- Marcy Venture Partners, the venture capital firm co-founded by rapper and entrepreneur Jay-Z, Jay Brown, and Larry Marcus, launched a new $85 million first fund
Marcy Venture Partners, the venture capital firm co-founded by rapper and entrepreneur Jay-Z, Jay Brown, and Larry Marcus, launched a new $85 million first fund according to a regulatory filing discovered by Crunchbase.
Marcy Venture Partners was founded last year and it is based in San Francisco. The firm is known for investing in consumer brands like Partake Foods and Hungry Marketplace. And the firm’s name was inspired by the Marcy Houses in Brooklyn where Jay-Z was raised.
Marcy’s most recent investment round was in electric mobility company Wheels in October 2019. And Marcy Venture Partners led a $70 million round in Savage X Fenty, which is a lingerie line founded by Rihanna.
Marcus is the director of Walden Venture Capital, which had invested in a number of tech companies and he was also an angel investor who invested early in Netflix. Brown had co-founded the Roc Nation brand with Jay-Z and served as CEO of the company until last year. And before formally launching a venture capital firm, Jay-Z had invested in companies like Uber and Impossible Foods and is known as the first billionaire of hip-hop.
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