Robinhood Raises $3.4B Amid Growth Surge

The round is the stock trading app's largest raise ever.

AccessTimeIconFeb 1, 2021 at 6:09 p.m. UTC
Updated Sep 14, 2021 at 11:04 a.m. UTC

Robinhood has raised $3.4 billion total from investors since Jan. 29, infusing the stock trading app with record-setting finances as it races to scale amid recent market tumult.

  • Existing shareholders ICONIQ Capital, Andreessen Horowitz, Sequoia, Index Ventures and NEA participated in the Ribbit Capital-led round, Robinhood said.
  • Apparently, Robinhood's well-heeled backers are looking past last week's blowback from the platform's restriction of certain meme stock trades to the explosion of growth that has occurred at the same time. The round is by far Robinhood's biggest ever.
  • CFO Jason Warnick said the cash infusion will help Robinhood "scale to meet the incredible growth we’ve seen and demand for our platform."


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Read more about