continues to decline.
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