Robinhood Launches $1B Closed-End Fund Seeded with $350M in DataBricks, Ramp, Boom Aerospace
Robinhood Markets launched a $1 billion closed-end venture fund seeded with $350 million of stakes in DataBricks, Ramp and Boom Aerospace to give retail investors access to private tech leaders. CFO Shiv Verma will present at the Citizens Technology Conference on March 2 with a live webcast and 90-day replay.
1. Launch of $1B Robinhood Ventures Fund I
Robinhood Markets has introduced the Robinhood Ventures Fund I, a $1 billion closed-end vehicle aimed at retail investors, with a $350 million seed portfolio including stakes in DataBricks, Ramp and Boom Aerospace and the flexibility to hold public shares long term.
2. CFO Presentation at Citizens Technology Conference
CFO Shiv Verma will speak at the Citizens Technology Conference on March 2, presenting live at 2:00 PM ET with audio webcast access and a 90-day replay to discuss Robinhood’s strategic initiatives.