Robinhood Rival Webull Raises New Funds at $1 Billion Valuation

Webull, the Chinese-owned brokerage that runs one of the fastest-growing retail trading platforms in the U.S., raised $150 million in a new financing round that gives the startup more firepower to compete with Robinhood Markets.

The fundraising valued Webull’s parent company at more than $1 billion, people familiar with the matter said, asking not to be identified discussing private information. A Webull spokesperson declined to comment.