The Alphabet and Roc Nation-backed trading app developer is reportedly closing in on new funding at an $8bn valuation.

US-based online share trading service Robinhood, which counts entertainment agency Roc Nation and internet and technology group Alphabet as investors, is looking to raise about $250m, Bloomberg reported today

Venture capital firm Sequoia Capital is in talks to lead the round, according to people familiar with the matter, who said it would value Robinhood at about $8bn pre-money, up from the $7.6bn valuation at which it last raised funding.

Robinhood runs an online platform that enables users to buy and…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.