Robinhood’s new venture fund has attracted more than 150,000 retail investors, according to CEO Vlad Tenev. The fund is designed to provide exposure to private technology companies before they go public.
Among the companies included in the fund are OpenAI, Stripe, Databricks, and Oura, the fintech confirmed. These names represent high-profile private firms in artificial intelligence, payments, data analytics, and health technology.
Tenev disclosed the participation figure, indicating over 150,000 individuals have joined the offering. The venture fund allows retail investors to access shares in companies that are typically only available to institutional investors prior to an initial public offering.
Robinhood’s initiative marks an expansion of its product lineup beyond publicly traded stocks and cryptocurrencies, bringing pre-IPO access to its user base.
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