Robinhood is now worth $8bn

Robinhood’s valuation has risen following its latest funding round.

In Brief:

• The round is being led by Sequoia Capital.

• Figures have not been finalised but $200-250mn has reportedly been raised.

• Robinhood launched in 2010 and has 10mn users.

What does this mean?

The company’s value has risen from $7.6bn last year. It closed $323mn funding less than nine months ago. However it is important to note that the round is not finalised as it will involve investors coming to an agreement.

Read more here.