Fundrise Innovation Fund
Invests across private and public technology company stages.
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Profile
Invests directly or indirectly in private and public technology companies, principally equity of private mid-to-late-stage growth businesses. Fundrise Advisors manages the closed-end fund’s multi-stage approach, which can invest from early private stages and retain investments after an IPO.
Pools capital for direct and indirect investments in private and public technology companies, concentrating on equity in privately held mid-to-late-stage growth businesses. The multi-stage mandate can span early through late private-company stages and retain investments after an IPO, with stated areas including AI/ML, data infrastructure, and vertical and horizontal software.
Operated as a tender-offer closed-end fund from 2022 before listing on the NYSE in 2026. Fundrise Advisors serves as investment adviser, while the board supervises business activities and specialized service organizations carry out relevant functions. Its investment objective and policies remained unchanged through the listed-fund conversion.
Company facts
Categories
Key statistics
Year to date −47.7% · Average volume (30d) 636.3K
Analysts
No analyst consensus on record.
Earnings
Not reported.
Financial highlights
| 7 quarters | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $717.0K | $1.2M | $936.0K | $410.0K | $7.1M | $3.4M | |
| Gross profit | $6.0K | $118.0K | $251.0K | $1.8M | $4.5M | −$2.0M | |
| Operating income | $1.9M | $46.0K | $3.0M | $22.3M | $74.8M | $120.8M | |
| Net income | $1.9M | −$28.0K | $1.8M | $17.7M | $75.4M | $121.8M | |
| Diluted EPS | $0.17 | −$0.00 | $0.12 | $1.11 | $3.50 | $4.28 | |
| Gross margin | 0.8% | 10.1% | 26.8% | 429.5% | 62.5% | -58.9% | |
| Operating margin | 266.4% | 4.0% | 320.8% | 5,431.5% | 1,047.3% | 3,514.7% |
Balance sheet, Mar 31, 2026Cash & short-term investments $114.0M · Total debt $15.9M · Total assets $701.7M · Shareholders' equity $678.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 44.88M · Float 44.83M · 99.9% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Cloudalpha Capital Management Limited/Hong Kong | 172.4K | 0.38% | 13F | Aug 10, 2026 |
| Newtyn Management, LLC | 40.0K | 0.09% | 13F | Aug 14, 2026 |
| LPL Financial LLC | 22.2K | 0.05% | 13F | Aug 7, 2026 |
| UBS Group AG | 9.1K | 0.02% | 13F | Aug 13, 2026 |
| HRT Financial LP | 6.7K | 0.01% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Destiny Tech100
Listed access to late-stage venture-backed private technology companies
- U.S. Global Investors
European venture capital across private technology growth stages
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fundrise Innovation Fund | $38.10 | −4.27% | $1.79B | 5.7 | — | 169.0 | — |
| Destiny Tech100 | $32.80 | −5.20% | $1.06B | 10.0 | — | — | — |
| U.S. Global Investors | $3.33 | +0.91% | $42.2M | 12.3 | — | 3.9 | +95.5% |
| Median | 11.2 | — | 3.9 | +95.5% |