Trading Platform Raised $ 1 Billion Fund

The trading platform raised $ 1 billion fund. Robinhood announced that it has received nearly $ 1 billion in funding from its current investors.

The trading platform has raised $ 1 billion. Robinhood was among the use of individual investors for GameStop, which is on the agenda in global capital markets. The aforementioned trading platform started a search for funding from existing investors. According to the report compiled by the New York Times, Robinhood has received more than $ 1 billion in funding from its current investors. According to the statements made to the newspaper based on the source who participated in the meetings and had information on the subject, the platform held meetings with its investors, including Sequoia Capital and Ribbit Capital, to gather funding. Speaking to the New York Times, Robinhood spokesperson Josh Drobnyk noted that funding demonstrates investors' trust in the company, and that funding will help the continuation of customer service. Sequoia and Ribbit did not comment on the news in question.   GameStop Investors Also Use Robinhood Robinhood is known as one of the platforms used by individual investors who make purchases against hedge funds that take short positions in some stocks, especially GameStop. The platform also used credit lines at banks to raise the cash required to complete orders. Robinhood CEO Vlad Tenev confirmed the use of credit lines and stated that purchase orders for these mixed shares were also restricted in order to maintain their financial position.