Robinhood Has Filed Application for Second Public Venture Fund, RVII
Robinhood has filed for the public offering of its second venture capital fund, RVII, approximately two months after the listing of its first fund, RVI. Robinhood stated that RVII’s fundraising target has not yet been determined; RVI previously targeted $1 billion but raised less than that amount. Public records indicate that RVI holds stakes in 10 private companies, including OpenAI, Stripe, Databricks, and Revolut. Robinhood noted that both funds enable retail investors to purchase publicly traded shares linked to portfolios of private startups through standard brokerage accounts.
