Robinhood invested approximately $35 million in Stripe and ElevenLabs

Techub News reported, according to The Block, that Robinhood Ventures Fund I, traded on the NYSE under Robinhood, announced an investment of approximately $14.6 million to subscribe to Stripe's Class B common stock, and invested $20 million in AI audio company ElevenLabs to purchase its Series D preferred shares. The fund aims to provide retail investors with exposure to non-publicly traded companies, and its current holdings also include Revolut, which offers crypto trading services, as well as Airwallex, Boom, Databricks, Ramp, and others. Robinhood's management stated that it will continue to invest in cutting-edge fintech and artificial intelligence companies; Stripe owns the stablecoin platform Bridge.