NAS OWNED CAPITAL FUND SECURES ANOTHER BAG
The venture capital fund owned by Nas scored another victory on Thursday with Amazon’s announcing that it had acquired the online pharmacy PillPack for a reported $1 billion.
Queensbridge Venture Partners was an early investor in the prescription drug delivery service and participated in an early investment round that raised $8.8 million for the startup, which streamlines the prescription drug delivery process for people that require multiple daily medications and ships to all 50 states.
The acquisition marks the second time that Amazon has purchased a company that counted Queensbridge Venture Partners as an early investor. The e-commerce giant previously bought home security tech startup Ring for a reported $1.2 billion last February.
In addition to Amazon, Nas’s team has also invested in direct-to-consumer mattress company Casper, ticket reseller SeatGeek, digital media brand Genius and ride-sharing service Lyft, among other companies. The Los Angeles-based firm’s investments have ranged from healthcare to technology to cryptocurrency.