Robinhood Ventures Fund I

RVI

Market cap $981M

Robinhood's first fund designed to expand retail investors' access to private markets has drawn 150,000 retail investors, Robinhood CEO Vlad Tenev said Tuesday (May 5).

Robinhood CEO Vlad Tenev is touting the success of the fintech's new Ventures Fund I, which allows retail investors to invest in private tech companies like Stripe, Oura, Databricks, OpenAI, and others, through a publicly-traded fund listed on the NYSE. “We had something like over 150,000 retail investors participate in the IPO, so it's quite democratized,” noted Tenev, in an interview at The Wall Street Journal's “Future of Everything” conference this week.

Robinhood Ventures Fund said it has purchased roughly $75 million in OpenAI common stock. “OpenAI is one of the frontier artificial intelligence companies, and we are incredibly proud to add them to the Fund,” Sarah Pinto, Robinhood Ventures' (RVI) president, said in a Wednesday (April 22) news release.

This is a developing story.

Robinhood's proprietary investment vehicle for retail investors has taken a small stake in privately held OpenAI, the trading company announced on Wednesday. The Robinhood Ventures Fund I (RVI), which offers investors exposure to private technology companies, invested $75 million in the artificial intelligence firm.

Robinhood ​Ventures ‌Fund ​I ​said on ⁠Wednesday ​it ​has closed ​a $75 ​million investment ‌in ⁠ChatGPT ​maker ​OpenAI.

Robinhood's proprietary investment vehicle has taken a $75 million stake in OpenAI, the trading company announced Wednesday.

MENLO PARK, Calif., April 22, 2026 (GLOBE NEWSWIRE) -- Today,  Robinhood Ventures Fund I (NYSE: RVI) announced it has closed an investment in OpenAI.

MENLO PARK, Calif., March 17, 2026 (GLOBE NEWSWIRE) -- Today, Robinhood Ventures Fund I (NYSE: RVI) announced it has closed investments in Stripe and ElevenLabs. Robinhood Ventures Fund I, which is the first fund from Robinhood Ventures, began trading on the New York Stock Exchange (NYSE) on March 6, 2026 under the symbol RVI.

Robinhood has launched a venture-focused closed-end fund, Robinhood Ventures Fund I (RVI), marking its expansion into asset management. A new credit product was also launched. The CEF is highly concentrated, with Databricks (23.34%), Revolut (14.30%), and Mercor (14.23%) as its largest holdings. RVI maintains a notably high 20% cash position Valuation concerns arise around Revolut, given the fintech peers' sharp public market declines on recent public debuts, making its $75 billion valuation appear stretched.