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.