Oct 23, 2026
Robinhood Ventures Fund I (RVI) Invests in Cognition
Today, Robinhood Ventures Fund I (NYSE: RVI) announced it has closed investments in Cognition worth approximately $10 million in total.
“We believe Cognition is changing how software gets built, with Devin becoming an increasingly essential tool for engineering teams everywhere,” said Sarah Pinto, President of Robinhood Ventures Fund I. “Cognition is one of the defining companies of the AI-driven software era, and it represents the type of company retail investors should have access to through RVI.”
Robinhood was built on the belief that access to financial markets shouldn't be reserved for institutions and the wealthy. Today, that mission extends to RVI, which aims to give retail investors exposure to private markets through a concentrated portfolio of frontier companies.
About Cognition
Cognition was founded in 2024 and builds Devin, the first autonomous software engineer. Devin plans, writes, tests, and ships production code on its own. Agents take on repetitive engineering work, so engineers can work more like architects: setting strategy, designing systems, and solving hard problems. Devin is deployed at some of the largest and most complex institutions in the world, including Goldman Sachs, Citi, Wayfair, Mercedes Benz, and Nubank. Recently, Cognition crossed $1B in annualized revenue run rate.
About Robinhood Ventures Fund I
Robinhood Ventures Fund I, which is the first fund from Robinhood Ventures, began trading on the New York Stock Exchange (NYSE) on March 6, 2026, under the symbol RVI.
RVI is a closed-end fund that provides investors exposure to a concentrated portfolio of primarily private companies, with additional companies expected to be added over time.
Unlike many traditional private market vehicles, RVI is designed to be accessible to retail investors, with no accreditation requirements, no investment minimums, a competitive management fee, and no performance fees.
RVI uses the “Announcements” section of the RVI website (accessible at https://robinhood.com/us/en/ventures/rvi/) and the Robinhood Newsroom (accessible at newsroom.aboutrobinhood.com), as a means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the SEC Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to RVI’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information.
Disclosures:
An investment in Robinhood Ventures Fund I is speculative and involves a high degree of risk with substantial risk of loss. A “Frontier Company” means a private company that, in the Adviser’s view, is a best-in-class, growing business operating at the cutting edge of its sector or industry. A company is “best-in-class” if the Adviser believes it has one or more competitive advantages relative to other companies in its sector.
Robinhood Ventures is the investment adviser for RVI. Robinhood Ventures is the dba name for Robinhood Ventures DE, LLC. Robinhood Ventures is an SEC-registered investment adviser and a wholly owned subsidiary of Robinhood Markets, Inc. Robinhood Markets, Inc. holds interests in RVI and therefore has exposure to RVI's market price.
Forward-Looking Statements
This communication includes “forward-looking statements,” including statements regarding beliefs that Cognition is changing how software gets built, that Devin is becoming an increasingly essential tool for engineering teams everywhere, that Cognition is one of the defining companies of the AI-driven software era and represents the type of company retail investors should have access to through RVI, RVI’s aim to give retail investors exposure to private markets through a concentrated portfolio of frontier companies, the potential addition of portfolio companies to RVI over time, and RVI’s objectives to expand access to private markets. Forward-looking statements involve known and unknown risks, uncertainties and assumptions, including the risks outlined under “Risks” in the prospectus and elsewhere in RVI’s filings with the SEC, which may cause actual results to differ materially from any results expressed or implied by any forward-looking statement. RVI and Robinhood have no obligation, and do not undertake any obligation, to update or revise any forward-looking statement made in this communication to reflect changes since the date of this communication, except as required by law.
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