Robinhood announces $200 million in new funding at $11.2 billion valuation


Brokerage app company Robinhood has raised $200 million in a Series G funding round, adding D1 Capital Partners as a new investor.

Robinhood said in a blog post that the new funding elevates its valuation to $11.2 billion. The move comes roughly two months after Robinhood raised $320 million at an $8.6 billion valuation during a round that added TSG Consumer Partners and IVP as new investors.

"With this funding, we’ll continue to invest in improving our core product and customer experience," the firm said in a statement.

As previously reported by The Block, Robinhood has seen a surge in income from payment for order flow, or PFOF. Robinhood saw its net payment for order increase roughly 98% from $90.9 million to $180.1 million in the second quarter of 2020. 

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

DAOs: An Institutional Guide to Decentralized Governance

Arca provides fundamental information about decentralized autonomous organizations (DAOs) for institutions transitioning into the age of tokenized ecosystems. This guide explores the components, purpose, functions, and practical applications of these nascent entities and the opportunities and challenges for this compelling governance approach.
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC