Malka Meyer purchased $20.0M of HOOD (indirect holdings)

Robinhood is launching Robinhood Ventures Fund II (ticker RVII), a business development company offering 8 million shares at $25 each starting Aug. 13. The fund plans to raise $200 million, led by Goldman Sachs. It invests in Y Combinator-linked seed startups and charges a 2% management fee plus a 20% incentive fee, with estimated annual expenses of 4.18%. The prospectus labels the offering speculative and warns of potential discounts to net asset value.

Robinhood said it will list Robinhood Venture Fund II (RVII) on Aug. 13 at $25 per share, Reuters reported. The fund plans to raise up to $200 million to invest in startups founded by current or former Y Combinator participants, subject to share sales. Investors trade fund shares only. Fees include 2% management plus carry, with total just over 4%.

Robinhood (HOOD) shares rose about 5.3% after the company received U.K. regulatory approval from the FCA to offer crypto services and reported strong Q2 results. Revenue increased 32.25% year over year to $1.3 billion, EPS was $0.62, and prediction market revenue grew tenfold. Robinhood also announced a second ventures fund.

Robinhood Markets (HOOD) reported Q2 2026 results: revenue of $1.31B and EPS of $0.62, versus estimates of $1.26B revenue and $0.41 EPS. Net revenues rose 32% YoY to $1.31B, while crypto revenue fell 38% YoY to $100M. On July 31, its U.K. unit was added to the FCA’s registered crypto-asset list.

Robinhood (HOOD) reported Q2 results after the close July 29. It posted EPS of $0.62 on revenue of $1.31B, beating analysts’ $0.43 EPS and $1.28B revenue. The company said it lowered non-GAAP adjusted operating expenses and stock-based compensation to $2.675B-$2.775B, citing efficiencies. Shares fell despite the beats.

Robinhood’s UK unit joined the FCA’s crypto-asset register on July 31, enabling certain crypto services under the existing AML framework, ahead of broader UK authorization expected to start late September. The article cites Bernstein’s outperform rating and $160 HOOD price target, plus growth drivers like tokenization and prediction markets.