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Free stock trading app Robinhood rockets to a $5.6B valuation with new funding round | TechCrunch
“And it’s that tantalizing prospect of creating a next generation way of trading assets and cryptocurrency that is now sending Robinhood to a $5.6 billion valuation in a new financing round that the company is announcing today. Robinhood says it’s closed a $363 million Series D financing round; DST Global led this new round and Iconiq, Kleiner Perkins, Sequoia and Capital G participated. Robinhood had a $1.3 billion valuation last year when it had around 2 million users, and the company says it now has 4 million users and has passed $150 billion in transaction volume.”

I keep forgetting. Is that valuation pre or post investment. Either way. Around 7/7.5% of the company.
unicorns  fintech  trading  stocks  robinhood  news  funding  stock_market 
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