News

Actions

Jay Z launches Arrive to invest in startups

Posted

NEW YORK (CNNMoney) -- Shawn Carter, best known as Jay Z, is diving deeper into venture capital.

The rapper-entrepreneur is an investor in Uber, among other startups, but now he's formalizing his investor efforts: Roc Nation, Carter's entertainment firm, is launching new business arm called Arrive.

Arrive will pour capital into young startups, as well as advise them on brand and business development. (Perhaps it will use JetSmarter, another Carter-backed startup, as a case study in how not to pitch the press.)

The new business unit is a collaborative effort with seed stage venture firm Primary Venture Partners (whose portfolio of investments includes startups Jet, Maple and Ollie) and GlassBridge Asset Management, the company said in a statement Monday.

It's unclear how many companies Arrive will invest in -- and how how much money it will shell out.

But the plan is to go big, according to the announcement: The company "anticipates the launch of a traditional venture fund in order to, among other activities, support existing portfolio companies through their subsequent growth stages."

Roc Nation did not immediately respond to CNNTech's request for comment.

Carter has firsthand experience growing a tech startup: He launched music streaming service Tidal in 2015 after buying Swedish tech company Aspiro. In January, Sprint bought 33% of the company for $200 million.
 

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Wednesday

07/30/2025

Clear

-° / 69°

0%

Thursday

07/31/2025

Clear

99° / 71°

0%

Friday

08/01/2025

Clear

101° / 71°

1%

Saturday

08/02/2025

Clear

98° / 71°

0%

Sunday

08/03/2025

Mostly Clear

99° / 68°

0%

Monday

08/04/2025

Mostly Clear

94° / 68°

0%

Tuesday

08/05/2025

Clear

98° / 71°

0%

Wednesday

08/06/2025

Mostly Clear

102° / 74°

0%