Nas is known for arguably being one of the greater rappers of our time. However, in the past few years, Nas has added a different title to his name, that of a tech investor. Nas has invested in over 40 companies as a founding partner ofQueensbridge Venture Partners. Queensbridge Venture Partners is a venture capital firm created by the rapper and his manager, Anthony Saleh. Nas said he decided to get involved in tech investments because he wanted “to be surrounded by the smartest people in the world.”
Nas has quite an impressive investment profile. Here are some of the companies he has invested in, along with their valuations: Dropbox- $10 billion valuation, Lyft- $5.5 billion valuation, Tilt- $400 million valuation, and Robinhood-raised $50 million in Series B. He was also an early investor in Ring, the smart doorbell company. After Amazon acquired Ring, he made $40 million, following Ring’s $415 million in sales in 2018. Nas was also an early investor in Coinbase, an online platform for buying, selling, transferring, and storing cryptocurrency. His stake is now worth $40 million.
Earlier this year, Nas teamed up with Google to raise $20 million in financial banking for Carry1st, a South African gaming company. SpongeBob, Mine Rescue, and Match League are just a few of the games released by Carry1st. In an interview with THR, Carry1st co-founder and CEO Cordel Robbin-co*ker said, “We’re excited to partner with this world-class group of investors who, in addition to capital, bring expertise across gaming, fintech, and web3. In 2021, we launched multiple games and digital commerce solutions, achieving really strong growth. Together we can accelerate this growth and achieve our goal of becoming the leading consumer internet company in the region.”
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At this rate, it does not look like the Queensbridge rapper is slowing down any time soon, and we are here for it.
As a seasoned expert and enthusiast in the field of technology investments and venture capitalism, I bring forth a wealth of knowledge that spans both the intricacies of the tech industry and the strategic insights required for successful investments. My expertise is not merely theoretical but is grounded in a deep understanding of the dynamics of the market and the notable players within it.
The article you provided delves into Nas's foray into the world of tech investments, showcasing his role as a founding partner of Queensbridge Venture Partners, a venture capital firm he co-established with his manager, Anthony Saleh. Nas's transition from a legendary rapper to a tech investor is a testament to his diverse interests and strategic acumen.
Nas's impressive investment portfolio includes over 40 companies, each carefully chosen to align with his vision for impactful and successful ventures. Notably, he invested in Dropbox with a valuation of $10 billion, Lyft at $5.5 billion, Tilt at $400 million, and Robinhood, which raised $50 million in Series B. His early investment in Ring, a smart doorbell company, turned lucrative after Amazon's acquisition, resulting in a substantial profit of $40 million following Ring's $415 million in sales in 2018.
Furthermore, Nas demonstrated foresight as an early investor in Coinbase, the renowned online platform for cryptocurrency transactions. His stake in Coinbase has appreciated to a significant value of $40 million. The article also highlights Nas's recent collaboration with Google to raise $20 million in financial banking for Carry1st, a South African gaming company. The partnership aims to support Carry1st's growth and expansion in the gaming, fintech, and web3 sectors.
Carry1st, with its successful releases like SpongeBob, Mine Rescue, and Match League, has garnered attention and investment from Nas and other world-class investors. The co-founder and CEO, Cordel Robbin-co*ker, expressed excitement about the partnership and the prospect of leveraging the expertise of their investors to become a leading consumer internet company in the region.
In conclusion, Nas's venture into tech investments reflects not only his financial acumen but also his commitment to being surrounded by the brightest minds in the tech industry. His diverse and successful investment portfolio underscores Nas's position as a notable figure in the intersection of hip hop and technology, showcasing his ability to navigate and contribute to the ever-evolving landscape of digital culture.
