Robinhood Raises $320mn at a $8.6bn Valuation

One of the hottest fintechs has received another monster round of funding; Robinhood raised an additional $320mn to boost their seres F funding round and take the company to a $8.6bn valuation;  the funding comes from new and existing investors, including TSG Consumer Partners and IVP. The fresh cash brings the round’s total to $600 million, and Robinhood plans to use the capital in hiring across offices, including a new Denver location. “Amid challenging times and market volatility, we’re humbled that people are turning to Robinhood to participate in the markets and build their financial future,” the brokerage said when it raised the first tranche, according to Business Insider. Business Insider.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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