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Riding an AI rally, Robinhood preps second retail venture IPO | TechCrunch

TechCrunch·Marina Temkin·21 days ago
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Just two months after listing its first venture fund on the stock market, Robinhood is preparing to launch a second. The company has filed a  confidential registration  for RVII, a standard regulatory step that allows it to work through the approval process before making details public. U nlike its first fund, which currently holds stakes in 10 late-stage companies — Airwallex, Boom, Databricks, ElevenLabs, Mercor, OpenAI, Oura, Ramp, Revolut, and Stripe — RVII will cast a wider net, investing in growth-stage and early-stage startups. It’s a meaningful distinction, given that early-stage startups are younger and carry more risk but also offer the potential for greater returns. The fundraising target for RVII has not yet been set, the company said in a blog post . For its inaugural fund, Robinhood sought to raise $1 billion but ultimately fell several hundred million short of that goal. Despite the shortfall, the first fund has performed strongly.…

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