Fundrise Innovation Fund, LLC (VCX)

Fundrise Innovation Fund, LLC is a closed-end fund sponsored by Fundrise, an online investment platform based in Washington, D.C. The fund's objective is long-term capital appreciation through investments in private, venture-backed technology companies.

It focuses primarily on late-stage private companies in areas such as artificial intelligence, data infrastructure, enterprise software and financial technology, giving individual investors access to holdings that are typically available only to venture capital and institutional investors. The fund may also hold shares of public technology companies and cash.

The fund was originally offered to investors through the Fundrise platform and later listed its common shares on the New York Stock Exchange, where they trade under the ticker VCX. As with other listed closed-end funds, its market price can differ from its net asset value.