Trading app Robinhood on Monday raised another $2.4 billion in new funding from shareholders. In the latest one, an extended Series G funding round, the firm raised $660 million, pushing its valuation to $11.7 billion. Robinhood had taken nearly $5.6 billion of outside funding and was valued at nearly $18.1 billion prior to emergency funding rounds it took amidst market volatility. Robinhood launched digital currency trading in early 2018. The funding rounds were led by Ribbit Capital and included existing investors ICONIQ, Andreessen Horowitz, Sequoia Capital, Index Ventures, and New Enterprise Associates. The Cosmos-based project raised $25 million in a funding round led by Galaxy Digital and Coinbase Ventures in January. The crisis pushed Robinhood to raise emergency funding as it seeks to assuage millions of passionate users. Amid Gamestop frenzy, London VC Index Ventures invests in Robinhood’s £2.5B round Undoubtedly, Robinhood has come out to become one of the largest online brokerages during the ongoing pandemic. CNBC's Kate Rooney reports. Indeed, The Information reports that Robinhood is “nearing the close of a funding round from existing investors at a valuation of between $7 billion and $8 billion.” The same article goes on to state that the round could be a mere “prelude to a much bigger round of funding it has discussed with a wider group of investors, which could value the company at over $10 billion.” ; The valuation is … As expected, Robinhood has closed a new round of capital. Robinhood General Information Description. The new capital came as a surprise. In 2020 alone, Robinhood has raised $1.25 billion. Funding rounds for Robinhood in Startup Ranking. Robinhood Markets Inc, the financial technology startup credited with helping popularize trading among millennials, has increased its latest funding round from investors to $660 million, a spokeswoman for the company said on Tuesday. Movement for Minds; Find a Story: Generic selectors. This round was led by DST Global, with participation from investors including Ribbit Capital, NEA, Sequoia, and Thrive Capital. The two rounds gave the company a $33bn valuation, according to GlobalData research. Sequoia Capital, NEA and Ribbit Capital, firms that participated in Robinhood's last major funding round in September, were part of the capital build on Monday, according to Robinhood. Popular online trading platform Robinhood said Monday, Feb. 1, 2021, that it has lined up $3.4 billion to help meet its funding requirements amid a spike in trading on Wall Street fueled by small investors driving up shares in GameStop and other stocks. The late-stage, consumer investing app announced today that it has closed a $280 million Series F funding … Robinhood announced this morning that it has raised $200 million more at a new, higher $11.2 billion valuation. If anyone has ideas (outside of Robinhood possibly having one bad egg employee) on why a supposed unicorn that just closed a $110 million funding round would feel the … Disclosure. On February 1 2021, Robinhood announced that it had raised a further $3.4 billion in an investment round featuring Ribbit Capital, ICONIQ Capital, Andreessen Horowitz, Sequoia, Index Ventures, and NEA. In a few short years, they have become paper billionaires, building the business into a steamroller success worth $8.6bn (£6.9bn), according to a recent funding round. Given that Robinhood … FILE - This Dec. 17, 2020 file photo shows the logo for the Robinhood app on a smartphone in New York. Back. 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