Robinhood Ventures puts $10M into Cognition via its public fund

Robinhood Ventures invested $10 million in AI coding startup Cognition, Fortune reported, marking the first time Robinhood has disclosed its participation in Cognition's September Series E. That round raised more than $2 billion at a $48 billion valuation, with Andreessen Horowitz, Accel and Founders Fund among the backers. The stake is held through Robinhood Ventures Fund I, a publicly traded closed-end fund that began trading in March and lets retail investors buy and sell shares on an exchange instead of securing direct stakes in private companies. The Cognition check follows a $75 million Robinhood Ventures investment in OpenAI in April.

AI-generated from reports · 2 hours agoUpdate

Not enough continuous observation data yet; trend chart is not drawn for now.