Robinhood’s venture capital arm just pulled off its second IPO in less than six months. Robinhood Ventures Fund II priced 8 million common shares at $25 each on August 13, 2026, raising $200M in a deal that will see shares trade on the New York Stock Exchange under the ticker RVII.
The base raise is $200M, but with underwriter options factored in, the total capital could stretch to somewhere between $225.5M and $255.5M. That’s a meaningful war chest for a fund whose primary mandate is buying stakes in startups most retail investors could never touch.
Venture capital, but make it public
RVII is structured as a closed-end business development company, or BDC. Think of it as a wrapper that lets a venture fund trade on a stock exchange like any other ticker, meaning your average brokerage account holder can buy in without being an accredited investor.
The fund’s focus is on early-stage private companies, with a particular emphasis on startups that have gone through Y Combinator. YC has produced companies like Airbnb, Stripe, and DoorDash over the years.
