--- title: Robinhood to list a fund that lets anyone back Y... description: Robinhood is launching Robinhood Venture Fund II (RVII), a publicly traded fund set to debut on August 13 at $25 per share, targeting up to $200 million to... canonical: https://daily.dev/posts/robinhood-to-list-a-fund-that-lets-anyone-back-y-combinator-startups-enviiiqfv twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Robinhood to list a fund that lets anyone back Y Combinator startups | daily.dev og:description: Robinhood is launching Robinhood Venture Fund II (RVII), a publicly traded fund set to debut on August 13 at $25 per share, targeting up to $200 million to... og:url: https://daily.dev/posts/robinhood-to-list-a-fund-that-lets-anyone-back-y-combinator-startups-enviiiqfv og:image: https://api.daily.dev/og/posts/ENvIIIqFv.png og:image:alt: Robinhood to list a fund that lets anyone back Y Combinator startups og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Robinhood to list a fund that lets anyone back Y Combinator startups **[TechCrunch](https://daily.dev/sources/tc)** · 3 min read · 0 upvotes · 0 comments ## Summary Robinhood is launching Robinhood Venture Fund II (RVII), a publicly traded fund set to debut on August 13 at $25 per share, targeting up to $200 million to invest in Y Combinator startups. Retail investors can buy shares in the fund but won't directly hold startup equity. The fund charges over 4% in management fees plus 20% carried interest paid to a Robinhood-owned entity. Unlike traditional VC funds, RVII has no defined end date and doesn't promise regular cash distributions, meaning investors may rely primarily on the fund's stock price appreciation. Robinhood's first similar fund (RVI) has traded above its $21 IPO price but dropped from a $56 peak to around $28. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### What are the fees for Robinhood Venture Fund II (RVII)? RVII charges just over 4% in total management fees, paid to a Robinhood-owned entity. This includes a 2% management fee on net returns plus additional fees. On top of that, the fund pays 20% carried interest to the same Robinhood unit, meaning if YC portfolio companies produce profitable exits, Robinhood's unit takes 20% of those returns. _Investors weighing fintech fund structures like RVII track fee disclosures and product launches on daily.dev._ ### What is the IPO price and target raise for Robinhood Venture Fund II? RVII is expected to begin trading on August 13 at an opening price of $25 per share. The fund targets raising up to $200 million, which it intends to deploy into startups founded by current or former Y Combinator participants, provided those startups agree to sell their shares. _Fintech product launches and funding milestones like this surface quickly for developers following the space on daily.dev._ ## Similar posts on daily.dev - [Riding an AI rally, Robinhood preps second retail venture IPO](https://daily.dev/posts/riding-an-ai-rally-robinhood-preps-second-retail-venture-ipo-ylr6sufsz) · TechCrunch · 0 upvotes · 0 comments - [Robinhood’s startup fund stumbles in NYSE debut](https://daily.dev/posts/robinhood-s-startup-fund-stumbles-in-nyse-debut-cwxicpg18) · TechCrunch · 0 upvotes · 0 comments - [Robinhood’s venture fund IPO attracted 150,000\+ retail investors, CEO says](https://daily.dev/posts/robinhood-s-venture-fund-ipo-attracted-150-000-retail-investors-ceo-says-rm6ernxtm) · TechCrunch · 0 upvotes · 0 comments - [Robinhood ranks last of 18 banks on the Oura IPO. The channel it just joined is being built for what comes next.](https://daily.dev/posts/robinhood-ranks-last-of-18-banks-on-the-oura-ipo-the-channel-it-just-joined-is-being-built-for-what-paoycr3eq) · The Next Web · 0 upvotes · 0 comments - [Robinhood is raising $2 billion in zero-coupon convertible bonds to buy back stock](https://daily.dev/posts/robinhood-is-raising-2-billion-in-zero-coupon-convertible-bonds-to-buy-back-stock-rluwm0clv) · The Next Web · 0 upvotes · 0 comments --- Tags: [#venture-capital](https://daily.dev/tags/venture-capital), [#y-combinator](https://daily.dev/tags/y-combinator) [View this post on daily.dev](https://daily.dev/posts/robinhood-to-list-a-fund-that-lets-anyone-back-y-combinator-startups-enviiiqfv) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Robinhood to list a fund that lets anyone back Y Combinator startups","url":"https://daily.dev/posts/robinhood-to-list-a-fund-that-lets-anyone-back-y-combinator-startups-enviiiqfv","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/robinhood-to-list-a-fund-that-lets-anyone-back-y-combinator-startups-enviiiqfv"},"datePublished":"2026-08-05T12:29:02.906Z","dateModified":"2026-08-07T13:49:41.648Z","description":"Robinhood is launching Robinhood Venture Fund II (RVII), a publicly traded fund set to debut on August 13 at $25 per share, targeting up to $200 million to...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/02b9222cd7f47e188ae2e5b42eacdb89?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/02b9222cd7f47e188ae2e5b42eacdb89?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCrunch","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCrunch","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tc","url":"https://daily.dev/sources/tc"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/robinhood-to-list-a-fund-that-lets-anyone-back-y-combinator-startups-enviiiqfv","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"venture-capital,y-combinator","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCrunch","item":"https://daily.dev/sources/tc"},{"@type":"ListItem","position":3,"name":"Robinhood to list a fund that lets anyone back Y Combinator startups"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/robinhood-to-list-a-fund-that-lets-anyone-back-y-combinator-startups-enviiiqfv#faq","mainEntity":[{"@type":"Question","name":"What are the fees for Robinhood Venture Fund II (RVII)?","acceptedAnswer":{"@type":"Answer","text":"RVII charges just over 4% in total management fees, paid to a Robinhood-owned entity. 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