TLDR
- Robinhood Ventures Fund I (RVI) has completed strategic investments in Stripe and ElevenLabs
- The fund acquired approximately $14.6M worth of Stripe Class B Common Stock through secondary market transactions on March 9, 2026
- RVI invested roughly $20M in ElevenLabs Series D Preferred Stock via a primary transaction on March 12, 2026
- Following its NYSE debut on March 6, 2026, RVI successfully raised $658.4M through its IPO at $25 per share
- The venture fund’s portfolio has expanded to nine private companies with plans for further additions
Robinhood Markets’ (HOOD) closed-end venture fund, Robinhood Ventures Fund I (RVI), has successfully completed investments in two prominent private sector companies: payment processing giant Stripe (STRIP) and artificial intelligence audio platform ElevenLabs.
On March 9, 2026, the fund acquired $14,577,645 worth of Stripe Class B Common Stock through secondary market channels. Less than a week later, on March 12, RVI completed a primary transaction purchasing $19,999,971 in ElevenLabs Series D Preferred Stock.
Combined, these strategic investments total approximately $34.5 million allocated to two highly sought-after companies in today’s private investment landscape.
The RVI fund made its market debut in February 2026, successfully raising approximately $658.4 million through its initial public offering. Shares were initially priced at $25 each, and trading commenced on the New York Stock Exchange on March 6, 2026 under the ticker symbol RVI — providing everyday investors unprecedented access to a curated selection of pre-IPO growth companies.
“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.
Adding Stripe and ElevenLabs to the Mix
Stripe launched in 2010 and maintains dual headquarters in South San Francisco and Dublin. The fintech powerhouse provides comprehensive payment processing solutions, revenue optimization tools, and financial management platforms serving businesses ranging from startups to global enterprises.
ElevenLabs, established in 2022 with headquarters in London, specializes in cutting-edge artificial intelligence audio technology, voice synthesis, and speech solutions. The company’s innovative platforms serve millions of users worldwide through voice agent systems, content creation applications, and developer-focused APIs.
The ElevenLabs investment represents a primary transaction, channeling funds directly into the company’s operations. Conversely, the Stripe acquisition occurred through secondary market channels, with RVI purchasing shares from existing stakeholders rather than the company treasury.
Portfolio Expands to Nine Holdings
Following these recent acquisitions, RVI’s investment portfolio now encompasses nine private companies. Previous investments include notable names such as Databricks, Ramp, and Revolut, among other high-growth ventures.
As a closed-end fund structure, RVI operates similarly to publicly traded stocks on the exchange, though its underlying holdings consist of private company equity positions rather than publicly available securities.
Robinhood positioned the fund as a democratizing force in venture capital, enabling retail investors to access investment opportunities traditionally reserved for institutional players and accredited high-net-worth individuals.
Management has indicated intentions to systematically expand the portfolio with additional companies, although specific acquisition timelines remain undisclosed.
While the Stripe investment had been previously disclosed, the ElevenLabs transaction received official confirmation on March 17, 2026.
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