Robinhood is launching a publicly traded fund that invests in Y Combinator startups. Anyone can buy shares.

Robinhood's Second Venture Fund Targets Y Combinator Startups in $200 Million IPO | The Defiant

Robinhood launches Ventures Fund II ($200M) in Y Combinator seeds without accreditation requirements, opening pre-IPO equity to retail investors. This democratizes venture access, signaling that early-stage portfolio building is moving from institutional-only to mainstream for tech decision-makers.