Jay-z is reportedly making major waves in the venture capital space. The , Marcy Venture Partner may be laying plans to merge with the investment arm of , per a from . Since its founding in 2019, husband and wife Robbie and D’Rita Robinson, have led has investments in companies including Chinese food brand , and co-working and warehouse provider , Bloomberg points out.
Robbie Robinson previously served as a financial adviser to Barack Obama. Marcy Venture Partners, a reported nod to Marcy Houses, the Brooklyn housing projects Jay-Z lived in during his childhood, was launched in 2018 alongside Walden Venture Capital’s managing director, Lawrence Marcus, and Roc Nation’s president, Jay Brown. Per a recent report from Dot.
La, Marcy Venture Partners leads Series A and B funding rounds with checks that are typically between $5 million and $15 million written to companies with high potential for appeal and growth among. younger demos. More than 70% of the entrepreneurs the firm has invested in are women or people of color.
“The firm invests in Consumer & Culture with an emphasis on positive impact including sustainability, inclusivity, accessibility, empowerment and health & wellness,” per the company’s . “Our companies are led by exceptional management teams with clear vision, purpose and executional excellence. We lead or co-invest in companies that have meaningful brand values, high customer joy driven by an outstanding product, demonstrated growth and clear cataly.