Robinhood-listed fund RVI drops about 16% on its first day of trading, fundraising progress below expectations

CoinNetwork · 2026-03-07T02:22:53+00:00

Robinhood's listed fund, Robinhood Ventures Fund I, fell 16% on its first day of trading on the NYSE, raising only $658.4 million. The lack of exposure to high-valuation publicly traded companies is believed to be a reason for insufficient retail investor interest. The fund plans to expand to include more quality companies.

CoinNetwork

2026-03-07 02:22:53

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Crypto World News, March 7 — According to TechCrunch, Robinhood’s IPO fund, Robinhood Ventures Fund I, began trading on the NYSE this week. Its first day closed at $21, down 16%. The fund aims to provide retail investors access to investment opportunities in popular private companies, with a target raise of $1 billion. Currently, it has raised only $658.4 million (potentially up to $705.7 million if underwriters exercise full over-allotment). According to Crypto World News, the fund’s holdings include companies like Databricks, Stripe, Mercor, Oura, Ramp, Airwallex, and Revolut, but it lacks exposure to highly anticipated upcoming IPOs with high valuations (such as OpenAI, Anthropic, SpaceX), which is seen as a main reason for limited retail interest. Robinhood stated plans to expand the fund to include 15-20 late-stage growth companies and is actively seeking to add equity stakes in hot startups like OpenAI.

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