It’s Official, We're Certified as a Great Place to Work!

We’re excited to share Robinhood has been certified as a Great Place to Work in the U.S.! The award recognizes the best workplaces and company cultures based on employee responses to the Trust Index Survey, in which 93% of our employees named Robinhood a great place to work.

“While democratizing finance is our company mission, creating incredible employee experiences where people of all backgrounds can thrive and support this mission is the top priority in my heart. We’re humbled to be a Great Place to Work—and we’re committed to continuously improving,” said Davey Nickels, VP of People.

We believe participation is power and work together every day with a focus on our responsibility to our customers and making the financial markets more accessible and approachable. Thank you to all of our 1,000 dedicated employees for the passion you bring to our mission and our customers. 

We’re looking for more growth-minded and collaborative people to be a part of our journey in democratizing finance for all.  Check out our open positions—we can’t wait to hear from you!

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Resources to Guide Your Financial Journey

At Robinhood, we believe financial information should be accessible to the next generation of investors. Robinhood Learn is one resource we offer that provides easily-digestible information on the basics of investing, market trends, and financial terms.

With a group of experienced writers and editors who formerly reported on finance and market trends at publications such as Forbes and Quartz, we’ve published over 650 articles so far to help you make sense of investing lingo and trends. Whether you’ve already stumbled upon this resource while poking around on our site, or it’s completely new to you, here are a few topics to get you started:

• I’m in my 20s — How should I approach investing?

• How to start investing for as little as 1 dollar

• What's the purpose of a diversified portfolio?

• Picking an Investment: How to approach analyzing a stock

Historic market volatility this year reminds us how important it is to have access to information about changing markets and trends. In fact, we saw an ~80% increase in average daily visits to our Learn pages between March and June. Here are a few helpful pages to understand how markets have changed recently:

• The stock market has been super volatile – How can I make sense of it?

• Three charts that help explain this year’s stock market volatility

• Does a market “selloff” mean long-term investors should sell?

• Interest rates are at their lowest since the 2008 financial crisis — What does that mean?

We believe financial literacy can empower you to invest in your future. In addition to the hundreds of articles waiting for you at learn.robinhood.com, our Robinhood Snacks daily newsletter and podcast are easy ways to stay up-to-date on the markets. All Robinhood customers can access trusted news sources through our newsfeed with in-app WSJ Markets coverage, as well as news from Reuters and Barron’s, and video from CNBC Business, Reuters, and Cheddar.

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Commitments to Improving our Options Offering

On Saturday, we learned that Alex Kearns, a Robinhood customer, died by suicide and left a note citing confusion with our product. We quickly reached out to Alex’s family to share our condolences and offer to speak. We are personally devastated by this tragedy. 

Over the past week, our team at Robinhood has been focused on identifying how we can improve Robinhood’s customer experience, specifically around our option flows involving multi-leg exercise and assignment. We want to share with you today what we are committing to as a company moving forward:

1. Eligibility: We are considering additional criteria and education for customers seeking level 3 options authorization to help ensure customers understand more sophisticated options trading. 

2. Educational resources: We are expanding our educational content related to options trading. We have added information on early options assignments to our help center and we will be hiring an Options Education Specialist to further enhance education related to our options offering.

3. User Interface: In the near term, we are rolling out improvements to in-app messages and emails we send customers about their multi-leg options spreads. We are also adding detail to the in-app history page to help users understand the mechanics of early options assignments. We are also working on changes to our user interface, including the way buying power is displayed. These changes will take a bit of time to roll out, but our teams are hard at work. 

While we recognize that nothing can ease the pain that Alex’s family is feeling now, in addition to the steps above, Robinhood is making a $250,000 donation to the American Foundation for Suicide Prevention. If you or anyone you know is in crisis, please reach out for help. 

It is not lost upon us that our company and our service have become synonymous with retail investing in America, and that this has led to millions of new investors making their first investments through Robinhood. We recognize this profound responsibility, and we don't take it lightly. Our aspiration is to innovate, lead, and go beyond the status quo.

We remain ever committed to providing the best investing experience as well as the resources customers need to get and stay informed.

-- Vlad Tenev & Baiju Bhatt, Co-Founders and Co-CEOs

If you or someone you know is in crisis, please call the National Suicide Prevention Lifeline at 800-273-TALK (8255) or text TALK to 741741.

