The capital was in addition to the $1 billion it raised last week amid a trading frenzy over the video-game retailer GameStop and other stocks.
Robinhood raised an additional $2.4 billion over the weekend, the trading app said on Monday, adding to the $1 billion it had to seek from its investors earlier last week. “This round of funding will help us scale to meet the incredible growth we’ve seen and demand for our platform,” Robinhood’s chief financial officer, Jason Warnick, said in a post on the company’s website. The infusion was led by Ribbit Capital and included other existing investors like Sequoia Capital, Robinhood said. The company called it “a strong sign of confidence.
