The Alphabet and Roc Nation-backed share trading service boosted its valuation from $8.3bn to $11.2bn in the space of a month after series G funding from D1 Capital Partners.
Robinhood, the US-based share trading app developer backed by internet technology group Alphabet and entertainment agency Roc Nation, received $200m in series G financing from investment firm D1 Capital Partners yesterday.
The transaction valued Robinhood at $11.2bn, up from the $8.3bn valuation at which it closed a $600m series F round led by Sequoia Capital and backed by New Enterprise Associates (NEA), Ribbit Capital, 9Yards Capital, Unusual Ventures, TSG Consumer Partners and IVP last month.
Founded in 2013, Robinhood…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
