AsianFin -- Robinhood announced Monday that it has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a new publicly traded investment vehicle designed to give retail investors access to startup equity.

The proposed fund, named “Robinhood Ventures Fund I,” would hold shares of private startups, offering everyday investors a chance to participate in early-stage growth opportunities that are typically limited to venture capital firms and institutional players.

While the filing is now public, the application remains incomplete. Key details — such as the number of shares to be issued, the fee structure, and specific startup holdings — have not yet been disclosed.

According to the paperwork, Robinhood expects the fund to target companies in sectors including aerospace and defense, artificial intelligence, fintech, robotics, and both consumer and enterprise software.