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marcy venture partners

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Misha's, The Black-Owned Plant-Based Brand Backed By Chris Paul And Jay-Z, Expands To Walmart's Shelves

A leading plant-based brand backed by Jay-Z has hit the next level.  

Ngozi Nwanji

May 11, 2023

Billionaire Jay-Z Just Participated In The $33M Investment Of This Beauty Brand

Jay-Z just backed premier beauty brand Madison Reed in an investment totaling $33 million, Forbes reports. The round was led by Sandbridge Capital and Jay-Z’s Marcy Venture Partners also participated in the round. What’s more, the investment brings the San Francisco-based company’s total capital to nearly $220 million, according to Bloomberg.

Samantha Dorisca

Apr 29, 2022

Rihanna's Billion-Dollar Savage X Fenty Lingerie Brand Is Set To Open Retail Stores

It’s finally here, Rihanna’s Savage X Fenty is set to open its very own retail stores. On Friday, Jan. 7, Rihanna announced in a tweet that the $1 billion lingerie brand will expand to include brick-and-mortar stores starting with a handful of cities in the U.S. 2022, we coming in HOT! we bout to bring you a whole new #SavageXFenty experience with the launch of our brick-and-mortar retail stores! — Rihanna (@rihanna) January 7, 2022 “2022, we coming in HOT! We bout to bring you a whole new #SavageXFenty experience with the launch of brick-and-mortar retail stores,” the singer wrote in a tweet accompanied by an exclusive mockup of the upcoming store.

Shanique Yates

Jan 7, 2022

Jay-Z's Marcy Venture Partners Closes Its Second Fund With $325M

It’s no secret that Hip-Hop’s first billionaire Jay-Z is always where the money resides, and that goes for Jay-Z’s Marcy Venture Partners as well. TechCrunch reports, The “Hard Knock Life” rapper’s venture capital firm Marcy Venture Partners — co-founded with Jay Brown (former Roc Nation CEO) and Larry Marcus (Walden VC general partner) — has just closed its second fund with an impressive $325 million. As AfroTech previously reported early last year, the firm’s first fund was a whopping $85 million and signaled the start of new investments. Now, according to TechCrunch, Jay-Z’s Marcy Venture Partners is “now managing $600 million in assets altogether,” says the group’s co-founder Larry Marcus. The trio’s mission is to drive the consumer and mass-market to allow culture to transcend across products, services, media and technology. Marcy Venture Partners prides itself in filling its portfolio with companies that are run by minorities and women pushing forward its key values, which...

Samantha Dorisca

Oct 26, 2021

Jay-Z Invests In 24-Year-Old Technologist Iddris Sandu's Tech Incubator Spatial LABS

While the music industry has been diving into blockchain and cryptocurrency, Jay-Z is now tapping into a collaboration that aims to make the metaverse more accessible. Jay-Z’s Marcy Venture Partners is investing in spatial LABS (sLABS), a tech incubator that focuses on the metaverse and blockchain-based products, Billboard reports. Roc Nation vice-chairman Jay Brown and longtime venture capitalist Larry Marcus are also investing in the innovation. sLABS is founded by Ghana-born and Southern California-raised technologist Iddris Sandu. Starting at 13-years-old, Sandu has worked with big brands such as Apple, Google and Facebook. The now 24-year-old and his company’s collaboration portfolio lists Uber, Instagram, Beyoncé’s Ivy Park, Kanye West’s Yeezy, Rihanna’s Fenty line, and — as AfroTech previously reported — the late Nipsey Hussle’s The Marathon Clothing Store. The tech incubator is set to launch its debut...

Ngozi Nwanji

Oct 13, 2021

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