Robinhood’s $225M Venture Fund Opens Below IPO Price in NYSE Debut
- Robinhood raised $225.5 million as its second venture fund debuted on the NYSE.
- The fund will back startups linked to Y Combinator, including crypto and tech firms.
- Robinhood’s crypto volume fell, while stock trading and platform assets continued to grow.
Robinhood raised $225.5 million for its second venture fund in a New York Stock Exchange listing, giving public-market investors a way to invest in early-stage startups.
According to a Reuters report, Robinhood Ventures Fund II sold 8 million shares at $25 each in its initial public offering. The shares opened at $22.50 on Thursday, below the IPO price, as investors traded the fund for the first time.
Fund Targets Y Combinator Startups
The fund will invest in startups founded by former Y Combinator participants, including companies working in crypto and technology.
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