Robinhood fetched an $8.3bn valuation thanks to a $280m series F round featuring a range of existing backers, though it is unclear if Alphabet and Roc Nation were among them.
Robinhood, a US-based online share trading service backed by entertainment agency Roc Nation and internet and technology group Alphabet, received $280m in a series F round yesterday.
Sequoia Capital led the round, while a range of existing and new backers also participated, though only New Enterprise Associates (NEA), Ribbit Capital, 9Yards Capital and Unusual Ventures were named.
The news follows reports a month ago that Robinhood was seeking up to $250m in fresh funding.
Robinhood has built a commission-free…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.