Robinhood's second venture capital fund, RVII, hits NYSE to raise $225 million

Comparatively, according to Reuters, Robinhood's second venture capital fund, Robinhood Ventures Fund II (RVII), is listed on the New York Stock Exchange, allowing ordinary investors to participate in investing in unlisted startups. RVII opened at $22.5 on the New York Stock Exchange and raised approximately $225 million.

The second fund will focus on current and former participants in the Y Combinator startup accelerator project, which has funded more than 5,000 companies since 2005, including 100 “unicorn” companies. Y Combinator's notable investments include cryptocurrency exchange Coinbase, social media platform Reddit, and ChatGPT developer OpenAI.