The fresh capital puts Robinhood’s valuation at $11.7 billion, an increase of $700 million since last month.
Commits for the latest $460 million came from existing investors. These include Andreessen Horowitz, Sequoia, Ribbit Capital, 9Yards Capital, and D1 Capital Partners.
Originally, the plan was to raise this $460 million only, but then D1 Capital decided to throw in a last-minute commit of $200 million.
The funding will underpin the launch of a new cash management and recurring investment feature.
