Robinhood Launches $1 Billion Private Markets Fund for Retail Investors

Robinhood Ventures Fund I aims to open up private company investing to everyday investors

Published on Feb. 24, 2026

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Robinhood Markets has launched Robinhood Ventures Fund I (RVI), a $1 billion closed-end fund that will give retail investors access to invest in a portfolio of high-growth private "Frontier Companies" operating at the forefront of their industries. The fund, which has filed to go public on the NYSE, removes many of the traditional barriers that have kept everyday investors out of private markets, including no accreditation requirements, investment minimums, or performance fees.

Why it matters

This initiative by Robinhood represents a major step in democratizing access to private markets, which have historically been dominated by institutional investors and the ultra-wealthy. By making private company investing more accessible to the masses, Robinhood aims to correct a longstanding inequity in finance and give regular investors a seat at the table alongside institutions.

The details

RVI will hold a concentrated portfolio of private "Frontier Companies" including Airwallex, Boom Supersonic, Databricks, Mercor, Oura, Ramp, and Revolut, with plans to add more over time including an agreement to purchase Stripe shares after its IPO. The fund may also use modest leverage to enhance returns. Robinhood is selling 5 million of its own RVI shares as part of the $1 billion offering, with the remaining 35 million shares issued by the fund itself. Robinhood customers can already submit requests for IPO shares directly in the app, and the fund is expected to begin trading on the NYSE in late February 2026.

  • Robinhood released the replay of the RVI roadshow kickoff on February 17, 2026.
  • The RVI IPO is expected to begin trading on the NYSE in late February 2026.

The players

Robinhood Markets

A financial services company that operates a mobile app and website that allows consumers to invest in stocks, ETFs, and cryptocurrencies.

Vlad Tenev

CEO of Robinhood Markets.

Shiv Verma

CFO of Robinhood Markets.

Sarah Pinto

President of Robinhood Ventures Fund I.

Robinhood Ventures Fund I

A closed-end fund launched by Robinhood that will invest in a portfolio of high-growth private "Frontier Companies".

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What they’re saying

“Opening private markets will correct one of the longest-standing inequities in finance, finally giving regular investors a seat at the table alongside institutions and the ultra-wealthy.”

— Vlad Tenev, CEO, Robinhood Markets (Robinhood)

What’s next

Robinhood customers can already submit requests for IPO shares of Robinhood Ventures Fund I directly in the Robinhood app, and the fund is expected to begin trading on the NYSE in late February 2026.

The takeaway

Robinhood's launch of Robinhood Ventures Fund I represents a significant milestone in the democratization of private markets, providing everyday retail investors with unprecedented access to invest in high-growth private companies. This initiative has the potential to reshape the landscape of investment opportunities available to the masses.