Robinhood
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Investors
Founders
About
Robinhood is a financial services company that offers commission-free trading of stocks, ETFs, options, and cryptocurrencies through its mobile app 1. The company was co-founded in April 2013 by Vlad Tenev and Baiju Bhatt, who were roommates and classmates studying physics at Stanford University 2. Robinhood went public on the Nasdaq in July 2021 at a $32 billion valuation, trading under the ticker HOOD 3. The company has raised approximately $5.7 billion in total funding across multiple rounds 4.
Funding History
| Round | Date | Amount | Lead Investor(s) | Key Co-Investors | Valuation |
|---|---|---|---|---|---|
| Seed | 2013-12-18 | $3M | Index Ventures | Andreessen Horowitz, Rothenberg Ventures, Tim Draper, Howard Lindzon (Google Ventures ~$250K pre-seed, August 2012) | Not publicly disclosed 1617 |
| Series A | Sep 2014 | $13M | Index Ventures | Ribbit Capital, Aaron Levie, Jared Leto, Snoop Dogg, Nas | Undisclosed |
| Series B | May 2015 | $50M | NEA | Index Ventures, Ribbit Capital, Social Leverage, Vaizra Investments | $250M post-money 10 |
| Series C | Apr 2017 | $110M | DST Global | Greenoaks Capital, Thrive Capital | $1.3B |
| Series D | May 2018 | $363M | DST Global | Iconiq, Capital G, Sequoia Capital, Kleiner Perkins, NEA, Thrive Capital | $5.6B |
| Series E | Jul 2019 | $323M | DST Global | Ribbit Capital, NEA, Sequoia, Thrive Capital | $7.6B |
| Series F | May 2020 | $280M | Sequoia Capital | NEA, Ribbit Capital, 9Yards Capital, Unusual Ventures | $8.3B 10 |
| Series F ext. | Jul 2020 | $320M | IVP, TSG Consumer Partners | Existing investors | $8.6B |
| Series G | Aug 2020 | $200M | D1 Capital Partners | Existing investors | $11.2B 11 |
| Series G ext. | Sep 2020 | $460M | D1 Capital Partners | Andreessen Horowitz, Sequoia, DST Global, Ribbit Capital, 9Yards Capital | $11.7B 12 |
| Series H | Jan 2021 | $1B | Ribbit Capital | NEA, Index Ventures, ICONIQ Capital | Convertible note (30% discount to IPO price) 13 |
| Private Equity | Feb 2021 | $2.4B | Ribbit Capital | ICONIQ Capital, Andreessen Horowitz, Sequoia, Index Ventures, NEA | Convertible note 14 |
| IPO | Jul 2021 | ~$1.9B (net proceeds) | Goldman Sachs, J.P. Morgan (underwriters) | Barclays, Citigroup, Wells Fargo Securities | $32B 15 |
What Investors Say
No independently sourced investor testimonials found.
What Founders Say
No independently sourced founder testimonials found.
Sources
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Robinhood website, accessed March 2026. https://robinhood.com↩
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Wikipedia, “Robinhood Markets,” accessed March 2026. https://en.wikipedia.org/wiki/Robinhood_Markets↩↩
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CNBC, “Robinhood valued at $32 billion after selling shares in IPO at $38 per share,” July 2021. https://www.cnbc.com/2021/07/28/robinhood-valued-at-32-billion-after-selling-shares-in-ipo-at-38-per-share-source-says.html↩
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Clay, “How Much Did Robinhood Raise? Funding & Key Investors,” accessed March 2026. https://www.clay.com/dossier/robinhood-funding↩↩
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Yahoo Finance, “Robinhood Closes $3 Million in Seed Funding,” December 2013. https://finance.yahoo.com/news/robinhood-closes-3-million-seed-140000045.html↩
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Robinhood Newsroom, “Robinhood Raises $363 Million to Expand Product Lineup,” May 2018. https://robinhood.com/us/en/newsroom/robinhood-raises-363-million-to-expand-product-lineup/↩
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Robinhood Newsroom, “Robinhood Raises $323M to Democratize Finance For All,” July 2019. https://robinhood.com/us/en/newsroom/robinhood-raises-323m-to-democratize-finance-for-all/↩
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Tracxn, “Robinhood - 2026 Funding Rounds & List of Investors,” accessed March 2026. https://tracxn.com/d/companies/robinhood/__ftFGCJ3CCjzKvgmHzIC3I7cNIjrIk2k6uypP6P1qOWk/funding-and-investors↩
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Crunchbase News, “Robinhood IPO Misses Mark But Strikes Gold For Founders And VCs,” July 2021. https://news.crunchbase.com/business/robinhood-ipo-nasdaq-hood/↩
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TechCrunch, “Robinhood raises $280M, pushing its valuation to $8.3B,” May 4, 2020. https://techcrunch.com/2020/05/04/robinhood-raises-280m-pushing-its-valuation-to-8-3b/↩↩
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CNBC, “Robinhood announces another mega round, valuation soars to $11.2B,” August 17, 2020. https://www.cnbc.com/2020/08/17/robinhood-announces-another-mega-round-valuation-soars-to-11point2b.html↩
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PitchBook, “Robinhood worth $11.7B after adding to Series G,” September 2020. https://pitchbook.com/newsletter/robinhood-worth-117b-after-adding-to-series-g↩
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PitchBook, “Ribbit, Robinhood’s key fintech VC firm, steps up at pivotal moment,” January 2021. https://pitchbook.com/news/articles/ribbit-capital-robinhood-fintech-vc-pivotal-moment↩
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CNBC, “Why investors were willing to write Robinhood a $3 billion check during the GameStop chaos,” February 3, 2021. https://www.cnbc.com/2021/02/03/why-investors-were-willing-to-write-robinhood-a-3-billion-check-during-the-gamestop-chaos-.html↩
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GlobeNewsWire, “Robinhood Markets, Inc. Announces Pricing of Initial Public Offering,” July 29, 2021. https://www.globenewswire.com/news-release/2021/07/29/2270831/0/en/Robinhood-Markets-Inc-Announces-Pricing-of-Initial-Public-Offering.html↩
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TechCrunch (Sarah Buhr), “Robinhood App Will Offer Zero-Commission Stock Trades Thanks To $3M Seed From Index And A16Z,” December 18, 2013, accessed July 2026. https://techcrunch.com/2013/12/18/zero-commission-stock-trading-robinhood/ — Contemporaneous press confirming the exact December 18, 2013 seed announcement, $3M raise led by Index Ventures with Andreessen Horowitz, Rothenberg Ventures, Tim Draper, and Howard Lindzon; notes prior small pre-seed check (~$250K) from Google Ventures in August 2012. No post-money valuation disclosed. ↩
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Vator.tv (Steven Loeb), “Mobile stock brokerage, Robinhood, lands $3M seed,” December 18, 2013, accessed July 2026. https://vator.tv/news/2013-12-18-mobile-stock-brokerage-robinhood-lands-3m-seed — Contemporaneous press confirming December 18, 2013 date, $3M seed led by Index Ventures. Named investors: Andreessen Horowitz, Rothenberg Ventures, Tim Draper, Howard Lindzon; prior ~$250K from Google Ventures in August 2012. No valuation disclosed. ↩