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Riding an AI rally, Robinhood preps second retail venture IPO

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Just two months after listing its first venture fund on the stock market, Robinhood is preparing to launch a second. The company has filed a confidential registration for RVII, a standard regulatory step that allows it to work through the approval process before making details public.

Unlike its first fund, which currently holds stakes in 10 late-stage companies — Airwallex, Boom, Databricks, ElevenLabs, Mercor, OpenAI, Oura, Ramp, Revolut, and Stripe — RVII will cast a wider net, investing in growth-stage and early-stage startups. It’s a meaningful distinction, given that early-stage startups are younger and carry more risk but also offer the potential for greater returns.

The fundraising target for RVII has not yet been set, the company said in a blog post. For its inaugural fund, Robinhood sought to raise $1 billion but ultimately fell several hundred million short of that goal.

Despite the shortfall, the first fund has performed strongly. RVI — the ticker for Robinhood’s first fund, which trades on the NYSE (New York Stock Exchange) — debuting on the NYSE at $21 a share in early March and has since more than doubled, closing on Monday at $43.69. Market enthusiasm for the AI prospects of the fund’s underlying startups has likely fueled the stock’s rise.

The premise behind both funds addresses a longstanding gap in who gets to invest in startups. Under federal rules, only “accredited” investors — those with a net worth exceeding $1 million or annual income above $200,000 — can put money into private companies. That has historically locked ordinary investors out of the earliest and most lucrative stages of a company’s growth. RVI and now RVII, are designed to change that, letting anyone invest in a portfolio of private startups through a regular brokerage account.

“You can think of [Robinhood Ventures] as a publicly traded venture capital firm with daily liquidity. No accreditation requirements and no carry,” Robinhood CEO Vlad Tenev said in an interview at The Wall Street Journal’s Future of Everything conference last week. Daily liquidity means shares can be bought or sold any day the market is open, unlike traditional VC funds, where capital is locked up for years. No carry means Robinhood doesn’t take a percentage of investment profits, as conventional venture firms typically do.

Over the past few years, the most valuable AI startups have gone from early bets to companies worth tens or hundreds of billions of dollars, and almost all of that appreciation has happened in the private markets, out of reach for most investors.

Tenev’s longer-term vision goes further still. “The aspiration is, if you’re a company raising a seed round and a Series A round — so, just first capital — retail should be a big chunk of that round, much like it now is in the public markets,” Tenev said at the conference. “And we should let those people in at the ground floor, so that they can actually benefit from this potential appreciation that’s increasingly happening in the private markets.”

If that vision takes hold, it could fundamentally change how startups raise their earliest capital, with retail investors eventually sitting alongside venture firms, including in the earliest rounds, where the biggest returns are often made, a whole lot of money is lost, as well.

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2027: Ex-Oyo LG chair, Oladeji dumps APC for APM 

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A former Chairman of Aare Latosa Local Council Development Area (LCDA) in Oyo State, Hon. Adekunle Oladeji, has dumped the All Progressives Congress (APC).

Oladeji, who left the APC, has joined the Allied Peoples Movement (APM).

DAILY POST gathered that Oladeji served as chairman of the LCDA during the tenure of the immediate past governor of the state, Senator Abiola Ajimobi.

The LCDA is one of the LCDAs under Ibadan North Local Government Area.

Our correspondent gathered that Oladeji’s father, Alhaji B.A.O. Oladeji, served as Oyo South Senatorial District Chairman of the Action Congress of Nigeria (ACN), one of the political parties that merged to form the APC between 2014 and 2015.

His father remains a major stakeholder in the APC in the state.

DAILY POST gathered that while the father remains a key figure in the APC, the son has moved to the APM.

It was learnt that the younger Oladeji has publicly declared his support for the APM governorship candidate, Mr. Bimbo Adekanmbi, and Governor Seyi Makinde, who is the party’s presidential candidate.

Oladeji, when contacted, confirmed the development to DAILY POST on Saturday.

