--- 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) --- # 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. ### Related Stocks - [RVII.US](https://longbridge.com/en/quote/RVII.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [UBS.US](https://longbridge.com/en/quote/UBS.US.md) - [GS-C.US](https://longbridge.com/en/quote/GS-C.US.md) - [GS-A.US](https://longbridge.com/en/quote/GS-A.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [HODU.US](https://longbridge.com/en/quote/HODU.US.md) - [HOOG.US](https://longbridge.com/en/quote/HOOG.US.md) - [HOOI.US](https://longbridge.com/en/quote/HOOI.US.md) - [HOOW.US](https://longbridge.com/en/quote/HOOW.US.md) - [HOOX.US](https://longbridge.com/en/quote/HOOX.US.md) - [HOOY.US](https://longbridge.com/en/quote/HOOY.US.md) - [HOOZ.US](https://longbridge.com/en/quote/HOOZ.US.md) - [HOYY.US](https://longbridge.com/en/quote/HOYY.US.md) - [ROBN.US](https://longbridge.com/en/quote/ROBN.US.md) - [JPMO.US](https://longbridge.com/en/quote/JPMO.US.md) - [JPX.US](https://longbridge.com/en/quote/JPX.US.md) ## Related News & Research - [Robinhood to list a fund that lets anyone back Y Combinator startups](https://longbridge.com/en/news/294967330.md) - [Shein Locks In August 28 for $30 Billion Hong Kong IPO, Sources Say](https://longbridge.com/en/news/295783911.md) - [BREAKINGVIEWS-UBS valuation surge is case of rational exuberance](https://longbridge.com/en/news/295774676.md) - [13:20 ETinKind Secures $414 Million in Financing Led by Citi and Cross River, Surpassing $1.2 Billion in Total Capital Raised](https://longbridge.com/en/news/295434214.md) - [Citi Ventures backs inKind in 2025 investment round amid Citi-led financing expansion](https://longbridge.com/en/news/295560521.md)