Robinhood’s new venture fund just snapped up stakes in Stripe and ElevenLabs

The closed-end fund aims to give everyday investors exposure to private firms before they go public. What to know : Robinhood’s new closed-end Robinhood Ventures Fund I (RVI) has disclosed its first investments, buying about $14.6 million of Stripe shares and $20 million of ElevenLabs' preferred stock in March. The fund, which began trading on the New York Stock Exchange on March 6, lets retail investors buy and sell shares for exposure to private companies that have traditionally been limited to wealthy and institutional investors. The stakes in fintech firm Stripe and AI voice startup ElevenLabs come in addition to a portfolio that already includes Databricks, Revolut, Ramp and Oura.(Coindesk)