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Robinhood Welcomes Surabhi Gupta to Engineering Leadership Team

Surabhi joins us as a VP of Engineering focused on product

We’re thrilled to announce Surabhi Gupta is joining Robinhood’s Engineering team! 

As a VP of Engineering, Surabhi will oversee product engineering at Robinhood, which encompasses all customer-facing products on our platform including investing in stocks, options, and cryptocurrency, and cash management. Interest in investing has reached historic levels over the past several months, and Robinhood is focused on supporting our millions of customers as they participate in the financial markets. Surabhi will play an integral role in leading our growing engineering teams as we continue working to improve our product experience and roll out new features like fractional shares. 

“The commitment the Robinhood team has to their customers and their mission, and the tremendous focus on building products that make finance more accessible and approachable, is truly unique,” said Surabhi.  “I’m excited to help people improve their understanding of finance, take control of their money, and participate in the financial markets with Robinhood.”  

With experience scaling organizations from dozens of engineers to hundreds, Surabhi will bring valuable experience as we continue to expand our teams so we can continue to build more products and services to help customers do more with their money. Surabhi joins us from Airbnb where she was most recently Director of Engineering leading Airbnb’s Homes engineering team. Prior to Airbnb, Surabhi spent several years at Google. Across her career, she’s amassed extensive experience in overseeing teams dedicated to search, data, and product.

Welcome to Robinhood, Surabhi!

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Dan Gallagher, Robinhood Board Member and Former SEC Commissioner, Joins Robinhood as Chief Legal Officer

Today, we’re thrilled to announce that Dan Gallagher will be joining Robinhood as Chief Legal Officer. Dan is a familiar face here at Robinhood after joining our Board of Directors in October 2019, and we couldn’t be more excited to welcome him into this new role. Dan will oversee all global legal functions including corporate counsel, regulatory counsel, and product counsel.

“As a Board member, I've had the opportunity to work closely with the incredible people at Robinhood driving the company's mission forward and I'm excited to contribute even more directly in my new capacity as Chief Legal Officer”, said Dan. “I look forward to doing my part to help Robinhood reach even greater heights in serving its customers. I will miss WilmerHale, but I know I will stay close to all of my friends there.”

In addition to his position on Robinhood’s Board of Directors, Dan Gallagher was most recently partner and deputy chair of the securities department at the international law firm WilmerHale. He served as a SEC Commissioner from 2011 to 2015 and held several other positions on the SEC staff prior to being appointed commissioner, including deputy director and co-acting director of the division of trading and markets. Dan also brings significant experience developing and building legal organizations, including serving as Chief Legal Officer at Mylan NV from 2017 to 2019. 

Dan will serve on our executive leadership team, which includes Co-Founders and Co-CEOs Vlad Tenev and Baiju Bhatt, Chief Operating Officer Gretchen Howard, and Chief Financial Officer Jason Warnick. 

Dan is replacing Anne Hoge, our current Chief Legal Officer, who is leaving Robinhood later this month to attend to an illness in the family which is requiring more of her energy. We’ve been incredibly fortunate to have Anne as part of our leadership team, and she will be working with Dan over the coming weeks to ensure a smooth transition period for the company and the legal organization. We’ll also be working to add an independent board member to fill the current vacancy on Robinhood’s Board of Directors.

Congratulations, Dan! We’re excited for all the contributions you’ll continue to make in this new role.

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Robinhood Raises $280 Million in Series F Funding Led by Sequoia

Today, we’re announcing a $280 million Series F funding at an $8.3 billion 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.

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.

As more people choose Robinhood, we remain focused on continuously improving the experience we provide. With this funding, we’ll continue to invest in scaling our platform, building new products, and accelerating build-out of our operations. That means hiring more top talent across all of our offices, including our newest office in Denver.  

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

Thank you to all of our customers for being on this journey with us. We’ll keep working hard to make Robinhood even better.

Update on July 13, 2020: We’re pleased to share that we’ve raised an additional $320 million in subsequent closings, bringing our total for the round to $600 million. The new funding comes from new and existing investors, including TSG Consumer Partners and IVP, and brings our post-money valuation to $8.6 billion.

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