Robinhood plunders $110m in series C round

Apr 28, 2017 • Robert Lavine

A mixture of investment and VC firms have provided series C funding for the Alphabet-backed online brokerage at a $1.3bn valuation.

Robinhood, a US-based online brokerage that counts internet and technology firm Alphabet as an investor, confirmed a $110m series C round on Wednesday that valued the company at $1.3bn.

The funds were provided by investment firms DST Global and Greenoaks Capital, and venture capital firms Index Ventures, New Enterprise Associates, Ribbit Capital and Thrive Capital. News of the round first emerged three weeks ago.

Robinhood has created an online platform that enables users to invest in stock and exchange-traded…

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