Fundrise Innovation Fund (VCX)
Invests across private and public technology company stages.
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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
No analyst consensus on record.
Not reported.
Balance sheet, Mar 31, 2026Cash & short-term investments $114.0M · Total debt $15.9M · Total assets $701.7M · Shareholders' equity $678.9M
- Revenue
- $3.4M
- Operating income
- $120.8M
- Net income
- $121.8M
No dividends on record.
| Institutions | ≈ 0.68% | 306.0K shares | |
|---|---|---|---|
| 67 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 99.32% | 44.57M shares | |
| remainder | |||
44.88M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Cloudalpha Capital Management Limited/Hong KongInstitution | 0.38% | 172,355 | as of Jun 30, 2026 |
Newtyn Management, LLCInstitution | 0.09% | 40,000 | as of Jun 30, 2026 |
LPL Financial LLCInstitution | 0.05% | 22,198 | as of Jun 30, 2026 |
UBS Group AGInstitution | 0.02% | 9,072 | as of Jun 30, 2026 |
HRT Financial LPInstitution | 0.01% | 6,697 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Destiny Tech100
Listed access to late-stage venture-backed private technology companies
- U.S. Global Investors
European venture capital across private technology growth stages
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fundrise Innovation Fund | $30.49 | −0.98% | $1.38B | 4.0 | — | 130.6 | — |
| Destiny Tech100 | $30.34 | −2.10% | $944.1M | 3.0 | — | 529.5 | — |
| U.S. Global Investors | $3.01 | +0.28% | $38.0M | 11.5 | — | 4.5 | −123.1% |
| Median | 7.3 | — | 267.0 | −123.1% |