Nas investment firm earns another major deal, this time with Amazon
A reported billion dollar deal at that.
Nas is many things. Half man, check. Half amazing, check. One of hip-hop’s greatest rappers alive, check. But in the past few years, the Queensbridge legend has been steady building his portfolio as a venture capitalist, investing in some pretty big deal startups via his QueensBridge Venture Partners firm. The L.A.-based company, in which he serves as a founding partner, invested in a variety of companies over the years, such as Rap Genius, Lyft, Dropbox, SeatGeek, and LANDR to name a few. One of their recent startup investments, Ring, was picked up by Amazon for a reported $1.2 billion.
According to Fortune, the home security company, was acquired by Amazon in a deal announced on Tuesday (February 27). “Ring’s home security products and services have delighted customers since day one,” Amazon said in a statement. “We’re excited to work with this talented team and help them in their mission to keep homes safe and secure.” The deal was worth more than $1 billion, according to Reuters
This is just one of many major moves from Nas and his QueensBridge Venture Partners firm. Since 2011, the company invested in more than 40 companies. Last year, they invested in Brooklyn-based food stamps startup Propel. As their portfolio grows, it ain’t hard to tell that Nas and his team excels.