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Robinhood valuation surges to $11.2 billion after latest funding round

From reuters.com

Robinhood Markets Inc, the fintech startup credited with helping popularize trading among millennials, said on Monday it has raised $200 million from investment firm D1 Capital Partners at a valuation of $11.2 billion. Robinhood is one of the hottest fintech startups in Silicon Valley, having consistently raised large sums at higher valuations from several marquee investors including Sequoia Capital, Ribbit Capital and Index Ventures. According to PitchBook and Reuters calculations, it has raised about $1.71 billion so far. This year alone, the Menlo Park, California-based startup has raised $800 million in funds. ... (full story)

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