Robinhood Raises Another $320M
Main page News, US Market, US, Crypto Market, Cryptocurrency
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13 July
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A stock brokerage that allows customers to buy and sell US stocks and cryptos, Robinhood Markets, Inc., has attracted another $320 million at an $8,6 billion valuation, Fortune reports.

The millennial-focused platform succeeded to attract funds from several private equity companies including TSG Consumer Partners and IVP.

In May, the fintech company managed to raise $280 million in a Series F round led by Sequoia Capital which valued the firm at $8.3 billion.

Robinhood to Compensate Outage on One Condition

Amid the March crash, clients of the cryptocurrency service faced with several issues: their accounts continued to work incorrectly.

Back then, Robinhood reportedly maxed out a $200 million line of credit from Barclays Plc, Citigroup Inc. and JPMorgan Chase & Co.

However, the California-based Menlo Park company assured in an email statement its capital position "remains strong."

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