---
title: "Robinhood Ventures Fund II prices $200 million IPO at $25 per share, targeting a portfolio of private tech startups"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295806102.md"
description: "Robinhood Ventures Fund II priced its IPO at $25 per share, raising $200 million. The closed-end fund, trading on the NYSE under RVII, targets a portfolio of private tech startups, particularly those from Y Combinator. With a total size of $225.5 million, it charges a 4.5% sales load and a 2% management fee plus 20% incentive fees on gains. Joint bookrunners included Goldman Sachs, Citi, J.P. Morgan, UBS, and Wells Fargo."
datetime: "2026-08-13T13:20:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295806102.md)
  - [en](https://longbridge.com/en/news/295806102.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295806102.md)
generator: "portal-rs"
---

# Robinhood Ventures Fund II prices $200 million IPO at $25 per share, targeting a portfolio of private tech startups

Robinhood Ventures Fund II, a closed-end fund formed by Robinhood to hold a portfolio of private growth companies, raised $200 million by offering 8.0 million shares at $25. At pricing, the total size of the fund is $225.5 million.

***RC Note: Because RVII is a closed-end fund, it will be excluded from Renaissance Capital's IPO stats.***

Robinhood Ventures Fund II plans to primarily invest in a diversified portfolio of early-stage and growth-stage private companies, with a focus on private companies that are current or previous participants in the Y Combinator startup accelerator program. The sales load is $1.125 per share (4.5%). The base management fee is calculated and payable quarterly at the annual rate of 2.00% of the Company’s Net Assets determined quarterly as of the end of each quarter. The incentive fee is based on capital gains and equals 20.00% of the realized capital gains on a cumulative basis from inception through the end of the fiscal year.

Robinhood's other closed-end fund Robinhood Ventures Fund I (RVI), which holds a small portfolio of larger tech unicorns, went public this past March and has returned 15% since its listing.

The Menlo Park, CA-based fund will trade on the NYSE under the symbol RVII. Goldman Sachs, Citi, J.P. Morgan, UBS Investment Bank, and Wells Fargo Securities acted as joint bookrunners on the deal.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**