Jay Z's venture capital fund is here
Jay Z is ready to invest in some businesses, man.
Jay Z's Roc Nation announced Monday that it'll begin funding "early stage start-ups" through its new platform, "ARRIVE."
ARRIVE (yes, all caps) will offer what sounds like an incubator system, complete with "brand services, business development, advisory and capital," the company announced in a press release. The company's also planning on launching a more traditional venture fund alongside ARRIVE.
Jay has already shown interest in the startup world, particularly with the purchase of a streaming music service that would eventually come to be known as Tidal.
Jay and Roc Nation are working with two other firms, Primary Venture Partners and GlassBridge Asset Management, for ARRIVE.
The company said that the new firm will focus on investing in startups that have a social impact.
Jason Abbruzzese is a Business Reporter at Mashable. He covers the media and telecom industries with a particular focus on how the Internet is changing these markets and impacting consumers. Prior to working at Mashable, Jason served as Markets Reporter and Web Producer at the Financial Times. Jason holds a B.S. in Journalism from Boston University and an M.A. in International Affairs from Australian National University.
