Gate News Report, March 7 — According to TechCrunch, Robinhood’s listed fund Robinhood Ventures Fund I had its first trading on the NYSE this week, closing at $21 on its first day, down 16%. The fund aims to provide retail investors with opportunities to invest in popular private companies, with a fundraising target of $1 billion. Currently, it has raised $658.4 million (potentially up to $705.7 million if underwriters exercise full over-allotment options). The fund’s holdings include companies like Databricks, Stripe, Mercor, Oura, Ramp, Airwallex, and Revolut, but it lacks exposure to highly anticipated IPOs such as OpenAI, Anthropic, and SpaceX, which is seen as a main reason for insufficient retail interest. Robinhood stated that it plans to expand the fund to include 15-20 high-quality late-stage growth companies and is actively seeking to add equity stakes in hot startups like OpenAI.
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