rarebreed.vc · Baltimore, Maryland · founded September 2020 · team 1 (Mac Conwell is sole Managing Partner) · Pre-seed, $50K to $250K initial checks (first or among first investors) · trust 0/4
| Firm Name | RareBreed Ventures
source: https://www.rarebreed.vc (homepage) |
| Investment Thesis / Tagline | The pre-seed fund for a rare breed of founder
source: https://www.rarebreed.vc (homepage hero) |
| Headquarters City | Baltimore, Maryland
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (case study) |
| Fund Founded | September 2020
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (overview section) |
| Number of Partners | 1 (Mac Conwell is sole Managing Partner)
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (fund structure section) |
| Founding/Managing Partner | McKeever 'Mac' Conwell II
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (overview section) |
| Investment Stage & Check Size | Pre-seed, $50K to $250K initial checks (first or among first investors)
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (investment strategy section) |
| Legal Entity Structure | RareBreed Ventures LP (Delaware LLC) / RareBreed Ventures Management LLC (GP)
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (fund structure section) |
| Contact Email | mac@rarebreed.vc
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (mentions firm domain) |
| Fund I Size | $10 million (closed Q1 2022)
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (overview section) |
| Portfolio Companies | 28+ companies (as of Dec 31, 2021)
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (track record section) |
| Investment Focus | Early-stage underrepresented founders outside major tech ecosystems (Silicon Valley, NYC, Boston)
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (investment strategy section) |
| Fund I Performance | 1.64x MOIC, 1.57 TVPI as of December 31, 2021
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (track record section) |
| Fund Structure Type | 506(c) publicly marketed fund
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (why a 506(c) fund section) |
| Founder's Previous Role | Seed-stage fund manager at Maryland Technology Development Corporation (TEDCO)
source: https://playbook.innovative.finance/case-studies/rare-breed-ventures-case-study/ (overview section) |