Robinhood’s startup fund stumbles in NYSE debutRobinhood’s startup fund stumbles in NYSE debut

Retail investors are famously locked out of the startup world. Robinhood is attempting to change that by allowing the general public to invest in a portfolio of what it calls “some of the most exciting private companies operating today.”

To do this, the company that pioneered the commission-free brokerage model has secured access to eight startups—including Databricks, Stripe, Mercor, and Oura—grouping them into a vehicle called Robinhood Ventures Fund I. The fund, which also includes Ramp, Airwallex, Revolut, and Boom, set out last month with an ambitious $1 billion target, but demand for this novel way of investing in private companies was lower than expected.

On Thursday, Robinhood announced the fund had raised $658.4 million — which could reach $705.7 million if underwriters exercise their full allotment. The shares, priced at $25 in the offering, began trading on Friday and closed the day at $21, a 16% decline.

...

https://techcrunch.com/2026/03/06/robinhoods-startup-fund-stumbles-in-nyse-debut/