Robinhood just made it a little easier for regular people to invest like venture capitalists. The company’s second private markets fund, Robinhood Ventures Fund II, started trading on the New York Stock Exchange on August 13 under the ticker RVII, priced at $25 per share.
The IPO raised $225.5 million, with the potential to reach $255.5 million if underwriters exercise their option to purchase additional shares. Goldman Sachs, J.P. Morgan, and Citigroup all served as underwriters.
What RVII actually is
The fund is structured as a business development company, or BDC. It holds stakes in 80 private companies at launch, with a particular focus on startups that have come through Y Combinator.
Robinhood Ventures Fund I, which debuted in March 2026, raised $658.4 million and concentrated on later-stage private investments, including stakes in companies like Databricks and OpenAI.
