Robinhood’s startup fund invests roughly $35 million across Stripe and AI audio firm
Robinhood’s venture fund invested $35 million in Stripe and AI audio company ElevenLabs, offering retail investors access to private companies.Summary
Robinhood Ventures Fund I has deployed approximately $35 million across two startups: Stripe, valued at $159 billion, and AI audio firm ElevenLabs. The fund purchased $14.6 million of Stripe’s Class B common stock and $20 million of ElevenLabs’ Series D preferred stock. This investment aligns with Robinhood’s goal of providing retail investors access to private companies traditionally reserved for wealthy individuals and institutions. Other companies in the fund’s portfolio include Revolut, Airwallex, Boom, Databricks, and Ramp. Robinhood CEO Vlad Tenev stated the fund aims to democratize access to pre-IPO investment opportunities, while fund president Sarah Pinto highlighted the innovative nature of Stripe and ElevenLabs in fintech and AI.
(Source：The Block)