Jay Z has invested in a robotic pizza truck venture run by ex-SpaceX engineers, leading the first $16.5 million funding round.
Described as “essentially a spaceship on wheels,” Stellar Pizza is a mobile catering run by robots and is due to open at the University of Southern California this fall. It was created by CEO Benson Tsai, Brian Langone and James Wahawisan, three former SpaceX engineers.
The concept is designed to reduce the cost of labor and real estate while providing high quality food to consumers. The pizza truck can make 420 pizzas a day, with a single pizza taking less than five minutes, and deliver them to your doorstep.
“What we’re trying to do is very difficult, I needed to recruit the best and the brightest to develop a mobile pizza maker that’s basically a spaceship on wheels,” said Tsai“I can’t even count the number of pizzas.”
Rapper, producer and entrepreneur Jay Z has entered the Series A funding round with his venture capital firm Marcy Venture Partners. Stellar Pizza previously raised $9 million in fundraising led by Root Ventures, with participation from Crosslink Capital and Collaborative Fund.
MVP invests in diversity
This is just one of many investments Jay Z has made through MVP, which he co-founded in 2019 with Jay Brown and Larry Marcus; the firm specializes in funding diverse or Black-owned businesses, and many of them include futuristic technologies.
He has made 42 investments so far, including with Savage X Fenty and Rihanna’s Therabody, a wellness tech company, and 23 of them fall under “Diversity Investments.”
In 2021, Jay Z put his money behind Bitski, a San Francisco-based NFT startup, and sLabs, a tech incubator that focuses on metaverse and blockchain-based products, led by Ghanaian technologist Iddris Sandu, 24 years.
According to Crunchbase, MVP has raised a total of $422.1 million in funds.
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