Robinhood Markets Secures USD 200 Million in Series G Round of Financing

Robinhood is led by Vladimir Tenev and Baiju Bhatt and offers a commission-free trading platform featuring stocks, ETFs, options, and cryptocurrencies. The company has over 10 million user accounts and 1,400 employees on LinkedIn

FREMONT, CA: Menlo Park-based provider of a trading platform for millennials, Robinhood Markets, raised USD 200 million in a Series G funding round. The deal took the company to a valuation of USD 11.2 billion. The investment was made by D1 Capital Partners, in what will be considered a pre-IPO round. Proceeds from the investment round will be used by the company to invest in improving its core product and customer experience.

Robinhood is led by Vladimir Tenev and Baiju Bhatt and offers a commission-free trading platform featuring stocks, ETFs, options, and cryptocurrencies. The company has over 10 million user accounts and 1,400 employees on LinkedIn. In addition to the funding, the company also announced that Christina Lai and Lucas Moskowitz joined Robinhood to serve as VPs and Deputy General Counsels. They will sit on Robinhood’s Legal leadership team.

Under her new portfolio, Lai will oversee and grow the corporate legal group, as well as legal’s product, commercial, and privacy teams, as the team continues to scale Robinhood. Working with teams across Robinhood, she will help lead the company forward as they continue to design financial products and deliver a customer experience that enables more people to participate in the financial markets. She will also serve as the Corporate Secretary for Robinhood in which she will support the expansion of the Board of Directors and continue to enhance the company’s governance and disclosure policies and practices.

Moskowitz will be responsible for overseeing regulatory, litigation, and government affairs. He will be instrumental as the company continues to grow the team in Washington, D.C., and engage with policymakers and regulators. Both Lai and Moskowitz will report directly to Chief Legal Officer Dan Gallager.