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Jay Z & Will Smith invested in Hipcamp, the Airbnb for camping

Jay Z has been on a role, locking…

Jay Z has been on a role, locking down deals and showing off his entrepreneur side of his career. Just recently, him and Will Smith decided to expand their territory in the camping industry.

They both did this by investing in Hipcamp, an app that refers to itself as “the Airbnb of camping.” This startup officially announced its $25 million Series B funding on July 24, according to Bussiness Passionates.

Led by Andreesseb Horowitz, the Series B funding had valued the company at $120 million, and the startup has raised $41.6 million in funding since 2013. Hipcamp’s primary mission is to get more people to experience and stay outdoors.

In other news, Jay-Z made his last business deal, becoming part owner of an NFL team that’s has not been revealed yet. This deal has cause a lot of controversy because of his previous statements that damned the NFL. Read more about it here.

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