Robinhood Ventures Invests in OpenAI
Robinhood Ventures Invests in OpenAI with a $75 million purchase that extends retail access to the private AI company and concentrates flows into RVI.
KEY TAKEAWAYS
- RVI bought about $75 million of OpenAI common stock on April 17, 2026.
- RVI trades on the NYSE and requires no investor accreditation or minimum investment.
- The purchase extends retail access to private markets and concentrates flows into RVI.
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Robinhood Ventures Fund I said in a press release on April 22, 2026, that it purchased shares of OpenAI to provide retail investors exposure to the private AI company through its NYSE-traded vehicle.
RVI Purchase of OpenAI and Fund Portfolio
Robinhood Ventures Fund I bought approximately $75 million of OpenAI common stock on April 17, 2026. The fund described the OpenAI investment as one of its largest holdings to date. Sarah Pinto, president of Robinhood Ventures Fund I, said, “OpenAI is one of the frontier artificial intelligence companies, and we are incredibly proud to add them to the Fund.”
The fund began trading on the New York Stock Exchange under the symbol RVI on March 6, 2026. It operates as a closed-end vehicle that requires no investor accreditation or minimum investment. The fund charges a management fee but no performance fees.
RVI’s portfolio includes Airwallex, Boom, Databricks, ElevenLabs, Mercor, OpenAI, Oura, Ramp, Revolut, and Stripe. The fund expects to add more companies over time. Its concentrated lineup reflects a strategy of offering targeted exposure to selected private issuers rather than broad indexing.
Robinhood Ventures is an SEC-registered investment adviser and a wholly owned subsidiary of Robinhood Markets, Inc. (HOOD). Fund materials state the vehicle’s objective is to expand retail access to private markets and note that forward-looking statements are subject to risks detailed in SEC filings. Material information is disclosed through the fund’s website, newsroom, press releases, SEC filings, and public calls consistent with Regulation FD.
The investment in OpenAI comes amid a broader trend in U.S. markets: the number of public companies fell from about 7,000 in 2000 to roughly 4,000 in 2025. As of April 2024, private firms outnumbered public ones by more than 6.5 times and were valued at over $10 trillion in the first quarter of 2025. The fund’s purchase highlights how publicly traded vehicles are increasingly used to give retail investors access to the expanding private-company segment.
