Robinhood Launches Robinhood Ventures Fund II, Raising $200M for Y Combinator Startups Ahead of August 13 NYSE Listing

According to Tech Funding News, Robinhood announced today that Robinhood Ventures Fund II (RVII) will launch on the NYSE on August 13 under ticker RVII, targeting up to $200 million to give retail investors access to seed-stage Y Combinator-backed startups. The fund will issue 7.6 million shares at $25 per share and focus on companies currently or formerly part of Y Combinator, as well as firms founded by YC alumni.

The fund currently holds stakes in 80 private companies and charges a 2% annual management fee plus 20% performance fee. Subscription closes on August 12. Unlike Fund I which launched in March, RVII expands its focus specifically to Y Combinator-backed founders and projects.