Robinhood RVII IPO Targets $200M for YC Seed-Stage Fund

Robinhood Ventures Fund II aims to raise $200M via NYSE listing on August 13, focusing on seed-stage startups and Y Combinator alumni with a 4.18% annual fee structure.

Woofun AI reports that Robinhood is advancing the listing of its second private market venture capital fund, Robinhood Ventures Fund II (RVII). The fund intends to issue 7.6 million shares at $25 each, targeting a total raise of up to $200 million. Scheduled to list on the New York Stock Exchange on August 13 under the ticker RVII, the offering is subject to regulatory approval. Unlike Fund I, which listed in March, RVII concentrates on seed-stage startups, including those in or previously part of Y Combinator’s incubation program and companies founded by YC alumni. The fund currently holds stakes in 80 private companies and charges a 2% annual management fee plus a 20% performance fee, resulting in an overall annual fee rate of approximately 4.18%.