Robinhood Ventures Fund backs AI audio firm ElevenLabs

Robinhood Ventures Fund I (RVI) has announced significant investments in two high-profile tech companies: AI audio startup ElevenLabs and financial infrastructure giant Stripe. The fund disclosed its acquisition of $19.9 million in Series D Preferred Stock for ElevenLabs in a primary transaction. This move underscores RVI's strategy to offer retail investors exposure to emerging private market leaders.

The Robinhood Ventures Fund I investments, which began trading on the NYSE under the symbol RVI on March 6, 2026, also included a $14.6 million purchase of Stripe's Class B Common Stock through secondary transactions. Sarah Pinto, President of Robinhood Ventures Fund I, stated that both companies are pivotal in shaping the future of fintech and AI.

ElevenLabs Investment Details

ElevenLabs, founded in 2022 and based in London, is an AI research company specializing in audio and realistic speech generation. Its platforms, ElevenAgents, ElevenCreative, and ElevenAPI, serve millions of users and thousands of businesses globally. The company's focus on advanced AI audio models makes the ElevenLabs investment particularly noteworthy.

Stripe's Continued Growth

Stripe, a programmable financial services company established in 2010, provides a comprehensive suite of payment, revenue, and money management tools for businesses of all sizes. Its dual headquarters in South San Francisco and Dublin highlight its global reach.

RVI is structured as a closed-end fund, offering retail investors access to a curated portfolio of private companies without accreditation requirements or minimum investment thresholds. The fund's current holdings include companies such as Databricks, Ramp, and Revolut, with plans to add more over time.