For American discount broker Robinhood, who announced today that it has added hundreds of millions of dollars to its previously announced round of financing, stakes are increasing.
Including the $ 280 million that the company had previously announced, Robinhood said it was “pleased to share” that it “had raised another $ 320 million in later closures.” The now $ 600 million round of financing brings the post-money valuation to $ 8.6 billion. Fortune reported the news first.
(A detail, but the new capital is part of the same round it was raised at the same price. TechCrunch reported that when the company̵
Robinhood had a good year, although some of its practices have come under fire. The company promised to tighten parts of its platform in connection with more exotic trade, for example after the suicide of one of its users. A topic that TechCrunch discussed in detail last week.
What is inevitable is that Robinhood has a hell year. When it could go public is not clear, especially since the private company has no problem raising capital without going public. However, as its value continues to increase, it becomes an increasingly distant acquisition target.