TLDR
- Robinhood Ventures Fund I (RVI) has finalized equity purchases in Stripe and ElevenLabs
- The fund acquired approximately $14.6M worth of Stripe Class B Common Stock through secondary market deals on March 9, 2026
- An additional ~$20M was invested in ElevenLabs Series D Preferred Stock via primary transaction on March 12, 2026
- Following its IPO at $25 per share, RVI secured $658.4M and commenced NYSE trading on March 6, 2026
- The closed-end investment vehicle now maintains positions in nine private firms with plans for additional acquisitions
Robinhood Ventures Fund I (RVI), the specialized closed-end investment vehicle created by Robinhood Markets (HOOD), has finalized strategic investments in two prominent private-sector companies: Stripe (STRIP) and ElevenLabs.
The investment fund secured $14,577,645 worth of Stripe Class B Common Stock through secondary market purchases completed on March 9, 2026. Following this transaction by six days, the fund committed $19,999,971 to acquire ElevenLabs Series D Preferred Stock through a primary offering on March 12.
Combined, these transactions represent approximately $34.5 million in capital allocation toward two highly sought-after private market opportunities.
Debuting in February 2026, RVI successfully raised approximately $658.4 million through its initial public offering at a share price of $25. Trading activity commenced on the New York Stock Exchange on March 6, 2026 under the RVI ticker symbol — providing everyday investors unprecedented access to pre-IPO company investments.
“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 Expansion With Stripe and ElevenLabs
Established in 2010, Stripe operates from dual headquarters in South San Francisco and Dublin. The fintech company delivers comprehensive payment processing, revenue optimization, and financial management solutions for businesses across various scales.
Founded more recently in 2022, ElevenLabs maintains its base in London. The company specializes in artificial intelligence-powered audio technology, encompassing voice synthesis and speech applications. Its platform ecosystem serves millions globally through voice agent solutions, content creation utilities, and developer-focused APIs.
The ElevenLabs acquisition represents a primary investment — channeling funds directly into the company’s operations. Conversely, the Stripe transaction occurred through secondary markets, with RVI purchasing shares from existing stakeholders rather than the company treasury.
Expanding Private Holdings Portfolio
Following these latest acquisitions, RVI’s portfolio now encompasses nine private companies. Previous investments feature notable names including Databricks, Ramp, and Revolut, among additional holdings.
As a closed-end fund structure, RVI functions similarly to traditional stocks on public exchanges, while its core assets comprise equity positions in privately-held enterprises — distinct from conventional publicly-traded securities.
Robinhood positioned the fund as a democratizing force, enabling retail investors to access investment opportunities traditionally reserved for institutional players and accredited high-net-worth individuals.
RVI management has indicated ongoing intentions to broaden the portfolio composition with additional company acquisitions, though specific expansion timelines remain unannounced.
While the Stripe position received earlier disclosure, the ElevenLabs transaction confirmation arrived on March 17, 2026.
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