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TechCrunch·1 min read

Robinhood’s startup fund stumbles in NYSE debut

Robinhood's startup fund struggles in debut

Robinhood's new fund, Robinhood Ventures Fund I, aimed for $1 billion but raised only $658.4 million. Shares debuted at $25 but closed at $21, marking a 16% drop.

Unlike the successful Destiny Tech100, which surged 33% on its first day, Robinhood's fund lacks exposure to high-profile startups like OpenAI and SpaceX, leaving investors underwhelmed.

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Robinhood’s startup fund stumbles in NYSE debut | Trace