New interview with professional investor Cathie Wood out now. Watch the interview.

Private market access is here

Robinhood Ventures Fund I (RVI) is here. Explore some of the 
portfolio companies, learn more about their stories, and get a deeper look into the fund.

New Investments

Allocations will be reported next quarter.

Fund I Breakdown

$25.02 NAV as of Jun 30, 2026.*

Fund 1 Breakdown

*Total may not equal 100% due to rounding. Holdings subject to change.

Daily Trading

Daily trading

RVI is listed on the NYSE, so you can buy and sell it during market hours—just like a stock or ETF.
Allocations will be reported next quarter.

No accreditation requirements

Anyone can invest. And on Robinhood, you can invest with as little as $1.
No performance-based fees

No performance-based fees

Investment profits aren’t shared with a 
fund manager—so more of your returns
stay yours.

Get to know some of the companies

Every organization has a story.

Learn about some of the portfolio companies straight from their leaders.

The speakers are not employed by or affiliated with Robinhood Markets, Inc., its subsidiaries, or RVI (“Robinhood”). Views are their own and do not necessarily reflect those of Robinhood.

OpenAI

OpenAI

CFO Sarah Friar
Databricks

Databricks

Co-Founder & CEO Ali Ghodsi
Mercor

Mercor

Founder & CEO Brendan Foody
Ramp

Ramp

Co-Founder & CEO Eric Glyman
Airwallex

Airwallex

Co-Founder & CEO Jack Zhang
Boom

Boom

Founder & CEO Blake Scholl
Oura

Oura

CEO Tom Hale

Conversations with professional investors

Watch these institutional sit-downs, and hear the fund management answer questions from investors.

Cathie Wood

Cathie Wood

Fund management takes questions from professional investor Cathie Wood.
us-ventures-fund1-card-brad

Brad Gerstner

Fund management takes questions from professional investor Brad Gerstner.
Bill Ackman

Bill Ackman

Fund management takes questions from professional investor Bill Ackman.
Fund I Roadshow

Fund I Roadshow

Live streamed on Feb 17, 2026—Robinhood Chairman & CEO 
Vlad Tenev and fund management took us through Fund I, spoke on strategy, and highlighted some of the portfolio companies.

Learn More About Robinhood Ventures Fund I

What is a closed-end fund?

A closed-end fund is an investment company that is registered under the Investment Company Act of 1940. A closed-end fund does not offer investors redemption rights and can invest up to 100% of its assets in illiquid investments. RVI plans to list on a national securities exchange to provide investors with the ability to trade shares of the fund.

What will RVI invest in?

RVI’s investment program focuses on a concentrated portfolio of private companies at the frontiers of their respective industries. RVI holds investments for the long term through the initial public offering (IPO) and beyond, and seeks to invest across a number of sectors.

Will I know what companies RVI invests in?

Yes. RVI provides the public with periodic disclosures, including a schedule of investments that shows the name of each issuer in which RVI has invested.

Do I need to be an “accredited investor” to invest in RVI?

No. You do not need to be an accredited investor.

Who manages RVI’s investments?

RVI’s investments are managed by Robinhood Ventures DE, LLC, which is registered as an investment adviser with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940. Robinhood Ventures DE, LLC was formed in August 2025, has limited investing history and is a wholly owned subsidiary of Robinhood Markets, Inc.

Forward-Looking Statements

This communication includes “forward looking statements,” including with respect to RVI’s current and prospective portfolio investments. These statements include statements about RVI’s investment objectives, RVI’s intent to hold a concentrated portfolio of private companies at the frontiers of their respective industries, RVI’s intent to hold these companies for the long term, whether any of RVI’s portfolio companies will themselves conduct an IPO, and other forward-looking statements. You can sometimes identify forward-looking statements through the use of words or phrases such as “will” or “expect” and similar words and expressions of the future. 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.

All investments involve risk and loss of principal is possible.

Robinhood Ventures DE, LLC ("Robinhood Ventures" or "RHV") is an investment advisor that provides advisory services to investment funds.

