Robinhood raises $280 million in Series F led by Sequoia

Robinhood announced a $280 million Series F funding at an $8.3B valuation. The round was led by existing investor Sequoia Capital, with participation from existing and new investors including NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures.

Established in 2013, the Menlo Park, CA-fintech offers commission-free trading for stocks, ETFs, options, and cryptocurrencies and employes over 1,000 employees. It has raised a total of $1.19 billion since its inception.

“Amid challenging times and market volatility, we’re humbled that people are turning to Robinhood to participate in the markets and build their financial future. We added more than three million funded accounts so far this year, and we’re grateful for the opportunity to serve each customer. We’re also proud to have built a platform that empowers people: Half of new Robinhood customers this year were first-time investors.”

“Robinhood has made the financial markets accessible to the masses, and in turn, revolutionized the decades-old brokerage industry. We’re excited to further our relationship with Robinhood, which we believe is at the beginning of its opportunity.” – Andrew Reed, partner at Sequoia.