Finance Breaking news Robinhood raises another $460m last financial news

Breaking-Finance.Com - Stock trading app Robinhood has increased the size of its Series G funding round to $660 million at an $11.7 billion valuation, according to Reuters.

Finance Breaking news Robinhood raises another $460m last financial news

Breaking-Finance.Com - Stock trading app Robinhood has increased the size of its Series G funding round to $660 million at an $11.7 billion valuation, according to Reuters.

Finance Breaking news Robinhood raises another $460m last financial news
23 September 2020 - 15:15

Breaking-Finance.Com - Stock trading app Robinhood has increased the size of its Series G funding round to $660 million at an $11.7 billion valuation, according to Reuters. The company initially said in August that its Series G raised $200 million from D1 Capital Partners at an $11.2 billion valuation. The new money comes from the likes of Andreessen Horowitz, Sequoia, DST Global, Ribbit Capital and 9Yards Capital.

."In 2020 alone, Robinhood has already raised around $1.25 billion as speculation fizzes that a public listing could be on the horizon.The firm has added millions of funded accounts just this year and in recent weeks it has seen record revenue growth, with investors keen to take advantage of market volatility during the Covid-19 pandemic.However, the spike in demand has exposed operational constraints in its technology platform, with the firm experiencing a number of outages throughout March.

Source = Breaking-Finance.Com

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Finance Breaking news Robinhood raises another $460m last financial news


Finance Breaking news Robinhood raises another $460m last financial news


Finance Breaking news Robinhood raises another $460m last financial news


Finance Breaking news Robinhood raises another $460m last financial news

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