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22 July
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U.S.-based financial services company Robinhood Markets Inc has raised $323 million in Series E Funding Led by DST Global, according to the official blog announcement.

From now on, the company is valued at $7.6 billion.

Robinhood Raises Over $300M in New Investment Round

According to the announcement, the investment round was led by DST Global, with participation from investors including Ribbit Capital, Sequoia, Thrive Capital and NEA.

The company will reportedly continue to pursue its mission of "democratizing finance for all."

Robinhood is a U.S. commission-free cryptocurrency trading app. It allows anyone to invest in publicly traded companies and exchange-traded funds listed on U.S. stock exchanges.

Earlier Robinhood launched its services in New York.

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