Robinhood Markets Chairman and CEO Vlad Tenev rings the opening bell with Robinhood Ventures Fund I at the New York Stock Exchange on March 6, 2026.
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Robinhood Venture Fund I The company plunged 11% on the New York Stock Exchange public market on Friday, raising questions about investors’ appetite for riskier investments amid geopolitical tensions.
The fund trades under the ticker RVI and offers exposure to prominent private companies such as financial services company Revolut and software company Databricks. Robinhood CEO Vlad Tenev told CNBC’s “Squawk on the Street” on Friday that the company aims to democratize access to areas of the capital markets that have often been off-limits to retail investors.
“There are even companies going public at valuations in the hundreds of billions of dollars and entering trillions of dollars in the private markets before retail investors have had a chance to enter at all. This is happening more and more,” Tenev said. “We’re trying to solve this problem by not only opening the door to the civilian market, but blowing the door completely off its hinges so it can never close.”
Individual investors can buy and sell shares in closed-end funds structured like investment companies, just as they would buy and sell shares in traditional companies.
However, the launch comes at a difficult time for the public market. Major U.S. stock averages are on track for a weekly decline as traders sell stocks on concerns that the conflict between the U.S. and Iran could last longer than expected.
Robinhood Ventures Fund’s initial public offering price was $25 per share. It opened at $22, hit a low of $21, and traded around $22.12.
RVI’s closing price on Friday was $21 per share.
