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 5 days ago
 Source: geekwire.com

Jay-Z’s VC firm invests in Seattle startup Wyze, which plans smart thermostat and video doorbell

Quick Summary

Additional interest in the round came from Marcy Venture Partners, co-founded by hip-hop star Jay-Z, Larry Marcus and Jay Brown. The firm has made prior investments in such companies as Hipcamp, Hungry, Wheels and Versed. “We resonate with their innovative and adaptive culture and vision to make smart home accessible to everyone,” Marcus said about Wyze in a news release. Seattle-based, Wyze, which was founded in 2017, has expanded beyond its initial offering of a low-cost security camera. The new funding is in addition to $10 million reported at the end of May, led by Norwest Venture Partners.

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