Robinhood Plans 'RVI' Fund for Investing in Private Companies, Expanding Opportunities for Individual Investors

On the 15th, Robinhood, which provides trading services for stocks and cryptocurrencies, announced through its newly established wholly-owned subsidiary, Robinhood Ventures, that it is planning to launch a listed fund offering investment opportunities in private companies. The company has submitted an initial registration statement for this fund, 'Robinhood Ventures Fund I (RVI)', to the U.S. Securities and Exchange Commission (SEC). This closed-end fund aims to provide individual investors with exposure to leading-edge private companies across various industries. Robinhood's CEO, Brad Tenef, stated...