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Filed Pursuant to Rule 424(b)(1)

Registration File No.: 333-290253

PROSPECTUS

12,615,608 Shares

Robinhood Ventures Fund I

Common Shares

$25.00 per share

The Fund. Robinhood Ventures Fund I (the “Fund”) is a newly organized Delaware statutory trust registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an externally managed, non-diversified, closed-end investment company with limited operating history.

This is the initial public offering of the Fund’s common shares of beneficial interest, without par value (the “Shares”), and no public market currently exists for the Shares. The Fund is offering 12,615,608 Shares. The initial public offering price per Share is $25.00.

The Investment Objective. The Fund’s investment objective is to seek long-term capital appreciation. There can be no assurance that the Fund’s investment objective will be achieved.

Listing. The Shares have been approved for listing, subject to official notice of issuance, on the New York Stock Exchange (“NYSE”) under the symbol “RVI.”

No Prior History. Because the Fund is newly organized, it has limited operating history, and its Shares have no history of public trading. The Fund has made limited investments using the proceeds of a seed capital investment by Robinhood Markets, Inc. (“Robinhood”). Shares of closed-end investment companies frequently trade at a discount from their net asset value. The risk of loss due to this discount may be greater for investors expecting to sell their shares in a relatively short period after the completion of this offering.

Investing in the Shares is speculative and involves certain risks. See “Risks” beginning on page 38 of this Prospectus. You should carefully consider these risks together with all of the other information contained in this Prospectus before making a decision to purchase Shares.

Neither the SEC nor any state securities commission has approved or disapproved of these securities or determined if this Prospectus is truthful or complete. Any representation to the contrary is a criminal offense.


	Per Share		Total(1)
Initial Public Offering Price	$	25.00	315,390,200.00
Sales Load(2)	0.8750 /3.500 %		11,038,657 /3.500 %
Proceeds to the Fund before Expenses(3)	$	24.1250	304,351,543.00

(notes on next page)

The Underwriter expects to deliver the Shares against payment in New York, New York on March 9, 2026.

Goldman Sachs & Co. LLC

Prospectus dated March 5, 2026.

(notes continued from front cover)

(1)The underwriter is obligated to purchase all the Shares sold in the offering, which represent 12,615,608 of the Fund’s outstanding voting securities. In addition, under the terms of the Underwriting Agreement (as defined later in this Prospectus), the Fund has granted the underwriter an option, exercisable within 30 days after the date of this Prospectus, to acquire up to an additional 15% of the total number of the Fund’s Shares to be offered in the offering, solely for the purpose of covering over-allotments. If this option is exercised in full, the total public offering price, sales load, and proceeds to the Fund, will be $362,698,725, $12,694,455 and $350,004,270, respectively. A portion of the Fund’s Shares offered by this Prospectus will be offered through Robinhood Financial LLC (“Robinhood Financial”), acting as a selling group member, to allocate for sale to its customers through its IPO Access feature on the Robinhood platform. Any such sales will be made at the same initial public offering price, and at the same time, as any other purchases in this offering. Robinhood Financial will not retain any fees or other amounts received in connection with providing this service to the Fund. See “Underwriting” in the Prospectus and “Potential Conflict of Interest” in the SAI (as defined below).

(2)The Fund’s principal underwriter, Goldman Sachs & Co. LLC (the “Underwriter”), will deduct from the gross offering proceeds a sales load of $11,038,657, which is 3.500% of the gross proceeds from the sale of the Fund’s Shares in the offering. The effect of the aggregate sales load will immediately reduce the net asset value of each Share purchased in this offering. If the Underwriter exercises its option to acquire up to an additional 15% of the total number of Shares to be offered in the offering, the sales load on Shares sold pursuant to that option will be 3.500% of the gross proceeds from the sale of the Fund’s Shares upon exercise of the Underwriter’s option. See “Summary of Fees and Expenses” and “Underwritin

SEC Form 424B1 filed by Robinhood Ventures Fund I