Menlo Park, CA based personal finance and brokerage startup is raising $200m of additional capital at an $8b valuation led by Sequoia Capital.
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Robinhood is raising new capital at $8b valuation
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Robinhood told CNBC in March that trading volume had surged as retail trading activity picked up. Average daily trading volume was three times what it was in the fourth quarter, according to a Robinhood spokesperson. The start-up also saw a tenfold increase in net deposits, compared to the monthly average for the fourth quarter.
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