Jay Z Is Reportedly Launching A Venture Capital Fund

The rapper and entrepreneur is partnering with Roc Nation president Jay Brown for the fund.

Jay Z Is Reportedly Launching A Venture Capital Fund Jay Z fields questions during a press conference with The Weinstein Company in New York City, October 6, 2016.   Larry Busacca / Getty Images

Jay Z is launching a venture capital fund with his business partner and Roc Nation president Jay Brown, Axios reports. According to multiple sources, the pair is looking for a third investment partner and will be partnering with Sherpa Capital to launch the fund, but the company will not be leading investments.

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The VC fund is expected to focus on seed-stage tech opportunities and will be a more formal continuation of Jay Z and Jay Brown's early investments in the past: both invested in Uber's Series B. Jay Z has also invested in three other start up companies and is the co-owner of music streaming service TIDAL.

A representative for Jay Z was not immediately available for comment.

February 21, 2017
Jay Z Is Reportedly Launching A Venture Capital Fund