Robinhood announced a $200 million Series G funding at an $11.2 billion valuation from D1 Capital Partners. For seven years, the team at Robinhood has been focused on enabling more access to the markets for more people. With this funding, they will continue to invest in improving their core product and customer experience.
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We’re inspired by the ways people are using Robinhood to learn more about the markets. The last several months, in particular, have demonstrated that participation in the markets can be powerful for people. We’re also seeing that our customers are using this time to educate and inform themselves.
Learning about investing
The stock market can be an important wealth creation tool. Equally important to access is education, particularly in volatile market conditions, which is why Robinhood offers resources to help people stay informed.
The company has seen evidence that people are taking time to learn more about the markets: average unique daily visits to their Learn resources are up more than 250% since January.
Staying informed
Keeping up to date on market news can also help people feel empowered. Robinhood Snacks, the company’s newsletter and podcast delivers free, digestible, and easy to understand financial news, has nearly 2 million monthly active podcast listeners and more than 20 million people subscribe to the weekly newsletter.
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Serving customer needs
Robinhood has empowered millions of people to invest and participate in the U.S. financial system. The company will hire hundreds of new registered financial services representatives this year in Southlake, Texas, and Tempe, Arizona. Across all of these locations, new team members will help reduce response times, build more self-service tools, and enhance informational and educational tools.
Investing at its core is a democratic concept — it allows people to take part in the success of a company or sector they believe in. With Robinhood’s latest round of funding, the aim is to continue empowering people in their financial lives by enabling a more democratic financial system.
