Robinhood Raises an Extra $320 Million in Capital, Bringing Valuation to $8.6 Billion

Arguably the highest-profile securities broker at the moment, Robinhood is set to become larger following a major infusion of capital. The company, which aims to disrupt the traditional brokerage segment of the finance industry by targeting younger traders, has raised an additional $320 million in its latest funding round, the company announced as an update to a May blog post. Robinhood said in the blog post that it will use the funds from this financing round to scale its platform, further build out its operations, and develop new products.