Robinhood Raises $323M to Democratize Finance For All

Series E Funding Led by DST Global

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We’re focused on building products and services that expand access to our financial system. Since May of last year, we’ve launched our own clearing system, Clearing by Robinhood; rolled out a new Robinhood Gold experience including Nasdaq Level 2 Market Data; and introduced multi-leg options strategies. We also acquired Robinhood Snacks to bring people digestible financial news; grew our management team, including leaders for operations and finance; and expanded Robinhood Crypto to more than 30 states.

Today, Robinhood is announcing a $323M Series E financing at a $7.6B valuation. This round was led by DST Global, with participation from investors including Ribbit Capital, NEA, Sequoia, and Thrive Capital. 

We’ll use the funding to keep pursuing our mission of democratizing finance for all. 

Robinhood means Robinhood Markets, Inc. and its subsidiaries, including Robinhood Financial LLC, Robinhood Securities, LLC and Robinhood Crypto, LLC. 

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Gretchen Howard Elevated to Chief Operating Officer

Colson Griffith Photography

Colson Griffith Photography

We’re delighted to share that Gretchen Howard has been elevated to Chief Operating Officer at Robinhood. Since joining Robinhood in January as Vice President of Operations, Gretchen’s leadership has expanded to more key areas of the business, including brokerage operations, product operations, communications, HR and recruiting. As COO, she’ll continue to leverage her expertise in scaling businesses and help Robinhood expand our financial services offerings.

“In addition to driving improvements to our operations, Gretchen’s impact can be seen across the organization. At Robinhood, we have an insane customer focus. Gretchen embodies that value and inspires us to build scalable, quality products that expand participation in our financial system. Her leadership as COO will be instrumental as we grow our business, and I’m excited to continue working together to democratize finance for all.” –  Vlad Tenev, Co-Founder & Co-CEO at Robinhood

Congratulations Gretchen, we’re excited to see all the contributions you will continue to make at Robinhood!

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Nasdaq Level 2 Market Data is Here

Learn more about Robinhood Gold, and other recent updates

A few months ago, we revamped Robinhood Gold, which is a collection of premium features including research reports and margin investing. We’re excited to share that Nasdaq Level 2 Market Data is now available on Gold, alongside other premium features such as Morningstar Research Reports. Level 2 Market Data shows real-time bids and asks for any stock so you can better determine the supply and demand for a stock at a certain price.

In addition to revamping Gold, we’ve added several other features to help you stay informed and invest more confidently. Now, it’s even easier to keep track of the markets and manage your investments. Here are some recent updates, in case you missed them:

Robinhood Snacks

Our financial newsletter and podcast bring you free, daily, and digestible financial news. You can sign up for the newsletter here, and listen to the podcast on Apple Podcasts, Google Podcasts, Spotify, and other providers.

New Charts on Web

We added candlestick charts and indicators for stocks and cryptocurrencies on Robinhood Web. These new tools can help you better understand the markets and analyze the latest trends.

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Get access to Robinhood’s stock and crypto pages faster, even if you aren’t logged into your Robinhood account. Track prices and view charts, news, and company info, or share pages with friends.

Robinhood Crypto

Robinhood Crypto continues to grow, and is now live in 39 states including New York. You can trade seven cryptocurrencies such as Bitcoin and Ethereum, and get news and price movement alerts for 10 additional cryptocurrencies.

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Robinhood Crypto Launches in New York

Invest in Bitcoin, Ethereum, and other cryptocurrencies

We recently announced that Robinhood Crypto received the BitLicense and a money transmitter license to operate in New York. As of today, New Yorkers can officially invest in cryptocurrencies on Robinhood Crypto.

Currently, you can invest in seven cryptocurrencies on Robinhood Crypto: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ethereum Classic, Litecoin, and Dogecoin. You can also track price movements and news for those and 10 additional cryptocurrencies.

With New York, Robinhood Crypto is now available in 39 states–you can find the full list here.

Follow us on @RobinhoodApp to get notified when Robinhood Crypto is available in your state!

