Robinhood has filed for SEC approval to launch Robinhood Ventures Fund I, a venture capital fund designed to give everyday investors access to private companies before they go public. Managed by Robinhood Ventures, a new subsidiary, the fund aims to democratize private market investments and will be traded on the New York Stock Exchange, pending regulatory approval. This initiative follows Robinhood's previous attempt to offer private equity tokens in the EU, which faced criticism. CEO Vlad Tenev highlighted the fund's potential to address the shrinking number of public companies in the U.S. by investing in select private firms through their IPOs and beyond.