Robinhood Officially Closes $280 Million Series F

The Series F round values the fintech company at $8.3 billion; the latest round continues a deceleration of valuations the company has seen since 2017 as the company seems to be ‘growing into its valuation as it scales’ according to TechCrunch; a blog post from Robinhood shares that they have added 3 million accounts this year; they have also recorded revenues of about $60 million in March or three times of revenues posted in February; back in March the company faced backsplash over three outages in two weeks at a time when markets were volatile; Robinhood declined to comment on whether this round was closed before the outages or before the coronavirus crisis ramped up. Tech Crunch

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