TLDR
- Robinhood Ventures Fund I (RVI) has completed equity purchases in Stripe and ElevenLabs
- The fund acquired approximately $14.6M in Stripe Class B Common Stock via secondary market deals on March 9, 2026
- RVI purchased roughly $20M of ElevenLabs Series D Preferred Stock through a primary offering on March 12, 2026
- The fund secured $658.4M during its initial public offering at $25 per share, commencing NYSE trading on March 6, 2026
- RVI’s portfolio currently includes nine private companies with plans for additional investments
Robinhood Ventures Fund I (RVI), the specialized closed-end investment vehicle created by Robinhood Markets (HOOD), has announced completed acquisitions in two prominent privately-held companies: Stripe (STRIP) and ElevenLabs.
The investment fund acquired $14,577,645 worth of Stripe Class B Common Stock through secondary market purchases completed on March 9, 2026. Shortly thereafter, on March 12, the fund secured $19,999,971 in ElevenLabs Series D Preferred Stock via a primary investment round.
Combined, these transactions represent approximately $34.5 million in capital allocated to two of the most prominent companies currently operating in private markets.
RVI made its debut in February 2026, successfully raising approximately $658.4 million through its initial public offering with shares priced at $25 each. Trading commenced on the New York Stock Exchange on March 6, 2026 under the RVI ticker symbol — providing everyday investors with unprecedented access to pre-IPO company investments.
“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.
Stripe and ElevenLabs Join the Portfolio
Stripe launched operations in 2010 and maintains dual headquarters in South San Francisco and Dublin. The fintech company provides payment processing, revenue optimization, and financial management solutions for businesses ranging from startups to enterprises.
ElevenLabs, established in 2022 and operating from London, specializes in artificial intelligence-powered audio technology, including voice synthesis and speech solutions. The company’s platforms are utilized by millions globally across voice assistant applications, content production tools, and developer application programming interfaces.
The ElevenLabs transaction represents a primary investment — indicating the capital flows directly to the company’s treasury. Conversely, the Stripe acquisition occurred through secondary market channels, with RVI purchasing shares from existing shareholders rather than the company directly.
Nine Companies and Counting
Following these latest acquisitions, RVI’s portfolio now encompasses nine private companies. Previously announced holdings feature companies such as Databricks, Ramp, and Revolut, among other notable names.
The fund operates as a closed-end investment vehicle, trading on public exchanges similarly to traditional stocks, while its underlying holdings consist of equity positions in private companies — not publicly-traded instruments.
The investment vehicle was positioned by Robinhood as an opportunity for retail investors to gain exposure to pre-IPO companies traditionally reserved for institutional investors and accredited high-net-worth individuals.
RVI has indicated its intention to continuously expand the portfolio with additional company investments, though specific acquisition timelines remain undisclosed.
The Stripe transaction was previously announced, while the ElevenLabs investment received official confirmation on March 17, 2026.
