Robinhood Markets (NASDAQ: HOOD) has released the complete replay of its February 17, 2026, roadshow kickoff for Robinhood Ventures Fund I (RVI), giving retail investors an unfiltered look at one of the most ambitious efforts yet to open private-company investing to the masses.
The livestream, originally conducted live across the Robinhood app, X, and other platforms, is accessible on-demand. The session featured Robinhood Markets CEO Vlad Tenev, CFO Shiv Verma, and RVI President Sarah Pinto.
Together they walked through the fund’s strategy, portfolio approach, and timeline for its upcoming initial public offering on the New York Stock Exchange under the ticker symbol RVI.
RVI is structured as a closed-end fund that will hold a concentrated portfolio of “Frontier Companies”—high-growth, private businesses operating at the forefront of their industries.
Initial holdings include Airwallex, Boom Supersonic, Databricks, Mercor, Oura, Ramp, and Revolut, with additional investments expected over time, including an agreement to purchase shares of Stripe after the IPO closes.
The fund may also use modest leverage to enhance returns, though this introduces additional volatility.
Missed the Robinhood Ventures Fund I roadshow kickoff? Catch the full livestream replay: See disclosures below. https://t.co/8EbtYoXkDA
— Robinhood (@RobinhoodApp) February 17, 2026
In a departure from traditional venture vehicles, RVI removes nearly every barrier that has historically kept everyday investors out.
There are no accreditation requirements, no investment minimums, and no carried-interest or performance fees.
The management fee is set at a competitive 2.00% annually, dropping to 1.00% for the first six months after launch.
Once listed, shares will trade daily on the NYSE, offering liquidity that private-market funds rarely provide.
The offering itself targets roughly $1 billion.
Robinhood Ventures Fund I has filed a registration statement with the SEC to sell up to 40 million common shares of beneficial interest at an expected price of $25 each.
Of those, 35 million shares will be issued by the fund, while Robinhood Markets is selling 5 million of its own holdings.
Underwriters have a 30-day option to purchase up to 6 million additional shares.
Robinhood customers can already submit requests for IPO shares directly in the app; the fund is expected to begin trading in late February 2026.
Tenev captured the mission in clear terms: opening private markets will correct one of the longest-standing inequities in finance, finally giving regular investors a seat at the table alongside institutions and the ultra-wealthy.
Of course, the opportunity comes with real risks.
As a non-diversified closed-end fund investing in illiquid private assets, RVI’s share price may trade at a premium or discount to its net asset value.
Underlying holdings carry valuation uncertainty, limited transparency, and the potential for significant volatility.
The fund does not anticipate paying regular dividends, and investors could lose some or all of their capital.
Whether you are a seasoned investor evaluating venture exposure or a newcomer curious about pre-IPO opportunities, the session delivers the strategic overview, portfolio rationale, and Q&A that institutional roadshows usually keep behind closed doors.
As the IPO date nears, RVI stands out as a potential milestone in the democratization of capital markets. For Robinhood users—and retail investors everywhere—the initiative is a first step toward deciding whether this new gateway to private growth belongs in their portfolios.
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