Overview
- Robinhood Ventures Fund I, which disclosed the deal Wednesday, bought about $75 million of OpenAI common stock on April 17.
- RVI trades like a stock on the NYSE and is a closed-end fund that allows retail investors to access private companies with no accreditation requirements, no investment minimums, and no performance fees.
- OpenAI becomes one of RVI’s largest holdings in a concentrated portfolio that also includes Databricks, Stripe, Revolut, Ramp, Oura, Airwallex, ElevenLabs, Boom, and Mercor.
- Robinhood said the OpenAI stake will back venture-linked tokens that track the company’s value through the fund, which gives price exposure but no voting rights or direct claims on OpenAI’s assets.
- The announcement revives a 2025 dispute over tokenized OpenAI products and lands in a market where fewer U.S. companies list publicly, driving demand for new retail routes into long‑lived private firms.