Robinhood Opens Pre-IPO Investing to Retail Without Accredited Investor Threshold

Robinhood Ventures Fund I (NYSE: RVI), which launched via IPO in March 2026, allows any retail investor to own stakes in private companies including OpenAI, Stripe, and ElevenLabs—investments historically restricted to accredited investors with $1 million-plus net worth. The fund deployed its first major capital allocation on April 22, a $75 million investment in OpenAI. Over 150,000 retail investors participated in RVI's IPO, circumventing traditional six-figure minimums that characterize institutional venture access.