Robinhood Continues to Gain Capital with New Funding Round
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Aug. 17, 2020
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An American financial services company Robinhood continues climbing up to the top of the investment market with a $200 million Series G funding at an $11.2 billion valuation from D1 Capital Partners.

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According to an official announcement, the fintech unicorn plans to continue investing in improving its core product and customer experience.

"The last several months, in particular, have demonstrated that participation in the markets can be powerful for people. We’re also seeing that our customers are using this time to educate and inform themselves," Robinhood said.

Founded in July 2018, D1 Capital Partners L.P. is a global investment firm that deploys capital in both public and private markets.

Robinhood adds it has seen evidence that people are taking time to learn more about the markets: average unique daily visits to its Learn resources are up more than 250% since January.

Robinhood Raises Another $320M

iHodl previously reported that the US-based millennial-focused investment app decided to delay its launch in the UK as it faced pressure from US politicians after one of its clients committed suicide.

Robinhood clarified it has to adapt with the world "that has changed a lot over the past several months."

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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