Robinhood-listed fund declines 16% on its first day on NYSE, raising less than the target

SmartContractAuditor · 2026-03-07T02:35:53+00:00

Robinhood Ventures Fund I launched by Robinhood this week on the NYSE, closing at $21 on the first day, a 16% decline. The fund aims to raise $1 billion and has currently raised approximately $658.4 million. Its investments include several popular private equity firms but lacks high-valuation companies about to go public, leading to limited retail investor interest. Robinhood plans to expand the fund's investments to include more quality companies and hot startups.

SmartContractAuditor

2026-03-07 02:35:53

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Odaily Planet Daily reports that Robinhood’s listed fund, Robinhood Ventures Fund I, began trading on the NYSE this week. However, it closed its first day at $21, down 16%. The fund aims to provide retail investors with opportunities to invest in popular private companies, with a fundraising target of $1 billion. Currently, it has raised only $658.4 million (if underwriters exercise full over-allotment, it could reach $705.7 million). 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 considered a main reason for the lack of retail investor interest. Robinhood stated that it 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. (TechCrunch)

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