• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    18 Oct, 2019

Description

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:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
Vlad Tenev, Baiju Bhatt
Board Members and Advisors:
Baiju Prafulkumar Bhatt, Vladimir Tenev, Jan Hammer, Krishna Kittu Kolluri, Didier Hilhorst, , Vladimir Tenev.
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
New Enterprise Associates, Index Ventures, Ribbit Capital, Vaizra Investments, Social Leverage, Andreessen Horowitz, Google Ventures, Howard Lindzon, Susa Ventures, Jordan Mendell, Slow Ventures, Nasir "Nas" Jones, Jared Leto, Snoop Dogg, Aaron Levie, Dave Morin, Tim Draper, QueensBridge Venture Partners, Rothenberg Ventures, IT Ventures, DST Global, Greenoaks Capital, Thrive Capital, and Rocnation.
KEY EMPLOYEES:
Nate Rodland (COO); Baiju Prafulkumar Bhatt (CEO)

TRACTION

VALUATION / MARKET CAP:
$7.6 Billions in 2019
VALUATION COMMENT
The company had raised funding in July'2019 and valued at $7.6 billion.
REVENUE:
$10M+ in 2017
REVENUE COMMENT:
Viewable by subscribers only
TRANSACTIONS VALUE:
$3 Billions
ACTIVE USERS:
6 Million in 2018
ACTIVE USERS COMMENT:
The company has more than 6 million customers to date. (Apr. 2019)
COMMENT:
Customers have saved over $12 million in commissions and transacted over $500 million through the company's platform.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$539 Millions
DATE OF LAST FUNDING:
Mar 2018
SEED & PRIOR FUNDING:
$3 Millions
SEED CLOSED ON:
Dec 2013
FUNDING SERIES:
SERIES A
$13 Million Closed: Sep 2014
SERIES B
$50 Millions Closed: May 2015
SERIES C
$110 Million Closed: Apr 2017
SERIES D
$363 Millions Closed: Mar 2018
LISTED:
NO

LATEST RESEARCH