Robinhood Ventures Fund Invests in Stripe and ElevenLabs

Robinhood Ventures Fund I has invested over $34 million in payments leader Stripe and AI audio innovator ElevenLabs. The fund, trading under the ticker RVI, acquired $14.6 million worth of Stripe stock and nearly $20 million in ElevenLabs' Series D preferred stock.

Sarah Pinto, President of Robinhood Ventures Fund I, stated, “We’re excited to add Stripe and ElevenLabs to RVI and offer retail investors access to these frontier companies.”

Stripe, founded in 2010, offers financial services to businesses globally. ElevenLabs, established in 2022, specializes in AI-powered audio technology.

RVI started trading on the NYSE on March 6, providing a new pathway for retail investors to access high-growth private tech companies.