Capitalization of mobile apps for stock trading and cryptocurrency Robinhood is $5.6 billion after a funding round D, who headed the investment division of DST Global in composition Mail.ru Group.
We raised $363 million in a new round of funding led by DST Global, at a $5.6 billion valuation. Excited to welcome new investors Iconiq Capital, G Capital, Sequoia Capital, KPCB and to Robinhood. https://t.co/6GtASHfknq
— Robinhood (@RobinhoodApp) may 10, 2018.
So, the project managed to raise $363 million from DST Global, Iconiq, Capital G, Sequoia Capital, KPCB, NEA, and Thrive Capital.
According to the company, the user audience Robinhood has already exceeded 4 million.
We will remind, on the eve of this round of financing, the media reported that the capitalization of Robinhood of $5.6 billion, but now the project has officially confirmed this information.
It is noteworthy that a year ago, the division of DST Global Robinhood was estimated at $1.3 billion, and now the company is entering the TOP 15 most expensive private technology enterprises in the United States.