# Robinhood Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/robinhood-financial

- Industry: Financial Services
- Headquarters: Menlo Park, US
- Website: www.robinhood.com
- Total disclosed funding: $5.4B
- Latest round: Series G (Feb 1, 2021)
- Investors on record: 21

## About

Based in California, US, Robinhood Financial LLC was founded in 2013 by co-founders Mr. Baiju Bhatt and Mr. Vlad Tenev. The company operates as a provider of an online stock brokerage platform for traders and investors. The company is a wholly-owned subsidiary of Robinhood Markets, Inc. The company's app was first released in the AppStore in December 2014, and it was then officially launched three months after it was first released. In July 2021, Robinhood Financial LLC raised USD 2.09 billion in an IPO, selling 55 million shares at USD 38 per share on the NASDAQ.

The company's platforms enable users to invest in stocks, exchange-traded funds (ETFs), cryptocurrencies, and other options without paying commission fees. The company also offers Robinhood Gold that allows users to access research reports, trade on margin, make bigger instant deposits, access tools, price movement notifications, and receive customized investment news to help users find the right moment for investments.  

The company's revenue is generated primarily by three sources, such as interest on client cash balances, selling order information to high-frequency traders, and margin lending.  

The company plans to enhance its product to give more people access to the financial system. It also plans to be listed on the NASDAQ under the symbol HOOD.

## Funding rounds

- Series G, Feb 1, 2021, $3.4B — Index Ventures, New Enterprise Associates, Hong Shan, Andreessen Horowitz, ICONIQ Capital, Ribbit Capital
- Series G, Oct 1, 2020, $460M — Hong Shan, Andreessen Horowitz, DST Global, Ribbit Capital, D1 Capital Partners, 9Yards Capital
- Series G, Aug 13, 2020, $208M — D1 Capital Partners
- Series F, Jun 1, 2020, $150M — Institutional Venture Partners, TSG Consumer Partners
- Series F, May 1, 2020, $280M — New Enterprise Associates, Hong Shan, Ribbit Capital, Unusual Ventures, 9Yards Capital
- Series E, Jul 25, 2019, $323M — New Enterprise Associates, Hong Shan, DST Global, Thrive Capital, Ribbit Capital
- Series D, Apr 4, 2018, $363M — Kleiner Perkins, New Enterprise Associates, Hong Shan, DST Global, Thrive Capital, ICONIQ Capital, CapitalG, Alajlan Family Office
- Series C, Apr 17, 2017, $109M — Index Ventures, New Enterprise Associates, Greenoaks Capital, DST Global, Thrive Capital, Ribbit Capital
- Series B, May 7, 2015, $50M — Index Ventures, New Enterprise Associates, Social Leverage Capital, Rainfall Ventures, Ribbit Capital
- Series A, Sep 23, 2014, $13M — Index Ventures, Ribbit Capital
- Seed, Dec 18, 2013, $3M — Index Ventures, GV, Andreessen Horowitz, Rothenberg Ventures
- Seed, Apr 18, 2013 — GV

## Investors

- GV (https://capitalatlas.ai/funds/gv) — Seed
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed, Series A, Series B, Series C, Series G
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series G
- Rothenberg Ventures (https://capitalatlas.ai/funds/rothenberg-ventures) — Seed
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A, Series B, Series C, Series E, Series F, Series G
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B, Series C, Series D, Series E, Series F, Series G
- Social Leverage Capital (https://capitalatlas.ai/funds/social-leverage-capital) — Series B
- Rainfall Ventures (https://capitalatlas.ai/funds/rainfall-ventures) — Series B
- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Series C
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series C, Series D, Series E, Series G
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series C, Series D, Series E
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series D
- Hong Shan — Series D, Series E, Series F, Series G
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series D, Series G
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series D
- Alajlan Family Office — Series D
- Unusual Ventures (https://capitalatlas.ai/funds/unusual-ventures) — Series F
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Series F, Series G
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series F
- TSG Consumer Partners (https://capitalatlas.ai/funds/tsg-consumer-partners) — Series F
- D1 Capital Partners (https://capitalatlas.ai/funds/d1-capital-partners) — Series G