Fundrise Lists Venture-Focused Fund on NYSE Fundrise, an online investment platform, has listed its first venture fund, the Fundrise Innovation Fund (VCX), on the New York Stock Exchange (NYSE). In an email, the company stated that starting today, anyone regardless of net worth can invest in the next generation of world-changing companies through VCX. This milestone marks the culmination of nearly 15 years of work and a singular focus on empowering individual investors. The fund’s top holdings as of February 26 include undisclosed details, though the Fund charges investors a 1.85% fee. While the inception date of VCX was July 2022, it only began trading yesterday. With several years of performance under its belt, the fund has reported a total return of 84.44% since its launch. Year-to-date returns stand at 13.43%, while one-year returns are 63.27%. Shares of VCX have seen significant growth since its listing, currently trading around $120 per share. Fundrise has evolved since its launch as a platform for investing in individual properties, initially in Washington, DC. The company pioneered the use of Reg A exemptions when others hesitated. Today, it is driven by a series of funds focusing on various real estate strategies. Expanding into private securities for early-stage firms introduced another asset class, leveraging its in-house experience and technology. Going public provides companies a way to exit holdings, which can be challenging for private securities holders. This move also opens a path for Fundrise to scale its services further.#nyse #fundrise #fundrise_innovation_fund #reg_a #washington_dc