Share this article
Robinhood Raises $3.4B Amid Growth Surge
The round is the stock trading app's largest raise ever.
By Danny Nelson
Updated Sep 14, 2021, 11:04 a.m. Published Feb 1, 2021, 6:09 p.m. 1 min read
Robinhood has raised $3.4 billion total from investors since Jan. 29, infusing the stock trading app with record-setting finances as it races to scale amid recent market tumult.
- Existing shareholders ICONIQ Capital, Andreessen Horowitz, Sequoia, Index Ventures and NEA participated in the Ribbit Capital-led round, Robinhood said.
- Apparently, Robinhood's well-heeled backers are looking past last week's blowback from the platform's restriction of certain meme stock trades to the explosion of growth that has occurred at the same time. The round is by far Robinhood's biggest ever.
- CFO Jason Warnick said the cash infusion will help Robinhood "scale to meet the incredible growth we’ve seen and demand for our platform."
More For You
The Wall Street investment bank expects a wave of crypto and blockchain public listings over the next two years as institutional investors shift their focus from speculative trading to real-world financial infrastructure.
What to know:
- Jefferies expects a surge of crypto and blockchain-related public listings over the next two years, projecting the sector could become a $1 trillion public market within five years.
- Institutional investors are shifting focus from bitcoin price speculation to the integration of blockchain infrastructure into core financial systems, including tokenized money...
Top Stories
