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Robinhood raises $280M, pushing its valuation to $8.3B

As expected, Robinhood has closed a new round of capital. The late-stage, consumer investing app announced today that it has closed a $280 million Series F funding at an $8.3 billion valuation. This closely tracks prior coverage that the firm was hunting for a nine-figure round at a valuation of around $8 billion.
Robinhood raised capital several times in 2019, including a $323 million mid-year Series E that valued the firm at around $7.6 billion, counting the value of the investment. 
The valuation gains that the Menlo Park, Calif.-based unicorn has enjoyed over time are slowing. The firm’s 2017 Series C valued it at around $1.3 billion. That rose to around $5.6 billion the next year when it raised $363 million in its Series D. The firm’s Series E’s $7.6 billion valuation was strong, then, but a deceleration. And today’s $8.3 billion valuation brings its slimmest valuation gain in years.
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