Robinhood Launches $200 Million Fund Focused on Y Combinator Startups

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Robinhood is taking its Robinhood Ventures Fund II (RVII) public, granting retail investors access to startups backed by Y Combinator. The fund will offer 7.6 million shares at $25 each, aiming to raise $200 million, with a potential NYSE listing on August 13 (ticker: RVII). Focused on companies founded by Y Combinator alumni, RVII holds stakes in 80 private firms, leveraging on-chain trading signals to identify strategic entry points. The fund charges a 2% management fee and a 20% performance fee, with a total expense ratio of 4.18%. Investors should evaluate the risk-reward profile before participating, as the fund is speculative and offers no redemption rights. Goldman Sachs is the lead underwriter.

BlockBeats news, on August 5, Robinhood is moving forward with the listing of Robinhood Ventures Fund II (RVII), providing retail investors with access to invest in seed-stage startups from Y Combinator. The fund is issuing 7.6 million shares at $25 per share, with an expected maximum fundraising amount of $200 million, and is scheduled to list on the NYSE on August 13 (ticker: RVII), subject to regulatory approval.


Unlike Fund I, which launched in March, RVII will focus on seed-stage startups—including current or former Y Combinator incubator participants and companies founded by YC alumni. The fund holds stakes in 80 private companies, charges a 2% annual management fee and a 20% performance fee, resulting in an approximate total annual expense ratio of 4.18%. Robinhood describes its portfolio as "speculative," with a "significant risk of loss" and no redemption rights. The subscription window closes on August 12, with Goldman Sachs serving as the lead underwriter.

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