Robinhood Launches $658M Private Markets Fund for Retail Investors; HOOD Shares Slip - Crypto Economy

Robinhood launched its venture capital fund Robinhood Ventures Fund I on the New York Stock Exchange under the ticker “RVI,” with a size of $658.4 million. The vehicle is designed to give retail investors access to high-profile private technology companies, a space historically reserved for institutional firms and elite venture capital funds.

The fund trades as a closed-end fund and holds stakes in companies such as Databricks, valued at $134 billion, fintech Ramp, valued at $32 billion as of November, and Revolut. Robinhood CFO Shiv Verma told Reuters that there is “a huge gap in the market where the retail customer cannot access private assets.” The offering was priced at $25 per share, with 12.6 million shares placed, raising slightly less than initially projected.

Despite the strategic significance of the launch, HOOD shares fell more than 3% during the session, trading at $77.91 against a previous close of $80.56 The stock is down 31.55% year-to-date, though it retains a gain of 72.65% over the past twelve months. Analysts set a price target of $130 for the next twelve months.

Source: https://www.reuters.com/business/finance/robinhoods-658-million-private-markets-fund-retail-investors-goes-public-2026-03-06/

Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.

This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions