- Robinhood Ventures Fund I (RVI) has purchased $25 million of preferred stock in AI infrastructure company Crusoe.
- The investment was part of Crusoe’s $3.9 billion Series F financing round, which closed on Aug. 31.
- Crusoe is a Denver-based AI infrastructure company that combines energy sourcing, data centers, and a cloud platform for AI workloads.
Robinhood Markets Inc.’s venture fund, Robinhood Ventures Fund I (RVI), announced it has purchased about $25 million of preferred stock in AI infrastructure company Crusoe as part of the firm’s $3.9 billion Series F financing round. The deal values Crusoe at $30.9 billion and closed on Aug. 31.
Crusoe is an AI infrastructure company headquartered in Denver, Colorado, that combines energy sourcing, AI-optimized data centers, and an AI cloud platform. Chase Lochmiller, Crusoe’s co-founder and CEO, said in a statement that AI will usher in “an era of abundance” through new scientific breakthroughs and unprecedented economic growth.
“This Series F lets us scale every layer for the world’s most ambitious AI builders,” Lochmiller added. Sarah Pinto, President of Robinhood Ventures Fund I, stated that Crusoe is building a unique, vertically-integrated AI infrastructure asset using new energy sources to power the next technology wave.
Robinhood CEO Vlad Tenev said in a post on X that the infrastructure behind AI matters as much as the models themselves. Notable investors in Crusoe also include NVIDIA Corp., Ark Invest, Atreides Management, and Valor Equity Partners.
On Stocktwits, retail sentiment around RVI stock slipped from ‘neutral’ to ‘bearish’ territory over 24 hours. Meanwhile, sentiment on HOOD stock improved from ‘bearish’ to ‘neutral’. RVI stock has gained more than 32% since its launch earlier this year.
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