Svmuu News Robinhood's listed fund, Robinhood Ventures Fund I, debuted on the New York Stock Exchange this week. However, it closed at $21 on its first day, marking a 16% decline. The fund aims to provide retail investors access to popular private companies. It had a fundraising target of $1 billion but has currently raised only $658.4 million (or up to $705.7 million if underwriters exercise their full purchase options). The fund's holdings reportedly include companies such as Databricks, Stripe, Mercor, Oura, Ramp, Airwallex, and Revolut. However, the lack of exposure to widely anticipated, high-valuation companies nearing public listings (like OpenAI, Anthropic, SpaceX) is considered a primary reason for the lackluster retail interest. Robinhood stated plans to expand the fund's portfolio to include 15-20 high-quality late-stage growth companies in the future and is actively seeking to add stakes in hot startups like OpenAI to its holdings. (TechCrunch)