Robinhood Ventures Fund II (NYSE: RVII), the publicly traded closed-end fund offering retail investors access to private companies, announced approximately $15.75 million in investments across 46 companies from Y Combinator’s Summer 2026 batch. Individual investments ranged from $100,000 to $600,000 per company, bringing the fund’s total portfolio to over 120 private companies.
- Total Investment: $15.75 million
- Number of Portfolio Companies: 46 new investments (120+ total)
- Investment Range per Company: $100,000 to $600,000
- Management Fee Structure: 2.00% base fee on net assets plus 20% incentive fee on realized capital gains
- Y Combinator Track Record: 5,000+ companies funded since 2005 with combined valuation exceeding $1.3 trillion
The investments span diverse sectors, including robotics, artificial intelligence, healthcare, and climate technology. Portfolio additions include Cosmic Robotics, DeepReach, IMPACT Drones, Praxis Robotics, and Floracene, among others. RVII focuses exclusively on companies that are current or previous participants in Y Combinator or have founders who participated in the accelerator program.
We built RVII to meet founders at the very earliest stages of their company’s life, with an emphasis on those that we believe have considerable growth potential. That’s exactly what this YC S26 batch represents, with forty-six promising new companies that show how deep this pipeline runs. We’re glad retail investors get to be a part of it.
– Sarah Pinto, Head of Robinhood Ventures
Y Combinator has produced some of the most ambitious founders in the world, and we’re hopeful this batch will be no different. Adding 46 new companies in a single batch reflects the pace and depth of the YC ecosystem, and our conviction in backing these founders early.
– Rich Aberman, Robinhood Ventures Fund II Portfolio Manager
RVII’s structure positions it as a democratized alternative to traditional venture capital, requiring no accreditation, no investment minimums, and offering daily liquidity as a publicly traded fund on the NYSE. The fund charges a 2.00% annual management fee on net assets and a 20% incentive fee on realized capital gains. Robinhood Ventures, an SEC-registered investment adviser and subsidiary of Robinhood Markets, Inc., serves as the investment adviser.
Early-stage venture investing carries substantial risk, though successful exits can generate outsized returns. Y Combinator-backed companies have produced over 100 unicorns valued above $1 billion since its founding in 2005. RVII uses its website announcements section and the Robinhood Newsroom as primary channels for material disclosures under SEC Regulation Fair Disclosure.
Sarah Pinto, Head of Robinhood Ventures. Source: LinkedIn
Rich Aberman, Robinhood Ventures Fund II Portfolio Manager. Source: LinkedIn
