Robinhood valuation arrows in on $7.6 billion with $323 million fund raise

Robinhood valuation arrows in on $7.6 billion with $323 million fund raise

Stock trading app Robinhood has raised a massive $323 million round of financing at a $7.6 billion valuation.

Seemingly undeterred by Robinhood's drastic misstep last year when it was forced by regulators to pull plans to launch a banking account, the round was led by DST Global, with participation from investors including Ribbit Capital, NEA, Sequoia, and Thrive Capital,

New features that survived the pushback include the creation of its own clearing system, premium accounts with Nasdaq Level 2 market data, digestible news bites from Robinhood Snacks and crypto trading in 30 states.
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