This just might be the best summer of Nas’ life.
After releasing his new album NASIR on G.O.O.D Music, the Queens native pharmacy startup was purchased by Amazon. The online pharmacy PillPack was purchased for $1 billion dollars.
Queensbridge Venture Partners, the rapper’s venture capital firm, was an early backer of the Boston-based firm, along with VC heavyweights like Accel and Sherpa Capital. The sale will net the startup’s two co-founders around $100 million each, according to the Chicago Tribune. The size of Queensbridge’s stake is unclear, but it’s likely Nas is walking away with a solid chunk of money.
PillPack’s pitch is to streamline access to medications. The company fulfills drug prescriptions with front door-shipping, while managing the payment and refill process with automated software. The acquisition boosts Amazon’s growing efforts to expand into the health care market.
QVP, founded in 2014, previously invested in a cloud-based mastering company, a cricket protein bar manufacturer and a “smart doorbell” startup, among other ventures.