Overview
- On March 9, RVI bought $14,577,645 of Stripe Class B shares through secondary transactions.
- On March 12, the fund invested $19,999,971.34 in ElevenLabs Series D preferred stock in a primary round.
- The two deals total just over $34.5 million and bring the disclosed portfolio to nine private companies including Databricks, Revolut, Ramp, Oura, Airwallex, Boom, Mercor, Stripe, and ElevenLabs.
- RVI began trading on the NYSE on March 6 under the ticker RVI after raising about $658.4 million at $25 per share in its IPO.
- Robinhood describes the closed-end vehicle as focused on late-stage fintech and AI companies, offering retail access with a competitive management fee and no performance fees.