Robinhood Ventures Fund I (NYSE:RVI) has purchased approximately $25 million of Preferred Stock in Crusoe as part of the company’s $3.9 billion Series F financing round, which values the company at $30.9 billion. The deal closed on August 31, 2026.

“We believe Crusoe is building a unique, vertically-integrated AI infrastructure asset that uses new energy sources to run data centers and cloud platforms that can power the next technology wave,” said Sarah Pinto, President of Robinhood Ventures Fund I. “With its energy-first approach to powering the AI revolution, we think Crusoe is exactly the kind of frontier company investors should have access to.”

Crusoe, an AI factory company, is on a mission to accelerate the abundance of energy and intelligence. The company provides a reliable, scalable, cost-effective, energy-first solution for AI infrastructure. By harnessing large-scale energy sources, building AI-optimized data centers, and delivering a powerful AI cloud platform, Crusoe empowers its customers and partners to build the future faster.

Robinhood Ventures Fund I, which is the first fund from Robinhood Ventures, began trading on the New York Stock Exchange (NYSE) on March 6, 2026 under the symbol RVI.

RVI is a closed-end fund that provides investors exposure to a concentrated portfolio of primarily private companies that now includes Airwallex, Boom, Canva, Crusoe, Databricks, ElevenLabs, Mercor, OpenAI, Oura, Ramp, Revolut, SpaceX, Stripe, and Whatnot with additional companies expected to be added over time.