Robinhood

wealthtech-retailother investments platform

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 10/07/2020

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About

Robinhood is a commission-free, mobile-first stock brokerage firm which helps users to buy and sell US-listed stocks, ETFs, options, and cryptocurrencies. Currently, the company operates a website and mobile apps for iPhone, Apple Watch, and Android. Recently, Robinhood was selected for the 2019 Forbes Fintech 50 startups list.

Focus

PRODUCTS & SERVICES

Robinhood is a smartphone app that allows individuals to invest in publicly traded companies and exchange-traded funds listed on US exchanges without paying commission.

REVENUE MODEL

Robinhood generates revenue by collecting interest from customers who choose to upgrade to a margin account and from accruing interest from customers’ uninvested cash balances. The stock trading app makes revenue through its subscription Robinhood Gold product, which offers margin and extended-hours trading.

EXISTING PARTNERSHIPS

Quantopian: Allows users to trade securities without paying a commission.

COMMENT

Robinhood will be expanding outside of the US. Users will be able to buy and sell US-listed companies, ETFs, and many of the largest companies in their home country.

Traction

VALUATION / MARKET CAP:

$7.6 B in 2019

VALUATION COMMENT:

The company had raised funding in July'2019 and valued at $7.6 billion.

REVENUE

$10M+ in 2017

REVENUE COMMENT:

The company had a revenue of $69Million in 2017

TRANSACTIONS VALUE:

$3 B

ACTIVE USERS:

6 Million in 2018

ACTIVE USERS COMMENT:

The company has more than 6 million customers to date. (Apr. 2019)

TRACTION COMMENT:

Customers have saved over $12 million in commissions and transacted over $500 million through the company's platform.

People

FOUNDERS

Vlad Tenev

Baiju Bhatt

BOARD MEMBERS AND ADVISORS

Baiju Prafulkumar Bhatt

Vladimir Tenev

Jan Hammer

Krishna Kittu Kolluri

Didier Hilhorst

and Vladimir Tenev.

NUMBER OF EMPLOYEES

501-1000

INVESTORS:

Aaron Levie

and Rocnation.

Andreessen Horowitz

Dave Morin

DST Global

Google Ventures

Greenoaks Capital

Howard Lindzon

Index Ventures

IT Ventures

Jared Leto

Jordan Mendell

Nasir "Nas" Jones

New Enterprise Associates

QueensBridge Venture Partners

Ribbit Capital

Rothenberg Ventures

Sequoia Capital

Slow Ventures

Snoop Dogg

Social Leverage

Susa Ventures

Thrive Capital

Tim Draper

Vaizra Investments

KEY EMPLOYEES:

Nate Rodland (COO); Baiju Prafulkumar Bhatt (CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$1.14 B

DATE OF LAST FUNDING

May 2020

SEED CLOSED ON

May 2013

FUNDING SERIES

SERIES A  · $13 M  · Sep 2014

SERIES B  · $50 M  · May 2015

SERIES C  · $110 M  · Apr 2017

SERIES D  · $363 M  · May 2018

SERIES E  · $323 M  · Jul 2019

SERIES F  · $280 M  · May 2020

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

United States

Views:

704 VISITORS | 1195 VIEWS
LATEST FUNDING ROUND

$1.14 B

TOTAL EMPLOYEES
501-1000

About

Robinhood is a commission-free, mobile-first stock brokerage firm which helps users to buy and sell US-listed stocks, ETFs, options, and cryptocurrencies. Currently, the company operates a website and mobile apps for iPhone, Apple Watch, and Android. Recently, Robinhood was selected for the 2019 Forbes Fintech 50 startups list.

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