Jay-Z Raises $85 Million For New Venture Capital Fund

Kershaw St. Jawnson

Jay-Z’s Marcy Venture Partners has raised a ton of cash, according to an SEC filing.

(AllHipHop News) According to an SEC filing, Jay-Z’s Marcy Venture Partners has raised a whopping $85 million from 54 investors.

Established in 2018, the venture is based in San Francisco and is overseen by Jay-Z, his longtime colleague Jay Brown and venture capital veteran Larry Marcus.

According to Forbes, Jay Z has already lined up some major investors for the new $85 million fund.

Some of the investors include Rihanna’s lingerie line Savage X Fenty, electric mobility company Wheels, online camping marketplace Hipcamp, cookie company Partake Foods, and Hungry Marketplace, a catered food company.

In addition to Marcy Venture Capital, Jay-Z's portfolio includes Armand de Brignac, Roc Nation, Roc Nation Sports, Tidal, 40/40 Clubs, JetSmarter, Away, Uber, Partake Foods and more. 

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In June this year, Forbes magazine announced Jay-Z was the first rapper in the world to join the billionaire club USD. He is also the husband of singer Beyonce.

In addition to being successful in the field of music, Jay-Z also invested in a startup called JetSmarter. The company serves customers' aircraft hiring, and can be considered as Uber by airline.