Robinhood Ventures Fund II Form 10-Q — Sep 28, 2026
Robinhood Ventures Fund II filed its first 10-Q as a newly formed BDC covering the quarter ended June 30, 2026, reporting net assets of $22.3 million and a portfolio of $19.6 million invested entirely in SAFEs across roughly 79 early-stage companies, mostly Y Combinator alumni. The quarter showed net investment income of $219,183, driven solely by organizational cost reimbursement from affiliate Robinhood Markets, which management disclosed was reversed upon the IPO. NAV per share declined from $24.72 to $23.95, a -3.11% total return.
Key figures
- Net Income
- 219183
- Total Assets
- 25815396
- Cash Position
- 2996280
- Shares Outstanding
- 930583
- Q2 investments
- $10,750,000 in 43 new portfolio companies
- Ipo net proceeds
- $191,000,000 (sales load $9,000,000)
- Total return nav
- -3.11%
- Ipo gross proceeds
- $200,000,000 (8,000,000 shares at $25.00)
- Reverse split ratio
- 1 into 0.97658 shares
- Employee fund issuance
- $3,245,614 (135,801 shares at $23.90)
- Net assets june 30 2026
- $22,287,532
- Investments at fair value
- $19,600,000 (100% SAFEs, 87.9% of net assets)
- Nav per share june 30 2026
- 23.95
- Nav per share march 31 2026
- 24.72
- Organizational costs reimbursed
- $1,682,371
- Expense ratio without reimbursement
- 9.22%
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