Veteran rapper and noted business, man, Jay Z, is reportedly launching a new venture capital fund in partnership with Jay Brown, a longtime business associate and president of Roc Nation. The project is in collaboration with Sherpa Capital, although it will not be a Sherpa-branded effort, nor will Sherpa staff be leading investments.

Jay is, however, in search of a full-time investment partner from the venture sector, as focus for the fund is expected to be placed on seed-stage tech opportunities.

Previous investments for both Jays have included Uber's Series B at $300 million USD pre-money, JetSmarter, and TIDAL.

For now, this is all we have surrounding Jay Z's new venture capital fund, but be sure to check back with us for more.

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