Robinhood’s venture arm just wrote a $25 million check for Canva stock. For a company best known for democratizing stock trading, the move represents a quieter but arguably more ambitious project: democratizing venture capital itself.
Robinhood Ventures Fund I, trading on the NYSE under the ticker RVI, purchased approximately $25 million worth of Canva’s Class A Common Stock on June 24. The Australian-born design platform, which now serves over 250 million users, becomes the latest addition to a portfolio that’s clearly betting big on AI-powered technology companies.
What RVI is actually building
RVI is structured as a non-diversified closed-end fund. In English: it’s a publicly traded vehicle that holds private-market investments, meaning anyone with a brokerage account can buy shares on the NYSE. The underlying holdings, companies like Canva, remain illiquid. But the fund shares themselves trade freely, giving retail investors a liquid way to access traditionally illiquid bets.
The Canva position isn’t RVI’s first rodeo. The fund previously invested $75 million in OpenAI, the company behind ChatGPT. Two investments. $100 million deployed between them. Both in AI-forward companies with massive user bases and global reach.
