Jay-Z Invests 16.5 Million Into Robot-Powered Restaurant Stellar Pizza
Stellar Pizza, a soon-to-launch mobile pizza restaurant that we highlighted last year, has just announced a $16.5 million Series A financing round. This latest round is receiving a massive investment from rapper and business mogul Jay-Z’s venture capital firm, Marcy Venture Partners.
Marcy Venture Partners has previously invested in major consumer brands like Savage x Fenty and Therabody, so this speaks to the potential of Stellar Pizza’s innovative approach to pizza delivery. This is the start-up’s largest investment yet, as it has received a total of $9 million from fundraising rounds in the past, led by Root Ventures with participation from Crosslink Capital and Collaborative Fund.
Ahead of its launch at the University of California this fall, the company will use the funding to make strategic internal investments under the direction of former SpaceX engineer and CEO Benson Tsai. Following its initial launch, the plan is to expand to additional college campuses.
Stellar Pizza is an automated, robotic pizza truck that delivers directly to customers. Beyond delicious and high-quality pizza, the goal is to remove the need for expensive real estate while reducing the cost of labor. The Stellar truck has the capacity to make 420 pizzas, while a single pizza takes less than five minutes to prepare.
For more information on its launch date and where to find the truck you can visit their website.
