Connect with us

News

Riding an AI rally, Robinhood preps second retail venture IPO

info

Published

on

Vlad tenev robinhood GettyImages 2272038864.jpg

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.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Flamingos Cruise to 3–0 Victory Over Generation Next Queens in Training Match

info

Published

on

By

IMG 20260911 WA0351.jpg

Nigeria’s Flamingos continued preparations for their upcoming assignment with a comfortable 3–0 victory over Generation Next Queens in an 80-minute training match.

The encounter provided the national U-17 women’s team with another opportunity to test their readiness, assess their options and build match sharpness ahead of their competitive engagements.

The Flamingos made a bright start and took the lead as early as the sixth minute through an own goal by Blessing Ibrahim, giving the national side an early advantage.

Nigeria continued to control proceedings and doubled their lead eight minutes later when Mary Dunstan found the back of the net in the 14th minute.

Generation Next Queens attempted to respond, but the Flamingos maintained their control and went into the interval with a two-goal advantage.

The national U-17 side continued in similar fashion after the restart and added a third goal in the 49th minute, with Gbemisola Jaiye unfortunately turning the ball into her own net.

The Flamingos subsequently managed the remainder of the encounter to secure a comprehensive 3–0 victory at the end of the 80-minute contest.

Although it was only a training match, the fixture offered valuable competitive minutes for the Flamingos as the coaching crew continues to work on the team’s tactical organisation, combinations and overall match fitness.

The performance also gives the players an opportunity to build confidence, particularly with the team’s preparations focused on ensuring they are ready for the demands of their upcoming competitive fixtures.

The Flamingos will now continue their preparations, with the technical crew expected to use lessons from the encounter to fine-tune the squad ahead of their next assignment.

The 3–0 victory over Generation Next Queens provides another positive result for Nigeria’s U-17 women as their preparations continue.

Continue Reading

Business

Nigeria’s Seed Council, PIND partner to expand certified seed access

info

Published

on

By

793869172 1408160004754781 5596443620232238354 n e1789164006125.jpg

MTN ADVERT

Farmers across the Niger Delta are set to gain greater access to certified seeds and quality planting materials following a two-year partnership between the National Agricultural Seed Council (NASC) and the Foundation for Partnership Initiatives in the Niger Delta (PIND).

The organisations signed a Memorandum of Understanding (MoU) at NASC’s corporate headquarters in Abuja to expand community-based seed production, strengthen certification and inspection, develop local seed enterprises and mobilise investment in Nigeria’s domestic seed industry.

The partnership combines NASC’s regulatory and quality-assurance mandate with PIND’s market systems expertise and networks of Community Seed Entrepreneurs, Farm Service Providers, Business Service Providers, research institutions and private-sector partners.

Speaking at the signing ceremony, NASC Director-General, Fatuhu Muhammed, said the agreement would help bring quality-assurance services closer to farmers and seed producers.

“A productive agricultural sector begins with quality seeds. By working with PIND and its networks across the Niger Delta, NASC can extend certification and inspection services to more communities, protect farmers from poor-quality planting materials and create stronger pathways for investment in Nigeria’s seed industry,” Mr Muhammed said.

PT WHATSAPP CHANNEL

PIND’s Executive Director, Sam Daibo, said the partnership would help move proven community-level interventions to institutional adoption and scale.

“Many farmers understand the value of quality seeds but cannot access certified planting materials when and where they need them. By combining NASC’s regulatory leadership with PIND’s market systems experience, we can close that gap, strengthen local seed enterprises and help farmers build more productive and commercially viable livelihoods,” Mr Daibo said.

From cassava to other crops

The MoU formalises a collaboration dating back to 2016 through the Building an Economically Sustainable Seed System for Cassava programme, implemented in partnership with the International Institute of Tropical Agriculture (IITA) and the National Root Crops Research Institute (NRCRI).

The collaboration later expanded into community-based cassava seed multiplication, with NASC certifying seed plots across the Niger Delta.

Under the new framework, NASC and PIND will expand NASC-certified community seed multiplication across the region.

NASC will lead certification and quality assurance, while PIND will support enterprise development, technical assistance and market linkages.

According to the statement, the partners will also extend NASC’s Licensed Seed Inspectors Scheme into the Niger Delta, drawing potential candidates from PIND’s Farm Service Provider and Business Service Provider networks.

The partnership will further promote domestic seed production for high-demand vegetables, including tomato, pepper and cucumber, while expanding access to cassava, banana and yam planting materials produced through NASC’s PROSSIVA programme, the statement said.

It said the agreement will also support the Mastercard Foundation-funded WISE programme by enabling NASC to certify Community Seed Entrepreneurs trained to supply quality cassava planting materials to women producers across the Niger Delta.

ALSO READ: NBMA disposes of 950kg of unapproved GM cotton seeds

The partnership’s first major joint deliverable will be the Nigeria Seed Systems Forum 2026 in Abuja.

The forum is expected to bring together policymakers, regulators, researchers, investors, seed companies, development partners and farmers to advance policy, investment and market action in Nigeria’s seed sector.

A Joint Technical Working Group comprising representatives of NASC and PIND will coordinate implementation and track progress under the agreement.

Through the partnership, the organisations aim to strengthen the connection between regulation, research, enterprise development and markets, bringing certified seeds closer to farmers while supporting a stronger and more commercially sustainable seed industry in Nigeria.


Discover more from Premium Times Nigeria

Subscribe to get the latest posts sent to your email.

Continue Reading

Trending