REDWOOD CITY, CA, Robinhood announced it has raised $3.4 billion led by Ribbit Capital.
Post the Gamestop trading affair, Robinhood announced it has raised $3.4 billion, including $1 billion in funding announced on January 29. The round was led by Ribbit Capital, with participation from existing investors including ICONIQ Capital, Andreessen Horowitz, Sequoia, Index Ventures, and NEA with terms being finalized.
Robinhood is a first-of-its-kind mobile stock brokerage. Built with sophisticated, proprietary algorithms and other unique technology, Robinhood is the only mobile-first premiere stock brokerage offering unlimited commission-free trading in all US listed stocks and ETFs. By eliminating trading commissions, Robinhood's mission is to enable a new generation of people to learn about investing and better manage their wealth. Founded by three-time financial services entrepreneurs Vladimir Tenev and Baiju Bhatt, Robinhood is headquartered in Redwood City, CA and backed by top-tier venture firms including Google Ventures, Andreessen Horowitz and Index Ventures, and angel investors including Tim Draper and Howard Lindzon.
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