Robinhood Ventures Fund I technology investments

Overview

Robinhood Ventures Fund I (RVI) has expanded its portfolio through investments in frontier technology companies. The fund completed a $10 million investment in Cognition, an artificial intelligence company that developed Devin, an autonomous software engineering platform. Cognition’s technology, which is used by institutions such as Goldman Sachs and Mercedes-Benz, has recently surpassed a $1 billion annualized revenue run rate.

In a separate move, the fund purchased $30 million of preferred stock in Erebor Bank, a US-based nationally chartered lender focused on the innovation economy, including defense technology, hard tech, and crypto businesses. The investment strategy aims to provide public-market investors with exposure to private technology companies.

Entities

Robinhood Ventures Fund I · Goldman Sachs · New York Stock Exchange · Devin · Erebor Bank

Timeline

1 day ago

[BUSINESS] 3 sources
Robinhood Ventures Fund I invests $10 million in Cognition
Robinhood Ventures Fund I has invested $10 million in Cognition, the AI company behind the autonomous coding agent Devin.
6 days ago

[BUSINESS] 2 sources
Robinhood Ventures Fund I invests in Cognition and Erebor Bank
Robinhood Ventures Fund I has invested $10 million in AI software firm Cognition and $30 million in US-based Erebor Bank.

Sources

cryptobriefing.com · fxnewsgroup.com · pulse2.com · roboticsandautomationnews.com · theNEXTweb.com