US trading Fintech Robinhood has added a further $460mn to its current funding round.
In Brief:
-
This brings the Series G round to a total of $660mn.
-
Investors include Andreessen Horowitz and Sequoia.
-
The business is now valued at $11.7bn.
What does this mean?
Robinhood has already raised $1.25bn in total this year, and is adding funded accounts all the time. The platform, which allows consumers to invest in stocks, ETFs and options, as well as trading cryptocurrencies. Now, it wants to add more options such a cash management and recurring investments.
