Robinhood's venture fund has attracted more than 150,000 retail investors since its launch, CEO Vlad Tenev announced. The fund provides retail investors with access to private technology companies that are typically only available to institutional investors.

The venture fund offers exposure to high-profile private companies including OpenAI, Stripe, Databricks, and Oura. These companies remain privately held and are not yet available for public trading on stock exchanges.

The strong retail investor interest demonstrates growing demand for access to private markets, which have traditionally been restricted to accredited investors and institutions. Robinhood's platform has historically focused on democratizing access to financial markets for retail investors.

The venture fund represents Robinhood's expansion beyond its core stock and cryptocurrency trading services into alternative investment products. The company has been diversifying its revenue streams as competition in commission-free trading has intensified across the brokerage industry.