Robinhood reaches two million users and secures Series C financing
At Robinhood, we’re dedicated to providing everyone with access to America’s financial system. To help further this mission, we recently raised $110 million in Series C financing led by DST Global, valuing the company at $1.3 billion. Existing investors NEA, Index Ventures, and Ribbit Capital, as well as new investors Thrive Capital and Greenoaks Capital also participated in the round, bringing our total funding to date to $176 million.
Since our public launch in 2015, Robinhood quickly became the fastest growing brokerage ever. Our two million users have transacted over $50 billion and saved nearly half a billion dollars in commission fees. Robinhood Gold, our margin and extended hours service, is also experiencing significant growth, with signups surging 17% month over month.