Robinhood raises $280m at $8.3bn valuation

Robinhood has raised $280 million in a Series F funding round, valuing the trading app at $8.3 billion valuation.

The round was led by existing investor Sequoia Capital, with participation from existing and new investors, including NEA, Ribbit Capital, 9Yards Capital and Unusual Ventures.

A statement from the US FinTech stated that despite recent outages, it has added more than three million funded accounts so far this year. "We’re also proud to have built a platform that empowers people: half of new Robinhood customers this year were first-time investors."

With this funding, the company stated it would continue to invest in scaling the platform, building new products and accelerating build-out of operations. "That means hiring more top talent across all of our offices, including our newest office in Denver."

Andrew Reed, partner at Sequoia, commented: “Robinhood has made the financial markets accessible to the masses, and in turn, revolutionised the decades-old brokerage industry."

Last July, Robinhood announced a $323 million Series E round, valuing the company at a $7.6 billion.

Late last year, the commission-free investment platform revealed it was set to launch in the UK in early 2020.

    Share Story:

Recent Stories


Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.