Funds managed by RHV may not be suitable for all investors. An investment in a fund managed by RHV is speculative and involves a high degree of risk with substantial risk of loss. RHV's funds pursue strategies focused on private investments, and such funds' investments in private companies may be subject to higher risk than investments in securities of public companies. This strategy entails limited information, illiquidity, valuation uncertainty, and risk of loss; shares and the value of a fund's Net Assets may be volatile and shares may trade at a discount or premium, and exposures may be via illiquid private vehicles with capital calls and extra fees. RHV's funds may use leverage, may have limited operating history, and may not pay dividends on a quarterly basis or become predictable distributors of dividends, all of which can reduce or delay returns. There is no assurance that the private companies in which RHV's funds invest will ever have a liquidity event.

Investors should consider the investment objectives, risks, and charges and expenses of any closed-end fund (including business development companies, or “BDCs”) carefully before investing. Each fund's prospectus contains this and other information about the fund and should be read carefully before investing.

Closed-end funds (including BDCs) differ from open-end funds in that they do not redeem their shares at the request of an investor. No shareholder has the right to require a fund to redeem his, her, or its shares. While a fund's shares may be listed on an exchange, an active public market for the shares may not develop. As a result, shareholders may not be able to liquidate their investment. Accordingly, shareholders should consider that they may not have access to the funds they invest in a fund managed by RHV for an indefinite period of time.

The net asset value (“NAV”) for a fund is calculated by dividing the total net assets of the fund by the total number of shares. Investors in closed-end funds (including business development companies) purchase shares on an exchange at the market price, which may be different from the NAV.

Robinhood and its affiliates generally earn more money from affiliated funds than from unaffiliated funds. In addition, Robinhood holds interests in funds managed by RHV and therefore has exposure to their market prices.

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Robinhood, 85 Willow Road, Menlo Park, CA 94025. © 2026 Robinhood. All rights reserved.
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All investments involve risk and loss of principal is possible.

Robinhood Ventures DE, LLC ("Robinhood Ventures" or "RHV") is an investment advisor that provides advisory services to investment funds.

Funds managed by RHV may not be suitable for all investors. An investment in a fund managed by RHV is speculative and involves a high degree of risk with substantial risk of loss. RHV's funds pursue strategies focused on private investments, and such funds' investments in private companies may be subject to higher risk than investments in securities of public companies. This strategy entails limited information, illiquidity, valuation uncertainty, and risk of loss; shares and the value of a fund's Net Assets may be volatile and shares may trade at a discount or premium, and exposures may be via illiquid private vehicles with capital calls and extra fees. RHV's funds may use leverage, may have limited operating history, and may not pay dividends on a quarterly basis or become predictable distributors of dividends, all of which can reduce or delay returns. There is no assurance that the private companies in which RHV's funds invest will ever have a liquidity event.

Investors should consider the investment objectives, risks, and charges and expenses of any closed-end fund (including business development companies, or “BDCs”) carefully before investing. Each fund's prospectus contains this and other information about the fund and should be read carefully before investing.

Closed-end funds (including BDCs) differ from open-end funds in that they do not redeem their shares at the request of an investor. No shareholder has the right to require a fund to redeem his, her, or its shares. While a fund's shares may be listed on an exchange, an active public market for the shares may not develop. As a result, shareholders may not be able to liquidate their investment. Accordingly, shareholders should consider that they may not have access to the funds they invest in a fund managed by RHV for an indefinite period of time.

The net asset value (“NAV”) for a fund is calculated by dividing the total net assets of the fund by the total number of shares. Investors in closed-end funds (including business development companies) purchase shares on an exchange at the market price, which may be different from the NAV.

Robinhood and its affiliates generally earn more money from affiliated funds than from unaffiliated funds. In addition, Robinhood holds interests in funds managed by RHV and therefore has exposure to their market prices.

RO 5792113

Robinhood, 85 Willow Road, Menlo Park, CA 94025. © 2026 Robinhood. All rights reserved.