TLDR
- Robinhood’s Ventures Fund I (RVI) has finalized investments in Stripe and ElevenLabs
- The fund acquired approximately $14.6M in Stripe Class B Common Stock through secondary market transactions on March 9, 2026
- RVI purchased roughly $20M of ElevenLabs Series D Preferred Stock via a primary transaction on March 12, 2026
- Following its IPO at $25 per share, RVI generated $658.4M and commenced NYSE trading on March 6, 2026
- The closed-end investment vehicle currently maintains positions in nine private companies with plans for future expansion
Robinhood Ventures Fund I (RVI), the closed-end investment vehicle created by Robinhood Markets (HOOD), has announced significant positions in two prominent private companies: Stripe (STRIP) and ElevenLabs.
The investment fund acquired $14,577,645 worth of Stripe Class B Common Stock through secondary market transactions completed on March 9, 2026. Following this move, RVI invested $19,999,971 in ElevenLabs Series D Preferred Stock through a primary transaction on March 12.
Combined, these transactions represent over $34.5 million in capital allocated to two of the most prominent private companies in today’s market.
RVI made its debut in February 2026, securing approximately $658.4 million through its initial public offering at a $25 share price. The fund began public trading on the New York Stock Exchange on March 6, 2026 using the RVI ticker symbol — providing everyday investors with unprecedented access to pre-IPO investment opportunities.
“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.
Portfolio Additions: Stripe and ElevenLabs
Established in 2010, Stripe maintains dual headquarters in South San Francisco and Dublin. The fintech giant provides comprehensive payment processing, revenue optimization, and financial management solutions for enterprises of every scale.
ElevenLabs entered the market in 2022 from its London base. The company specializes in artificial intelligence-powered audio technology, including voice synthesis and speech processing. Its platform ecosystem supports millions of users through voice agent technology, content generation tools, and developer application programming interfaces.
The ElevenLabs investment represents a primary transaction — capital flowing directly into the company’s operations. Conversely, the Stripe acquisition occurred through secondary markets, with RVI purchasing shares from existing stakeholders rather than the company treasury.
Portfolio Expansion Continues
Following these recent acquisitions, RVI’s portfolio now encompasses nine private companies. Previous investments feature notable names including Databricks, Ramp, and Revolut, among other high-growth ventures.
As a closed-end fund structure, RVI operates similarly to traditional equities on public exchanges, though its underlying holdings consist of private company equity positions rather than publicly traded instruments.
Robinhood positioned the fund as a democratizing force, enabling retail investors to access investment opportunities traditionally reserved for institutional investors and ultra-high-net-worth individuals.
RVI management has indicated intentions to continuously expand the portfolio composition, though specific timelines for additional investments remain undisclosed.
While the Stripe position was previously announced, the ElevenLabs transaction received official confirmation on March 17, 2026.
