Robinhood Ventures Fund Adds Stripe and ElevenLabs to Growing Portfolio
The exchange-traded venture fund Robinhood Ventures Fund I (RVI) has expanded its portfolio to include two prominent technology companies. As the fund announced, stakes have been acquired in the payment services provider Stripe and the AI audio company ElevenLabs. This brings the fund’s portfolio to a total of nine companies.
The New Investments in Detail
On March 9, 2026, RVI acquired shares worth approximately $14.6 million in Stripe Global Holdings Inc. in the form of Class B common shares, purchased via secondary transactions. Stripe was founded in 2010, is headquartered in South San Francisco and Dublin, and offers businesses of all sizes solutions for payment processing, revenue management, and financial operations.
Three days later, on March 12, 2026, the fund invested just under $20 million in ElevenLabs as part of a primary Series D funding round. Founded in 2022 in London, the company develops AI-powered audio and voice technologies and operates three platforms: ElevenAgents for deploying voice and chat agents, ElevenCreative for generating speech, music, and video in over 70 languages, and ElevenAPI for developers.
“We are excited to add Stripe and ElevenLabs to the Robinhood Ventures Fund I, and are proud to provide retail investors with access to these forward-looking companies. They are shaping the future of fintech and AI and reflect RVI’s focus on investing in innovative companies that are at the forefront of their industries.” Sarah Pinto, President of the Robinhood Ventures Fund I
Background: What Is the Robinhood Ventures Fund I?
RVI is a fund that has been traded on the New York Stock Exchange (NYSE) under the ticker RVI since March 6, 2026. Assets under management total approximately $475 million.
The fund is managed by Robinhood Ventures DE, LLC, a wholly owned subsidiary of Robinhood Markets, Inc., which was founded in August 2025 and is registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser.
The Current Portfolio
Following the most recent acquisitions, the RVI portfolio comprises the following nine companies:
- Stripe (payment services)
- ElevenLabs (AI audio technology)
- Databricks (data analytics)
- Revolut (fintech)
- Airwallex (fintech)
- Ramp (fintech)
- Oura (health technology)
- Boom (aviation)
- Mercor (AI-powered recruiting)
Advantages of the Fund
Access for Retail Investors
Perhaps the greatest advantage of RVI is its accessibility. Investments in private equity vehicles in the United States have until now been largely reserved for accredited investors — that is, institutional investors or high-net-worth individuals. RVI imposes no accreditation requirements and has no minimum investment. Investors can simply buy and sell shares through a broker or trading platform.
Transparency and Fee Structure
The fund regularly publishes a holdings register, allowing investors to track at any time which companies are being invested in. The annual management fee amounts to 2 percent of assets under management. No performance-based carried interest is charged, which distinguishes the fund from traditional private equity vehicles that typically also retain 20 percent of generated profits.
Disadvantages and Risks
Valuation Issues
The valuations of the private portfolio companies are updated only infrequently. As a result, the fund’s market price can deviate significantly from the actual net asset value (NAV). Investors therefore cannot determine with certainty whether they are buying or selling at a fair price.
Liquidity Risk
The fund may invest up to 100 percent of its assets in illiquid holdings. Since these are stakes in privately held companies, they cannot be sold at short notice when liquidity is needed or market conditions change.
Concentration and Sector Risk
With currently nine holdings, the portfolio is comparatively concentrated. Furthermore, nearly all investments are in the technology sector, which increases the risk of insufficient diversification. A downturn in the tech industry would therefore hit the fund correspondingly hard.
Limited Experience of the Management Company
Robinhood Ventures DE, LLC was only founded in August 2025 and does not have a long-standing investment track record. A reliable performance history that could serve as a reference point for investors therefore does not yet exist.
Context: A Market in Transition
RVI represents a broader trend in the financial industry toward making private equity investments more accessible to retail investors. In Europe, Trade Republic has been pursuing a similar approach since September 2025, enabling its users to invest in tech unicorns through partnerships with the investment firms Apollo and EQT. The German startup NAO also offers comparable products.
