Robinhood Ventures Fund I ^{Scheduled, NYSE: RVI}

The Fund is a newly organized Delaware statutory trust formed on August 22, 2025, and is registered under the 1940 Act as a closed-end, non-diversified, investment company. The Fund’s investment objective is to seek long-term capital appreciation. In pursuing its investment objective, the Fund will primarily invest, under normal circumstances, in a concentrated portfolio generally consisting of ten or more private companies that, in the view of the Adviser, are Frontier Companies. The Fund generally will seek to limit its investments in each Frontier Company to no more than 20% of its assets, measured at the time of purchase. Successful private companies have traditionally created significant value for investors in private markets, which have typically been reserved for accredited and institutional investors. The aggregate estimated value of private companies (excluding those organized as limited liability companies and limited partnerships) in the U.S. surpassed $10 trillion in the first quarter of 2025. The number of so-called “unicorns” (private companies that have achieved a capitalization of $1 billion or more) in the United States increased from an estimated 39 in 2013 to over 850 in 2026. Even as some of these private companies have become household names, exposure to them remains gated to the vast majority of retail investors. The Fund is designed to provide retail investors with exposure to a select group of private companies that the Adviser believes are capable of additional growth, through an investment vehicle with publicly listed shares that provide intra-day liquidity and a fee structure aligned with Robinhood’s mission to democratize finance for all.