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MaC Venture Capital

Also known as MaC VC

Los Angeles, United States Founded 2019 macventurecapital.com Los Angeles ecosystem (#3 of 32)

  • Seed

MaC Venture Capital’s latest fund is MaC Venture Capital Fund III: $150M, 2024, #211 of 427 firms by latest fund.

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Latest fund$150M2024
Rank by latest fund#211of 427 firms
Assets under management$600MSource
Funds with reported performance2From public LP disclosures
Funds raised, by the year each closed
Funds raised, by the year each closedFunds raised, by the year each closed. 2021: $110M; 2022: $203M; 2024: $150M.2021 · Raised: $110M$110M20212022 · Raised: $203M$203M20222024 · Raised: $150M$150M2024
The numbers
YearRaised
2021$110M
2022$203M
2024$150M

Overview

Formed in 2019 from the merger of Cross Culture Ventures and M Ventures.

Funds

FundClosedSizeSource
MaC Venture Capital Fund III2024$150Mtechcrunch.com
MaC Venture Capital Fund II2022$203Msocaltech.com
MaC Venture Capital Fund I2021$110Mgunder.com

LPs on the record

8 private foundations list on their latest IRS Form 990-PF, and 1 other LP reports holding MaC Venture Capital’s funds.

6 more LPs are in the app. Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.

Firms whose LPs overlap

The firms sharing the most LPs on record with MaC Venture Capital, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

Find LPs for MaC Venture Capital and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.

Reported fund performance

As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.

FundVintageNet IRRVersus vintage (IRR)TVPIDPIReported by
MaC Venture Capital II—N/MNot yet meaningful——Teachers' Retirement System of the State of Illinois (TRS)
MaC Venture Capital III—N/MNot yet meaningful——Teachers' Retirement System of the State of Illinois (TRS)

Teachers' Retirement System of the State of Illinois (TRS): TRS Annual Comprehensive Financial Report, fiscal year 2025: Investment Assets Under Management, Private Equity, as of June 30, 2025. TRS lists each private equity partnership with one amount, its "Assets" at the fiscal year end, in the schedule "Investment Assets Under Management" of its Annual Comprehensive Financial Report (shown here as the market value, in whole dollars as printed). It reports no commitment amount, contributions, distributions, vintage year, multiple or IRR per fund, so committed, paid-in, distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. All 263 entries under the schedule's "Private Equity" heading are included as TRS classifies them (buyout, growth, venture, co-investment and separately managed vehicles; 53 are "Annex" entries that TRS lists separately beside a fund of the same manager); the Public Equity, Real Assets, Income and Diversifying Strategies groups are not imported. The entries add up to $12,776,014,572, which equals the fair value of private equity partnerships in the notes to the report's financial statements ($12,776,014,570). The schedule's own note says it does not include managers terminated before June 30, 2025 with residual assets in the account. View source

About this data

Fund sizes come from firm announcements, SEC filings, and press reports, converted to US dollars near the closing date. Compiled as of October 9, 2026. Notable portfolio companies are examples from public sources, not a complete list.

  1. techcrunch.com/2024/10/31/mac-vc-raised-150-million-fund-iii
  2. socaltech.com/mac_venture_capital_raises___3m_in_second_f…
  3. gunder.com/en/news-insights/client-news/mac-venture-capit…

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