Robinhood plans to launch a publicly listed fund to provide U.S. retail investors with opportunities to invest in private companies

According to ChainCatcher, according to The Block, Robinhood Markets Inc. (HOOD) plans to launch the "Robinhood Ventures Fund I" publicly listed fund, providing US retail investors with opportunities to invest in private enterprises. Its CEO Vlad Tenev said that over the past decades, the wealthy and institutions have been able to invest in private enterprises, but retail investors have been turned away, and the new funds will give ordinary people access to investment opportunities that once belonged to the elite. Previously, Robinhood allowed EU users to purchase tokenized stocks that track well-known private companies such as OpenAI. The new fund focuses on the US market and will make long-term investments through IPOs and subsequent stages, and will be deployed across multiple industries. Robinhood pointed out that investment opportunities have shrunk in recent years, with the number of publicly listed companies in the United States falling from about 7,000 in 2000 to about 4,000 in 2024, while the number and value of private enterprises have increased, with a total value of over $10 trillion. At present, Robinhood has submitted a registration statement to the US SEC to apply for a public offering of the fund and hopes that it will be listed on the New York Stock Exchange with the stock code RVI.