Key Highlights
- Robinhood Ventures Fund I (RVI) has finalized strategic investments in Stripe and ElevenLabs
- Approximately $14.6M in Stripe Class B Common Stock was acquired through secondary market transactions on March 9, 2026
- Around $20M in ElevenLabs Series D Preferred Stock was purchased via primary transaction on March 12, 2026
- Following its NYSE debut on March 6, 2026, RVI raised $658.4M at $25 per share during its initial public offering
- The fund’s private company holdings now total nine investments with plans for continued expansion
Robinhood Ventures Fund I (RVI), the closed-end investment vehicle created by Robinhood Markets (HOOD), has finalized strategic 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. This was followed by a $19,999,971 investment in ElevenLabs Series D Preferred Stock on March 12, executed as a primary round transaction.
The combined deployment totals approximately $34.5 million across two of the most sought-after names in today’s private investment landscape.
Debuting in February 2026, RVI secured approximately $658.4 million through its initial public offering at a $25 price point per share. Trading commenced on the New York Stock Exchange under the RVI ticker on March 6, 2026 — providing everyday investors unprecedented access to pre-IPO investment opportunities.
“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.
Portfolio Additions: Stripe and ElevenLabs
Established in 2010, Stripe maintains dual headquarters in South San Francisco and Dublin. The fintech giant provides comprehensive payment processing, revenue optimization, and financial management solutions for businesses ranging from startups to enterprises.
London-based ElevenLabs, founded in 2022, specializes in cutting-edge AI audio technology, including voice synthesis and speech solutions. The platform serves millions globally through voice agent systems, content creation applications, and developer-focused APIs.
The ElevenLabs investment represents a primary transaction — capital flowing directly into the company’s operations. Conversely, the Stripe acquisition occurred in secondary markets, with RVI purchasing shares from existing stakeholders rather than the company treasury.
Building a Nine-Company Portfolio
Following these latest acquisitions, RVI’s portfolio has expanded to nine private companies. Previous investments include notable names like Databricks, Ramp, and Revolut, among other high-growth private firms.
As a closed-end fund structure, RVI trades on public exchanges similar to traditional stocks, yet its underlying holdings consist of private company equity positions — not publicly available securities.
Robinhood positioned the fund as a democratizing force, enabling retail investors to access investment opportunities traditionally reserved for institutional players and accredited investors with substantial net worth.
RVI management has indicated plans to continue expanding the portfolio with additional private company investments, though no specific acquisition timeline has been publicly disclosed.
While the Stripe investment was previously announced, the ElevenLabs transaction received official confirmation on March 17, 2026.
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