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SCHW - Robinhood Raises $200 Million in New Funding Valuing It at Over $11 billion
Charles Schwab Corporation
Arguably the hottest financial services company among youthful investors today just got a fresh injection of cash. Robinhood Markets announced Monday that it has received $200 million in funding from D1 Capital Partners. This, Robinhood says, values it at $11.2 billion.
The company has been a sensation, particularly through the coronavirus pandemic, which has essentially quarantined armies of day traders and other eager investors at home. Many have stayed busy in part by trading securities and other financial instruments.