Robinhood is launching a second publicly traded closed-end fund that invests in private companies connected to startup accelerator Y Combinator. Bloomberg reports the company begins formal marketing for the fund, which targets private companies that have participated in Y Combinator programs. The Next Web adds that Robinhood Ventures Fund II has filed to sell 7.6 million shares at $25 each, with pricing expected after the market close on August 12. The fund is structured as a closed-end fund and is intended to trade on the New York Stock Exchange, where it will use the ticker RVII. Both outlets describe the fund’s investment focus as companies from the Y Combinator ecosystem, rather than investing in publicly listed stocks. The reports also frame the offering as broadly accessible, with shares available for purchase by retail and other investors through the public markets. The coverage does not detail the fund’s specific investment strategy beyond its Y Combinator-linked private-company mandate or the expected fundraising proceeds beyond the stated share count and price.