Robinhood has filed for the offering of its second publicly traded venture fund, RVII, approximately two months after the listing of its first fund, RVI. Robinhood stated that the fundraising target for RVII has not yet been determined; RVI had initially aimed to raise $1 billion but ultimately raised less than that amount. Records show that RVI holds stakes in ten private companies, including OpenAI, Stripe, Databricks, and Revolut. Robinhood said that both funds enable retail investors to purchase publicly traded shares linked to a portfolio of private startup investments through standard brokerage accounts.
Robinhood Files for Second Public Venture Fund RVII
TechFlowShare
Summary
Robinhood has filed for its second public venture fund, RVII, following the public listing of RVI in late 2023. The firm has not set a fundraising target for RVII, whereas RVI initially aimed to raise $1 billion. RVI holds stakes in 10 private companies, including OpenAI and Stripe. Retail investors can use TA for crypto and apply support and resistance levels to trade shares linked to these startup portfolios through standard brokerage accounts.
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