Robinhood Raising New Round at Rumored $8 Billion Valuation

Robinhood has been in the news in recent months related to multiple outages; now the company is rumored to be raising a new round at around a $8 billion pre-money valuation; it is anticipated to be a $250 million round led by Sequoia capital; the company was last valued at $7.6 billion in a round last July; Robinhood has seen record revenue growth during the current pandemic, bringing in $60 million in March or about triple of March 2019. Bloomberg

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