Robinhood Ventures Fund II raises $200 million, targeting Y Combinator startups

Robinhood Ventures Fund II (NYSE: RVII) raised $200 million in its initial public offering. The fund priced 8,000,000 common shares at $25.00 per share. Shares began trading on the New York Stock Exchange on August 13, 2026. The offering expects to close on August 14.

The business development company (BDC) gives retail investors access to early-stage private companies. The fund holds stakes in approximately 80 startups. It focuses specifically on companies linked to the Y Combinator accelerator program.

Goldman Sachs led the underwriting team. Underwriters hold a 30-day option to purchase up to 1,200,000 additional shares.