v3.26.3
Organization
3 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization Organization
Robinhood Ventures Fund II (the “Company”) was organized as a Delaware statutory trust on February 27, 2026, and commenced its operations on March 16, 2026. The Company is a diversified, closed-end management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company is governed by its Board of Trustees (the “Board”).
The Company’s common shares of beneficial interest (the “Shares”) are listed on the New York Stock Exchange (“NYSE”) under the symbol “RVII” and commenced trading on August 13, 2026. The Company is authorized to issue an unlimited number of Shares, without par value.
On August 14, 2026, the Company effected a reverse split of its Shares, pursuant to which each outstanding Share was converted into 0.97658 Shares. The reverse split reduced the number of Shares outstanding from 1,091,957 to 1,066,384. All share and per share amounts in these financial statements and the accompanying notes have been adjusted retroactively to give effect to the reverse split for all periods presented.
As of June 30, 2026, there were 930,583 Shares outstanding, all of which were owned by Robinhood Markets, Inc. (the “Affiliate”). Refer to Note 10 for information regarding the reverse split and the Company’s initial public offering (“IPO”).
In pursuing its investment objective, the Company primarily invests, under normal circumstances, in a diversified portfolio of early-stage and growth-stage private companies that, in the view of Robinhood Ventures DE, LLC (the “Adviser”), demonstrate significant growth potential (each, a “Promising Company”). The Company focuses its investments on Promising Companies that are current or previous participants in the Y Combinator startup accelerator program, or companies with a founder or co-founder that participated in the program (collectively, “YC Companies”), although it may also invest in Promising Companies that are not YC Companies. Y Combinator does not sponsor, endorse, or promote the Company and has no responsibility for the management or performance of the Company, and is not an affiliate of the Company or the Affiliate. The Company makes direct and indirect investments in Promising Companies, including follow-on investments, typically in the form of non-controlling equity and equity-related securities, including, but not limited to, simple agreements for future equity (“SAFEs”), common stock, warrants, convertible preferred stock, other equity or equity-linked securities or ownership interests in business enterprises, other forms of senior equity, which may or may not be convertible into a company’s common equity, and preferred stock and convertible debt securities. As of June 30, 2026, all investments were held directly in the form of SAFEs by the Company.
The Adviser is registered as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”) under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), and serves as the Company’s investment adviser and will be responsible for making investment decisions for the Company’s portfolio.
The Company’s fiscal year end is March 31.