Speaking, he noted that he had dumped the APC and joined the APM ahead of the 2027 elections.

In a short message sent to DAILY POST, Oladeji said the news of his defection to the APM was true.

“Yes. It is confirmed,” he said.

2027: Ex-Oyo LG chair, Oladeji dumps APC for APM 

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Historic Wheelchair Basketball Debut Ends In Heartbreak As Scotland Crush Nigeria, But Commonwealth Games Dream Lives On

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Team Nigeria’s historic debut in wheelchair basketball at the Glasgow 2026 Commonwealth Games began with a tough lesson on Saturday as the women’s team suffered a 16-1 defeat to host nation Scotland in a Pool B encounter at SEC Hall 4.

Playing before a lively home crowd, the Scots produced a dominant display, combining clinical finishing, quick ball movement and disciplined defending to overwhelm the Nigerian side from the opening whistle.

Read Also: Glasgow 2026: Another Knockout Blow For Team Nigeria As David Akintola Crashes Out Of Commonwealth Games

Scotland seized control of the contest early, dictating possession and setting the tempo with relentless attacking play. Nigeria struggled to break through the hosts’ well-organised defence, while Scotland capitalised on almost every scoring opportunity to gradually extend their advantage.

Despite the one-sided scoreline, the Nigerian players refused to give up, battling until the final buzzer in what was their first taste of Commonwealth Games wheelchair basketball.

The defeat was a disappointing result for Team Nigeria, particularly after the country’s encouraging performances in other events, where the delegation has already secured three gold and three silver medals, all from para powerlifting, while the women’s 3×3 basketball team also opened its campaign with victory over the Cayman Islands.

However, beyond the result lies a story of history and progress.

The Glasgow Games mark the first time Nigeria has qualified a wheelchair basketball team for the Commonwealth Games, making the country’s participation a landmark achievement for the sport. Reaching the Games is the culmination of years of development and growing investment in para sports, placing Nigeria among the Commonwealth’s elite wheelchair basketball nations for the very first time.

Although Scotland proved too strong on the day, the defeat does not end Nigeria’s campaign.

The wheelchair basketball competition is being played in a round-robin group format, meaning every team is guaranteed additional Pool B matches before the knockout and classification stages. Nigeria therefore remains in contention and still has opportunities to improve its standing and fight for a place in the latter rounds.

For the coaching crew, the immediate challenge will be to analyse the shortcomings exposed by the hosts, rebuild confidence and prepare the players for the crucial fixtures ahead.

The experience gained against one of the tournament favourites could prove invaluable as the Nigerians continue their historic journey on the Commonwealth stage.

Sports247, reporting from Glasgow, observed that there was no sense of resignation in the Nigerian camp after the final whistle. Coaches and officials quickly rallied around the players, reminding them that this tournament is about far more than one result. As Nigeria’s first-ever wheelchair basketball team to qualify for the Commonwealth Games, they have already etched their names into the country’s sporting history.

With more Pool B matches still to come, Team Nigeria now has the chance to transform the disappointment of its opening defeat into renewed determination. Every remaining game offers another opportunity to chase a first Commonwealth Games victory, build valuable international experience and inspire the next generation of wheelchair basketball players across Nigeria.

Sports247 Medal Watch – Team Nigeria

🥇 Gold: 3

🥈 Silver: 3

🥉 Bronze: 0

Total: 6

Medal Winners

🥇 Esther Nworgu – Women’s Lightweight Para Powerlifting (Commonwealth Games Record)

🥇 Folashade Oluwafemiayo – Women’s Heavyweight Para Powerlifting (World Record)

🥇 Riluwan Idris – Men’s Heavyweight Para Powerlifting

🥈 Roland Ezuruike – Men’s Lightweight Para Powerlifting

🥈 Esther Oyema – Women’s Lightweight Para Powerlifting

🥈 Rita Ferdinand – Women’s Heavyweight Para Powerlifting (World Record)

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