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New Charts on Robinhood Web

Indicators and candlestick charts for stocks and cryptocurrency

Over the next few weeks, we’re introducing improvements to our charts on Robinhood Web to help you better understand and analyze market trends and moves. You’ll be able to view candlestick charts for stocks and cryptocurrency, and add indicators to stock and crypto charts.

Candlestick Charts

Candlestick charts can help investors better understand how prices move. While a line chart shows you only the close price, each candlestick shows you four pieces of information: the open, high, low, and close price during a certain time period.

Go to any stock or crypto page and click the button near the top right corner of the page to switch between the “Line Chart” and the “Candlestick Chart.” Learn more about candlestick charts here.


Indicators can help you understand and offer more ways to visualize what's happening in the market, and are the foundation for various technical trading strategies. Now you can add these five indicators to any stock and crypto charts on Robinhood Web:

  • Volume

  • Simple Moving Average (SMA)

  • Exponential Moving Average (EMA)

  • Relative Strength Index (RSI), including Wilder's Relative Strength Index (Wilder's RSI)

  • Moving Average Convergence Divergence (MACD)

To view an indicator, go to any stock or crypto chart and click the button on the bottom right corner of the chart. The chart will appear in a new tab, and you’ll see an option to add indicators on the top right corner of the page. Learn more about indicators on our help center.

We’re always looking to make Robinhood even more powerful, and your feedback helps us prioritize which features we build first. These tools were among the most frequently requested—we’re excited for you to try them!

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New Additions to Robinhood Management

An impressive group of seasoned leaders is joining Robinhood’s management this spring. They will bolster our existing teams and keep us moving towards our mission of democratizing our financial system for everyone. The new team members join us from places such as the United States Securities and Exchange Commission, The Chan Zuckerberg Initiative, and Amazon. Many of our new team members are hiring for their teams and you can check out our openings here.

Rich Jackson is joining as our VP of Risk and Compliance, and will lead our enterprise compliance, audit, and risk teams. He previously spent eight years at KPMG, and the last 11 years in senior finance roles at Amazon. Most recently, he led the enterprise risk management, corporate compliance, and worldwide internal audit teams.

We’ve promoted Smeeta Ramarathnam to be our Deputy General Counsel, VP-Legal and Regulatory. In her new role, she will lead and manage regulatory relations, government and external affairs, and internal legal and compliance regulatory interpretation. Before Robinhood, she spent more than a decade at the United States Securities and Exchange Commission, in roles such as the Deputy Director of the Office of Credit Ratings and Chief of Staff to a Commissioner during the financial crisis and its aftermath.

We’re excited to announce that Scott Friedman is taking a new advisory role as VP of Compliance Affairs. In this enterprise role he will advise and maintain our regulatory posture, as well as continue to promote Robinhood’s already strong compliance culture.  He has been with Robinhood since inception as Robinhood’s President and Chief Compliance Officer for both Robinhood Financial and Robinhood Securities.

We’re welcoming John Castelly who is going to be Chief Compliance Officer for Robinhood Financial and Robinhood Securities, which power our core brokerage platform and our clearing system, respectively. John has served as trusted advisor and counsel in various legal and compliance functions throughout his career and joins us from Personal Capital, where he served as Chief Compliance Officer. John has also worked in senior legal roles at TD Ameritrade, and the SEC. He will eventually succeed Scott Friedman who is transitioning out of day-to-day operational management as Chief Compliance Officer.

In our Lake Mary, FL office, we’re welcoming Jim Swartwout, as our Head of Clearing Operations. Jim brings decades of securities and clearing experience to the table from posts as COO of Scottrade, President of tradeMONSTER (now OptionsHouse), and COO of E*Trade Clearing LLC. Chuck Tennant, who led Robinhood to self-clearing, is retiring from day-to-day operational management and shifting into a part-time advisory role.

Rich Cho is joining as our Head of Recruiting, with experience scaling massive engineering, design, and product organizations at Facebook and Dropbox, and most recently, leading all recruiting efforts at The Chan Zuckerberg Initiative.

If you’re interested in joining Robinhood, check out our open roles. We’re hiring across many teams, including Engineering, Design, Operations, Customer Experience, Recruiting, and more, in our Menlo Park, CA and Lake Mary, FL offices.

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