Jay-Z’s Venture Fund Raises $85 Million For Cultural Investments

By: Kyle Daniels

Musician and mogul—Shawn “Jay-Z” Carter’s Marcy Venture Partners (MVP) has created and raised a $85 million fund to invest in consumer-focused startups.

The venture, co-founded by former Roc Nation CEO Jay Brown, and longtime investor Larry Marcus—was established in 2019 and raised the capital from 54 investors, for its first fund.

According to an SEC filing, the San Francisco-based entity raised the money from 54 different investors and has has already invested in six other companies.

M.V.P. has a passion for building game-changing consumer businesses and mass-market brands that resonate with culture across products and services, media and technology.

The firms first investment was made in March 2019, with $8 Million towards Hungry Marketplace, a startup that connects independent chefs to corporations that need catering.

According to Forbes, the ventures biggest investment so far was putting $70 million behind singer and businesswoman Rihanna’s lingerie line, Savage X Fenty.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s