Robinhood raises $660 million in Series G

As reported by Reuters, trading app Robinhood has increased its latest funding round from investors to $660 million. The new cash is coming from new and existing investors in Robinhood, including Andreessen Horowitz, Sequoia, DST Global, Ribbit Capital, 9Yards Capital, and D1 Capital Partners.

The new fundraising is an extension of the Series G round which was announced last month, when D1 Capital Partners invested $200 million in the company, and will give Robinhood an $11.7 billion valuation.

Read more: Reuters