Robinhood tops funding up to $3.4bn   

Robinhood has raised an additional $2.4bn to add to the $1bn funding it announced on Friday.  

In Brief:  

• This was raised in convertible debt financing.  

• It was led by Ribbit Capital.  

• Iconiq Capital, Andreessen Horowitz, Sequoia, Index Ventures and NEA.  

What does this mean?  

Robinhood has seen a surge in demand thanks to the rise in trading with people buying stocks like GameStop over the past week.  

Read more here.