Stripe Gains Boost from Robinhood Ventures

Robinhood Ventures Fund I Invests in Stripe and ElevenLabs

• Robinhood Ventures Fund I, trading under the ticker RVI, invested over $34 million in two deals.
• The fund acquired approximately $14.6 million of Stripe Global Holdings Class B common stock on March 9.
• On March 12, RVI committed nearly $20 million to ElevenLabs’ Series D preferred stock.
• RVI began trading on the NYSE on March 6, offering retail investors access to high-growth private technology companies.
• The closed-end fund structure allows public trading while focusing on pre-IPO ventures.

Robinhood Ventures Fund I’s recent investments in Stripe and ElevenLabs highlight its focus on fintech and AI innovation, committing over $34 million across these sectors. The fund’s structure enables retail investors to engage with private tech companies through public exchanges.