Robinhood’s Stock Trading App Is Valued at $1.3 Billion
An investment of $110 million was led by Russian billionaire Yuri Milner’s DST Global.
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Robinhood, which makes a popular app for trading stocks without fees, is seeing its own share price soar. The Silicon Valley startup said its valuation increased to $1.3 billion after a new investment.
The funding round totaled $110 million and was led by DST Global, the Russian firm led by billionaire Yuri Milner. Other new investors include Thrive Capital, the New York venture capital firm run by Joshua Kushner, brother of White House senior adviser Jared Kushner.