Robinhood Ventures Fund I (RVI) invested $75 million in OpenAI. The fund purchased common stock on April 17, 2026. This transaction represents one of the largest investments in the history of the fund. RVI aims to provide retail investors with access to private companies previously unavailable to the public.
The deal signals a shift in the relationship between the two companies. They previously clashed over Robinhood's attempt to offer tokenized access to OpenAI shares. Robinhood (HOOD) shares rose more than 4% in pre-market trading following the announcement.