Robinhood Ventures Fund II, or RVII, has listed on the New York Stock Exchange, according to Reuters, giving retail investors a way to access investments in private startup companies. The fund opened at $22.50 on the NYSE and raised about $225.5 million. Robinhood’s second venture fund is set to focus on current and former participants in Y Combinator, the startup accelerator that has backed more than 5,000 companies since 2005, including 100 unicorns. Notable Y Combinator portfolio companies include crypto exchange Coinbase, social media platform Reddit, and OpenAI, the developer of ChatGPT. The listing extends Robinhood’s push to package venture exposure into a public-market product that can be bought by ordinary investors.
Robinhood’s second venture capital fund, Robinhood Ventures Fund II (RVII), has listed on the New York Stock Exchange, according to Reuters, opening access for retail investors to invest in private startups.
RVII opened at $22.50 on the NYSE and raised about $225.5 million.
Fund focus
The second fund will target current and former participants in startup accelerator Y Combinator. Since 2005, the program has funded more than 5,000 companies, including 100 unicorns.
Well-known Y Combinator investments include crypto exchange Coinbase, social media platform Reddit, and OpenAI, the developer of ChatGPT.
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