text: robinhood-is-worth-7-6-billion-after-new-funding-round | Financial Planning
  July 24, 2019, 10:47 a.m. EDT
  Robinhood Markets has closed a new round of funding valuing the company at $7.6 billion. That's up from its latest $5.6 billion valuation in 2018. The company raised $323 million in the most recent deal.
  In a statement announcing the funding, Robinhood outlined several new initiatives it had recently rolled out, including expanded trading of cryptocurrency. The company was founded in 2013, and gained a following with millennial customers in particular by allowing people to trade stocks for free on its mobile app.