"Just two months after listing its first venture fund on the stock market, Robinhood is preparing to launch a second. The company has filed a confidential registration for RVII, a standard regulatory step that allows it to work through the approval process before making details public."
"Unlike its first fund, which currently holds stakes in 10 late-stage companies - Airwallex, Boom, Databricks, ElevenLabs, Mercor, OpenAI, Oura, Ramp, Revolut, and Stripe - RVII will cast a wider net, investing in growth-stage and early-stage startups. It's a meaningful distinction, given that early-stage startups are younger and carry more risk but also offer the potential for greater returns."
"For its inaugural fund, Robinhood sought to raise $1 billion but ultimately fell several hundred million short of that goal. Despite the shortfall, the first fund has performed strongly. RVI - the ticker for Robinhood's first fund, which trades on the NYSE (New York Stock Exchange) - debuting on the NYSE at $21 a share in early March and has since more than doubled, closing on Monday at $43.69."
"Under federal rules, only "accredited" investors - those with a net worth exceeding $1 million or annual income above $200,000 - can put money into private companies. That has historically locked ordinary investors out of the earliest and most lucrative stages of a company's growth. RVI and now RVII, are designed to change that, letting anyone invest in a portfolio of private startups through a regular brokerage account."
Robinhood is preparing to launch a second venture fund, RVII, after filing a confidential registration to complete regulatory approval before public disclosure. The first fund, RVI, holds stakes in 10 late-stage companies, while RVII will invest across growth-stage and early-stage startups, which are younger, riskier, and potentially offer higher returns. Robinhood has not set a fundraising target for RVII. The inaugural fund debuted on the NYSE at $21 per share and has more than doubled, closing at $43.69, supported by market enthusiasm for AI-related prospects among its underlying companies. Both funds aim to broaden access to startup investing by allowing investment through regular brokerage accounts without accreditation requirements.
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