Robinhood Plans $200M Public Fund for Y Combinator Startups
Robinhood Ventures Fund II is expected to list on the NYSE at $25 a share, giving retail investors exposure to early-stage private companies tied to Y Combinator.
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Robinhood Ventures Fund II is expected to list on the NYSE at $25 a share, giving retail investors exposure to early-stage private companies tied to Y Combinator.
The firm's available capital reaches $3.5 billion after major returns from Wiz and Figma strengthened its position with investors.
Citadel acquired the bulk of the portfolio, while Leopold Aschenbrenner's fund retained private investments including a reported $5 billion Anthropic stake.
The independent purchase adds to Saudi Arabia's exposure as the EV maker cuts jobs and rejects reports of bankruptcy or a take-private deal.