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Robinhood raises $320M more, bringing its latest round to $600M at an $8.6B valuation



The stakes keep getting higher for American discount brokerage Robinhood, which today disclosed that it has added hundreds of millions of dollars to its previously disclosed funding round.

Counting the $280 million that the organization had just declared, Robinhood said that it was “satisfied to share” that it “raised an extra $320 million in resulting closings.” Its now $600 million subsidizing round brings its post-cash valuation to $8.6 billion. Fortune previously announced the news.

(A detail, yet the new capital is a piece of the equivalent round as it was raised at a similar cost. TechCrunch revealed when the organization’s $280 million round was declared, the fintech organization was worth $8.3 billion. Another $300 million in capital at a level offer value implies that the organization’s valuation ought to have ascended by just the dollar sum included. As it did.)

Robinhood’s new capital was as obvious as its first tranche of this megaround; the previous startup is seeing interest for its item flood as financial specialists of all sizes partake in the year’s tremendous value unpredictability. Many contributing and-reserve funds centered fintech organizations are getting a charge out of a colossal year, as buyers hope to store and utilize their money.

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