Key Highlights
- Robinhood Ventures Fund I (RVI) completes strategic investments in Stripe and ElevenLabs
- The fund acquired approximately $14.6M in Stripe Class B Common Stock through secondary market transactions on March 9, 2026
- RVI purchased approximately $20M in ElevenLabs Series D Preferred Stock via primary transaction on March 12, 2026
- Following its IPO at $25 per share, RVI secured $658.4M and commenced NYSE trading on March 6, 2026
- The fund’s portfolio expands to nine private companies with intentions for additional acquisitions
Robinhood Ventures Fund I (RVI), the closed-end investment vehicle created by Robinhood Markets (HOOD), has finalized substantial stakes in two prominent private enterprises: Stripe (STRIP) and ElevenLabs.
On March 9, 2026, the fund acquired $14,577,645 worth of Stripe Class B Common Stock through secondary market transactions. The investment activity continued on March 12, when RVI purchased $19,999,971 in ElevenLabs Series D Preferred Stock via a primary offering.
The combined capital deployment totals approximately $34.5 million across these two highly sought-after private market opportunities.
RVI made its debut in February 2026, successfully raising approximately $658.4 million through its initial public offering at a share price of $25. Trading commenced on the New York Stock Exchange on March 6, 2026 under the RVI ticker symbol, providing everyday investors with unprecedented access to pre-IPO company portfolios.
“We’re excited to add Stripe and ElevenLabs to Robinhood Ventures Fund I and are proud to offer retail investors access to these frontier companies,” said Sarah Pinto, President of Robinhood Ventures Fund I.
New Portfolio Members: Stripe and ElevenLabs
Stripe launched in 2010 with dual headquarters in South San Francisco and Dublin. The company delivers comprehensive payments infrastructure, revenue optimization, and financial management solutions for enterprises across all scales.
ElevenLabs entered the market in 2022 from its London base. The company specializes in artificial intelligence-powered audio technology, voice synthesis, and speech processing. Its suite of products reaches millions globally through voice agent systems, content generation platforms, and developer-focused APIs.
The ElevenLabs transaction represents a primary investment, with capital flowing directly into the company’s treasury. Meanwhile, the Stripe acquisition occurred in secondary markets, where RVI purchased shares from existing stakeholders rather than the company itself.
Portfolio Reaches Nine Holdings
Following these recent acquisitions, RVI’s portfolio encompasses nine private companies. Earlier investments include notable names such as Databricks, Ramp, and Revolut.
Operating as a closed-end fund structure allows RVI to trade on public exchanges similarly to traditional equities, while maintaining a portfolio composed entirely of private company equity positions.
Robinhood positioned the fund as a mechanism for retail investors to gain exposure to companies traditionally reserved for institutional players and accredited investors with significant wealth.
RVI management has indicated plans for ongoing portfolio expansion through additional company acquisitions, though specific timeframes remain undisclosed.
The Stripe position was announced in earlier communications, while the ElevenLabs transaction received confirmation on March 17, 2026.
