Robinhood Fund Invests Approximately $35 Million in Stripe and ElevenLabs

According to The Block, Robinhood's publicly traded Robinhood Ventures Fund I on the NYSE announced an investment of approximately $14.6 million to acquire Stripe Class B common shares and a $20 million investment in AI audio company ElevenLabs to purchase its Series D preferred shares. The fund aims to provide retail investors with exposure to non-public companies and currently holds positions in companies such as Revolut, which offers crypto trading services, as well as Airwallex, Boom, Databricks, Ramp, and others. The report noted that Stripe owns the stablecoin platform Bridge, and Robinhood's management stated that they will continue to focus on cutting-edge fintech and artificial intelligence enterprises.