Robinhood backs OpenAI

Robinhood’s venture fund said it bought about $75 million of OpenAI common stock on April 17, 2026, the company announced April 22, 2026. (markets.businessinsider.com) The purchase was made by Robinhood Ventures Fund I, a closed‑end fund that trades on the New York Stock Exchange under the ticker RVI. (robinhood.com) Robinhood’s statement named the holding as “one of the frontier artificial intelligence companies” and identified the stake as one of the fund’s largest positions to date. (markets.businessinsider.com) RVI began trading on the NYSE on March 6, 2026 after an IPO that raised roughly $658.4 million, and the fund is structured to give retail traders access to private companies. (robinhood.com) The fund’s public portfolio already lists late‑stage private companies including Stripe, Databricks, ElevenLabs, Ramp, Revolut and Oura. (robinhood.com) OpenAI recently closed a record funding round that raised roughly $122 billion, valuing the company at about $852 billion post‑money, according to OpenAI’s announcement on March 31, 2026. (openai.com) After Robinhood’s disclosure, RVI shares traded higher and closed April 22 at about $29.65 on the NYSE. (finance.yahoo.com) Analysts and watchdogs have cautioned that listed funds holding private, high‑valuation companies can expose retail investors to illiquidity and valuation risk; Morningstar previously warned RVI “could spell disaster” for some investors. (investmentnews.com) Robinhood says the OpenAI stake implements RVI’s mission to expand retail access to private markets; the fund’s filings and statements say investors can buy exposure through RVI on the NYSE under ticker RVI. (markets.businessinsider.com)