Robinhood Ventures Fund I raises less than target, drops 16% on first day

2026-03-07 02:15:15

Abstract generation in progress

Deep Tide TechFlow News, March 7th, according to TechCrunch, Robinhood’s venture fund Robinhood Ventures Fund I debuted on the NYSE this week. It closed at $21 on its first day, down 16%. The fund aims to open investment opportunities in popular private companies to retail investors, with a target raise of $1 billion. Currently, it has raised only $658.4 million (potentially up to $705.7 million if underwriters exercise full over-allotment).

The fund’s holdings include companies like Databricks, Stripe, Mercor, Oura, Ramp, Airwallex, and Revolut. However, it lacks exposure to highly anticipated upcoming IPOs with high valuations, such as OpenAI, Anthropic, and SpaceX, which is seen as a main reason for limited retail interest. Robinhood stated plans to expand the fund to include 15-20 high-quality late-stage growth companies and is actively seeking to add equity stakes in hot startups like OpenAI.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.