Robinhood Ventures Fund II (RVII) prices at $25, raising $200 million
As seen on the 24/7 Wall St. homepage on August 13, 2026.
Priced at $25 for a $200 million raise
Robinhood's second retail vehicle for private companies priced at $25 a share, raising $200 million across 8 million shares with Goldman Sachs, Citigroup, J.P. Morgan, UBS and Wells Fargo running the books. Ordinary investors get exchange-traded exposure to late-stage private names without the accreditation gate, and the shares begin trading now.
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Robinhood Ventures Fund II priced its shares at $25 each, raising $200 million in a deal that lands ordinary investors inside the normally gated world of late-stage private companies. Until now, that access required accredited-investor status, the kind of wealth threshold that keeps most retail participants on the sidelines while private-market gains accumulate before any IPO.
The fund lists on the NYSE, meaning anyone with a brokerage account can buy and sell exposure to late-stage private names the same way they trade any stock. That exchange-traded structure sidesteps the liquidity lock-ups and minimum commitments that define traditional private-market vehicles.
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Goldman Sachs, Citigroup, J.P. Morgan, UBS, and Wells Fargo ran the books, a syndicate that signals institutional seriousness behind what is positioned as a retail product. A five-bank lineup of that caliber is typically reserved for deals where demand justification and price discovery need heavy infrastructure.
This is Robinhood's second such vehicle, following an earlier fund that tested whether retail appetite for pre-IPO exposure was real. Pricing a $200 million follow-on suggests the answer was yes, and investors will want to track which private companies the fund holds and how net asset value moves relative to the $25 offering price.
Mentioned: RVII