Aug. 14 at 12:37 AM
Robinhood launched its second venture capital fund, giving retail investors access to early- and growth-stage startups traditionally reserved for venture capital firms and wealthy investors. The Robinhood Ventures Fund II raised
$225.5M in its public offering and will invest primarily in current and former Y Combinator companies.
Y Combinator has funded more than 5,000 companies with a combined valuation exceeding
$1T, including Coinbase, Reddit and OpenAI. RVII listed on the NYSE after pricing 8M shares at
$25 each, following Robinhood’s launch of its first venture fund in March, which focuses on later-stage startups.
The move comes as private companies remain unlisted longer and raise increasingly large amounts of capital before IPOs, creating growing demand for retail access to private markets. Robinhood has expanded beyond commission-free trading into a broader financial-services platform, including retirement accounts and premium credit products.
$HOOD $RVI