Robinhood Ventures Fund I

The Company will bear the expenses of the solicitation of proxies. In addition to the solicitation of proxies by internet or mail, officers of the Fund and officers and regular employees of Robinhood Ventures DE, LLC (the “Adviser”), Equiniti Trust Company, LLC (“EQ”), the Fund’s transfer agent, U.S. Bancorp Fund Services, LLC (“US Bank”), the Fund’s administrator, and affiliates of the Adviser, EQ, US Bank or other representatives of the Fund may also solicit proxies by telephone, email, the internet or in person. No additional compensation will be paid to such officers and regular employees for such services. The expenses incurred in connection with the solicitation of proxies, including costs related to the tabulation of proxies, the fees of the proxy soliciting agent, and the cost of preparation, printing and mailing of the Proxy Statement and its enclosures, will be paid for by the Fund. The Fund will also reimburse brokerage firms and others for their expenses in forwarding solicitation materials to the beneficial owners of the Fund’s Shares (as defined below) and obtaining their proxies. The Fund has engaged Mediant Communications Inc., a BetaNXT business (“Mediant”), to assist in the distribution of proxy materials, collect voting instructions, and serve as master tabulator. Mediant will also serve as the Inspector of Election.

If the Fund does not receive your proxy by a certain time, you may receive a telephone call from the proxy soliciting agent asking you to vote.

The Fund will furnish a copy of its most recent annual report, which includes its audited financial statements for the fiscal year ended March 31, 2026, and semi-annual report for the six months ended September 30, 2026, when available, to any shareholder upon request, without charge. Requests for the annual and semi-annual reports may be made by mail to the Fund at 85 Willow Road, Menlo Park, CA 94025, by calling the Fund at 877-389-1648, or via the internet at https://robinhood.com/us/en/ventures/rvi.

If the enclosed proxy card is properly executed and returned in time to be voted at the Meeting, the Shares represented thereby will be voted “FOR” the proposal listed in the Notice of 2026 Virtual Annual Meeting of Shareholders, unless instructions to the contrary are marked thereon, and in the discretion of the proxy holders as to the transaction of any other business that may properly come before the Meeting. Any shareholder who has given a proxy has the right to revoke it at any time prior to its exercise either by attending the Meeting and voting his or her Shares in person or by submitting a letter of revocation or a later-dated proxy to the Fund at the above address prior to the date of the Meeting.

The holders of one third of the Shares entitled to vote on any matter at the Meeting present in person or by proxy shall constitute a quorum at the Meeting for purposes of conducting business. In the absence of a quorum, the Meeting may be adjourned by either a vote of a majority of the Shares present and entitled to vote at the Meeting, or by the chair of the Meeting in his sole discretion. If a quorum is present, the persons named as proxies will vote those proxies that they are entitled to vote “FOR” any proposal in favor of such adjournment and will vote those proxies required to be voted “AGAINST” any proposal against such adjournment. Notice of the date, time and place to which the Fund’s Meeting is adjourned shall be given at least ten days and not more than ninety days prior to such date. Any adjourned meeting may be held as adjourned one or more times without further notice not later than 120 days after the original Meeting date.

The close of business on September 21, 2026, has been fixed as the “Record Date” for the determination of shareholders entitled to notice of and to vote at the Fund’s Meeting and all adjournments thereof. The Record Date shall continue to apply to the Fund’s Meeting if adjourned, except if the Meeting is adjourned to a date more than 120 days after the original Meeting date, in which case a new record date will be determined. Any proxy statement received from a shareholder of record on both the Record Date and the new record date shall remain in full force and effect unless explicitly revoked by such shareholder.

The Fund has one class of capital stock: common shares of beneficial interest, without par value (the “Shares”). Each full Share shall be entitled to one vote and fractional Shares shall be entitled to a vote of such fraction. As of the Record Date, there were 27,247,215 Shares outstanding.

The Meeting will be held in a virtual meeting format only. The online meeting format for the Meeting will enable full and equal participation by all Fund shareholders from any place in the world. We designed the format of the Meeting to ensure that Fund shareholders who attend the Meeting will be afforded the same rights and opportunities to participate as they would at anin-person meeting and to enhance shareholder access, participation and communication through online tools. Shareholders may submit and upvote questions to the Fund ahead of the meeting using the Q&A platform developed by Say Technologies (“Say”). You may visit https://app.saytechnologies.com/robinhood-ventures-fund-i-2026-annual to submit and upvote questions (or you may do so directly in your brokerage’s investing app, if supported). The Q&A platform will be open to submit and upvote questions starting November 11, 2026, at 5:00 p.m. Pacific time. Shareholders will be able to submit and upvote questions until November 19, 2026, at 5:00 p.m. Pacific time. We will address a selection of the most upvoted questions during the meeting.

We will have technicians ready to assist you with any technical difficulties you may have accessing the live webcast. If you encounter any difficulties while accessing the Meeting during thecheck-in or meeting time, a technical assistance phone number will be made available on the Meeting registration page, 15 minutes prior to the start time of the Meeting. The virtual meeting platform is fully supported across browsers (Firefox, Chrome, Edge and Safari) and devices (desktops, laptops, tablets, and cell phones) running the most updated version of applicable @software and plugins. Participants should ensure that they have a strong WiFi connection wherever they intend to participate in the Meeting. Participants should also give themselves plenty of time to log in and ensure that they can hear audio prior to the start of the Meeting.

To authorize a proxy to vote electronically via the Internet, go to www.proxypush.com/RVI and follow the instructions. Please have your Notice or proxy card in hand when accessing the website, as it contains a control number required to record your voting instructions via the Internet. If you have access to a touch-tone telephone, you may authorize your proxy by dialing 1-866-883-6448 and following the recorded instructions. You will need the control number included on your Notice or proxy card in order to record your voting instructions by telephone. If you hold shares through a broker, bank, trustee or nominee and want to participate in the Meeting, you must follow the instructions you receive from your broker, bank, trustee or nominee. Online check-in will begin at 8:45 a.m., Pacific Time on November 20, 2026. Please allow time for online check-in procedures. If you requested a paper copy of our proxy materials, follow the instructions printed on the paper proxy card to authorize a proxy to vote via the Internet, by telephone or by completing and returning the paper proxy card. The individuals named and designated as proxies will vote your shares in accordance with your instructions.

You may cast one vote for each share of common shares of beneficial interest of the Fund that you owned as of the Record Date for each matter submitted for a vote at the Meeting. Each share of the Fund’s common shares of beneficial interest has equal voting rights with all other shares of the Fund’s common shares of beneficial interest, which is the only class of voting securities outstanding of the Fund. As of the close of business on the Record Date, the Fund had 27,247,215 shares of beneficial interest outstanding.

In order that your Shares may be represented at the Meeting, you are requested to vote on the following matter: