TLDR
- Robinhood Ventures Fund I (RVI) closed a $75 million investment in OpenAI on April 17, 2026
- RVI purchased approximately $75 million of common stock in the ChatGPT maker
- RVI trades on the NYSE under the ticker RVI, with no accreditation requirements for investors
- The fund also holds stakes in Stripe, Databricks, Revolut, Ramp, and others
- The number of publicly traded US companies has dropped from ~7,000 in 2000 to ~4,000 in 2025
Robinhood Ventures Fund I has closed a $75 million investment in OpenAI, the company behind ChatGPT. The purchase of OpenAI common stock was completed on April 17, 2026.
$HOOD just announced that Robinhood Venture Fund has closed an investment in OpenAI worth ~$75M. pic.twitter.com/50X5UoviEw
— Shay Boloor (@StockSavvyShay) April 22, 2026
The fund described the investment as one of its largest to date. Sarah Pinto, President of Robinhood Ventures Fund I, said the move reflects the fund’s goal of giving everyday investors access to private companies.
RVI began trading on the New York Stock Exchange on March 6, 2026 under the symbol RVI. It is structured as a closed-end fund, meaning it has a fixed pool of capital and trades like a stock.
The fund is open to retail investors with no accreditation requirements and no investment minimums. There are also no performance fees, which sets it apart from many traditional private market vehicles.
A Growing Portfolio of Private Companies
RVI currently holds stakes in ten private companies. These include Airwallex, Boom, Databricks, ElevenLabs, Mercor, OpenAI, Oura, Ramp, Revolut, and Stripe.
The fund says it plans to add more companies over time. OpenAI now ranks among the largest positions in the portfolio.
OpenAI is an AI research and deployment company. Its mission, according to the company, is to ensure that artificial general intelligence benefits all of humanity.
Why Private Market Access Matters
The number of publicly traded companies in the US has fallen from around 7,000 in 2000 to about 4,000 in 2025. At the same time, companies are staying private for longer.
As of April 2024, there were more than 6.5 times as many private companies as public ones in the US. The estimated value of private firms in the US surpassed $10 trillion in the first quarter of 2025.
Robinhood Ventures says RVI is designed to close that gap for retail investors. The fund gives ordinary investors a way to get exposure to high-growth private companies before they go public.
The $75 million OpenAI investment was confirmed by both Reuters and Robinhood Markets on April 22, 2026. RVI is the first fund launched under the Robinhood Ventures brand.
Robinhood Markets, the parent company, is known for its commission-free trading app. The launch of RVI marks its push into private market investing.
The fund carries a competitive management fee, though the exact figure was not disclosed in the announcement. No performance fee is charged on returns.
OpenAI has not made any public comment on the investment beyond what was included in the Robinhood announcement.
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