Platform Capital Commits to US based venture capital fund, MaC Venture Capital
Platform Capital (Platform) is pleased to announce its commitment to MaC Venture Capital’s Fund to invest in early-stage, high growth technology companies primarily in the United States and selectively across other global markets. The fund will target pre-seed and Seed, and Series A opportunities with investments ranging from $0.5m – $1.5m. As part of this commitment, Dr. Akintoye Akindele, Chairman of Platform Capital, joins the Fund’s advisory board.
MaC Venture Capital (MaC VC) is a leading Los Angeles and San Francisco based venture capital firm focused on investing in technology companies that benefit from shifts in pop culture, cultural trends & behaviours. The current fund has backed some prominent early-stage companies in Artificial Intelligence, payments, and media; such as EdgeDelta, Goodfair, Gridraster, Pipe, Ryff, StoreCash, etc. , MaC VC adds significant value to its portfolio companies by supporting them with market access, strategy, government relations, marketing & branding, and a deep influencer network.
The MaC VC team is led by the very experienced team of Marlon Nichols, Adrian Fenty, Michael Palank, and Charles King, who have a strong track record of 100+ investments across various sectors including Airspace, Blavity, Caffeine, Citizen, Fair, Faze Clan, Flexport, Gimlet, PlayVS, Ready Responders, Truebill, AI Foundation and many more.
Dr. Ponmile Osibo, Partner, Investor Relations & Stakeholder Engagement at Platform said, “Platform’s commitment to Mac VC is an exciting opportunity for us to back a diverse and experienced team that invests at the unique intersection of culture, diversity and technology. This commitment is in line with our global focus on growth markets and deepens our footprint in the United States. We see significant potential for high growth African technology companies to gain access to an international investor who has backed great companies and taken them to scale, and for them to partner with MaC VC’s portfolio companies for expansion.”
About MaC VC
MaC Venture Capital is a seed-stage venture capital firm that invests in technology companies that create infectious products that benefit from shifts in cultural trends and behaviours in an increasingly diverse global marketplace.
About Platform Capital
Platform Capital is a growth markets focused, sector agnostic, principal investment and advisory firm. We deploy patient, value accretive capital alongside international and local value investors to create champion businesses with the potential for regional or global scale. Platform also provides end-to-end bespoke Corporate Finance & Capital Markets advisory services. What makes us different is our obsession with changing the African narrative.