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IPO · Private Markets · Robinhood · RVI
Robinhood Markets has announced the launch of Robinhood Ventures Fund I (RVI), a closed-end investment vehicle designed to provide retail investors with access to private companies, a segment traditionally reserved for institutional and accredited participants.
The fund is slated to list on the New York Stock Exchange in the coming weeks under the ticker RVI, with an anticipated initial price of approximately $25 per share. RVI's portfolio will include stakes in companies such as Airwallex, Boom, Databricks, Oura, Ramp, and Revolut, with an agreement to also purchase shares in Stripe post-IPO.
CEO Vlad Tenev emphasized that this initiative aims to rectify long-standing inequities in capital markets by opening private investment opportunities to everyday investors. The fund will feature a 2 percent annual management fee, reduced to 1 percent for its first six months, and will offer daily liquidity once trading commences.
Robinhood highlighted the shrinking number of U.S. public companies and the substantial growth in private-market valuations as key drivers for this new offering.
Robinhood's RVI Fund Brings Private Company Stakes, Including Stripe, to Retail Investors(current)