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Jay-Z's New $85M VC Fund May Signal the Start of New Investments

Hip hop’s first billionaire, Jay-Z, is shattering the glass ceiling yet again. This time with his venture capital firm, Marcy Venture Partners (MVP), a San Francisco based VC co-founded by Jay-Z, his long time business partner, Jay Brown, and Larry Marcus. According to Forbes, MVP has raised $85 million toward its fund and SEC filing documents show the VC firm has a total of 54 new investors. Does this mean the business mogul has something new in the works? Although only time will tell — MVP has already invested in a number of startups last year. According to Crunchbase , the VC invested in Wheels, an electric transportation company, and Hungry Marketplace, a food tech company. The firm also led the $70 million funding round for Rihanna’s Savage X Fenty lingerie brand. Jay-Z and his team are not new to the business of investing. In its early stages of funding, Jay-Z invested in Uber , and Larry Marcus, a seasoned investor, has invested in industry giants like Netflix and Pandora via...

Devin Crudup

Feb 28, 2020

Arrive, Jay-Z's Startup Platform, Raises $20 Million

Jay-Z has his hands in a lot of different companies, but his most recent venture seems to be taking off. Arrive, the rapper’s venture capital firm, recently raised $20 million, according to SEC documents . Roc Nation, Arrive’s parent company, announced the launch of the VC firm in February. The firm targets early-stage startups in need of brand assistance and investment capital. When it launched, Arrive touted itself as a platform that thrived on not only funding early stage startups, but also having a central role in the branding of companies it invested in — something that could be attractive for companies focused on speeding up the growth process. So far, Arrive has invested in Robinhood, an investment platform now worth over $5 billion; Delviat, an audio technology company; and Insite Applications, a company focused on location sharing technology.  

Arriana McLymore

Dec 6, 2018