Robinhood Ventures Fund Invests $25 Million in Crusoe

Robinhood Ventures Fund I has invested approximately $25 million (34.5 billion KRW) in AI infrastructure company Crusoe, according to a company announcement on August 17. The investment was made through the purchase of preferred shares, part of Crusoe's Series F funding round valued at $3.9 billion (approximately 5 trillion 386 billion KRW). The transaction is set to close on August 31.

TechCrunch reported that Crusoe has achieved a valuation of $30.9 billion (approximately 4.2673 trillion KRW) in this funding round, as the company builds large-scale data centers and AI-specific cloud infrastructure.