TechFlow News, May 12: Robinhood has filed for the launch of its second publicly traded venture capital fund, RVII, approximately two months after the listing of its first fund, RVI. Robinhood stated that the fundraising target for RVII has not yet been determined; RVI’s original target was $1 billion, though its actual fundraising fell short of that goal. Public records indicate that RVI holds stakes in 10 private companies, including OpenAI, Stripe, Databricks, and Revolut. Robinhood noted that both funds enable retail investors to purchase listed shares linked to portfolios of private startups through standard brokerage accounts.
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