Robinhood’s new venture fund, Robinhood Ventures Fund I (RVI), has acquired stakes in Stripe and ElevenLabs, marking its first disclosed investments since launching earlier this month.
The fund, which trades on the New York Stock Exchange, allows retail investors to buy and sell shares like traditional stocks, offering exposure to private companies typically accessible only to institutional investors. RVI invested $14.6 million in Stripe and $20 million in ElevenLabs preferred stock in March.
Stripe, a payments and financial software company, and ElevenLabs, an AI firm focused on voice and audio technology, are part of a growing portfolio that includes Databricks, Revolut, Ramp, and Oura.
Robinhood aims to democratize access to private markets, where over $10 trillion in assets now reside, as public listings have declined in the U.S. The fund does not require accreditation or charge performance fees, lowering barriers for everyday investors.
