Robinhood RVI Fund Bets on Fintech and AI With Stripe and Elevenlabs Deals

Robinhood Ventures Fund I said on Tuesday, it has invested about $34.58 million in Stripe and Elevenlabs, expanding retail investor access to private technology companies.

Unlike traditional venture funds, RVI is structured to allow retail investors to buy into a basket of private companies without accreditation requirements or minimum investment thresholds, a model that challenges long-standing barriers to private market access.

The fund’s latest moves include a $14.58 million purchase of Stripe Class B common stock through secondary transactions on March 9, following the payments company’s February tender offer that valued Stripe at $159 billion.

A few days later, on March 12, RVI invested nearly $20 million in Elevenlabs, acquiring Series D preferred stock in a primary transaction shortly after the AI audio firm raised $500 million at an $11 billion valuation.

“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 the fund, in a statement.

The additions bring RVI’s disclosed portfolio to a growing list that includes Airwallex, Boom, Databricks, Mercor, Oura, Ramp, Revolut and Stripe, with more companies expected over time.

While the pitch centers on access, the fund is explicit about the trade-offs: private company exposure comes with illiquidity, valuation uncertainty and the possibility that shares trade at a discount or premium to net asset value.

RVI also departs from traditional venture economics by charging a management fee but no performance fees, and it publishes material updates through its website and Robinhood’s newsroom to comply with Regulation Fair Disclosure.

For investors, the structure offers a simplified way to gain exposure to late-stage private companies, though it still carries the same risks that typically keep those deals behind closed doors.

As Robinhood leans further into blending public markets with private opportunities, the question is less about access—and more about whether everyday investors are ready for what usually comes with it.