Robinhood Continues Raising MillionsRobinhood Continues Raising Millions
Robinhood's latest funding round puts the company's valuation north of $7 billion.
Mobile trading platform is now valued at $7.6 billion, after raising $323 million in a Series E funding round, according to the company. Last May, the company raised $363 million in Series D funding. Both rounds were led by DST Global.
After posting the funding announcement to social media, the company followed up with comments suggesting international expansion could be in the cards. In response to one inquiry about an expansion to Italy, the company’s troubleshooting account noted, “We do hope to branch out to Italy, and we’ll keep everyone informed as we explore international expansion.” This January, the company was reportedly preparing for a launch in the U.K.
The company didn’t specify what initiatives the funding would support, saying it would be used “to keep pursuing our mission of democratizing finance for all.”
