According to TechCrunch, Robinhood confidentially filed to launch RVII, its second publicly traded venture fund, about two months after listing RVI. The fund aims to expand Robinhood’s investment strategy from late-stage deals into growth and early-stage startups. RVII’s fundraising target has not been set, while RVI sought $1 billion and raised several hundred million dollars less. RVI debuted on the New York Stock Exchange at $21 per share in early March and closed at $43.69 on May 11, holding stakes in 10 private companies including OpenAI, Stripe, Databricks, and Revolut.
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