Robinhood Ventures Fund II invests in Didit

Some news we are proud to share: Robinhood Ventures Fund II has invested in Didit. Didit is part of the portfolio that the fund brings to the New York Stock Exchange under the ticker RVII.

For a company whose whole reason to exist is opening up infrastructure that used to be reserved for large enterprises, being part of a fund built to open up venture capital itself feels exactly right.

What Robinhood Ventures Fund II is

Venture capital has historically been closed to almost everyone. If you were not a fund LP or an accredited insider, your first chance to own a piece of a great company came at its IPO — often a decade after the value was created.

Robinhood Ventures Fund II is Robinhood's answer to that. It is a closed-end fund (a business development company, regulated under the Investment Company Act of 1940) managed by Robinhood Ventures, an SEC-registered investment adviser and subsidiary of Robinhood Markets. Instead of a private LP base, the fund lists a fixed number of shares on the New York Stock Exchange, where anyone with a brokerage account can buy them.

"Retail investors no longer have to wait until a company's IPO to be part of an early growth journey," is how Sarah Pinto, Head of Robinhood Ventures, put it at the fund's announcement.

The mechanics, briefly:

Ticker	RVII (NYSE)
Structure	Closed-end fund / BDC
Expected IPO	August 13, 2026, at an expected $25.00 per share
Share request window	Open through August 12, 2026
Portfolio	~80 private companies at IPO, with more added over time
Adviser	Robinhood Ventures (Robinhood Markets subsidiary)
Fees	2.00% annual management fee, 20% incentive fee on realized gains
Transparency	Holdings published quarterly in the Robinhood app and in SEC filings

Inside the portfolio

The fund's thesis leans on Y Combinator. RVII invests primarily in early- and growth-stage companies that went through the Y Combinator accelerator or were founded by YC alumni — a pool of more than 5,000 companies funded since 2005, together worth over $1.3 trillion. "Y Combinator has one of the strongest track records in venture," said Rich Aberman, the fund's portfolio manager. (Y Combinator itself does not sponsor or endorse the fund.)

Didit fits that thesis from both sides: we are a Y Combinator-backed company, and we sell the kind of infrastructure the rest of the portfolio increasingly depends on.

The fund is deliberately diversified. As of the July 15, 2026 snapshot published by Robinhood, the sector allocation looks like this:

Sector	Allocation
Technology	64.3%
Industrials	9.0%
Financial services	7.8%
Healthcare	6.7%
Consumer cyclical	2.2%
Energy	1.1%
Communication services	1.1%
Cash and equivalents	7.4%

Position sizing is deliberately even, too: outside a couple of anchor positions, most holdings — Didit among them — sit at roughly 1% of the fund each. The exact weights will be published with each quarterly disclosure.

Why identity infrastructure

Every company in a portfolio like this one eventually meets the same problem: proving who is on the other side of the screen. Fraud is now industrialized — deepfakes, injection attacks, synthetic identities — and regulation is expanding at the same pace.

Didit is infrastructure for identity and fraud. Four product lines — User Verification, Business Verification, Transaction Monitoring, and Wallet Screening — behind one API, one workflow builder, and one dashboard:

• 2,000+ companies run verification on Didit today.
• Coverage for 220+ countries and territories and 14,000+ document types, in 48+ languages.
• Sub-2-second p99 decisions, with 200+ real-time AI fraud signals including deepfake and injection detection.
• Screening against 1,300+ AML watchlists, with full KYC from $0.33 per verification and 500 free verifications every month.

That is the company Robinhood Ventures chose to put in the portfolio, and we intend to keep earning the spot.

What changes for Didit customers

Nothing in your integration, and nothing in our pricing. Didit remains an independent company; Robinhood Ventures joins backers including Y Combinator on our cap table. What the investment does change is trajectory: more capital behind the roadmap, and a very public incentive to keep shipping — because from August 13 onward, anyone who believes in what we are building can literally own a piece of the journey through RVII.

The fine print

A transparency note, because we sell to compliance teams and they would expect nothing less: this post is an announcement, not investment advice, and not an offer to sell securities. Didit is not selling shares to the public — RVII is a fund managed by Robinhood Ventures that holds a stake in Didit alongside ~80 other companies. Early-stage investing is risky and illiquid; anyone considering RVII should read the fund's prospectus and risk disclosures on robinhood.com before requesting shares.

To Sarah, Rich, and the Robinhood Ventures team: thank you for the trust. To everyone building on Didit: this one is as much yours as ours.