Companies · Investment Vehicle

Robinhood Markets, Inc.

MENLO PARK · Investment Vehicle · refined from filed group “Other Technology · https://robinhood.com/

Diligence memoA one-page analyst read on Robinhood Markets, Inc. — recommendation, valuation, rhythm, risks.
$1.4B
Total raised · real
3
Rounds
0.3×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Thu Aug 13 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Robinhood Markets, Inc. has raised $1.4B over 3 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Investment Vehicle

Robinhood Markets, Inc. is one of 1793 Investment Vehicle companies tracked from MENLO PARK. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Trade stocks on Robinhood with commission-free investing & advanced trading tools. Access fractional shares, real-time market data, and more. Terms and fees may apply.

Trade stocks on Robinhood with commission-free investing & advanced trading tools. Access fractional shares, real-time market data, and more. Terms and fees may apply. A new era of crypto is on the horizon. Tune in to the livestream on July 1, 2026 at 11AM PDT · 2PM EDT. Learn more Stocks & funds offered through Robinhood Financial. Crypto offered through Robinhood Crypto. See our Fee Schedule for more details. Stocks & funds offered through Robinhood Financial. Crypto offered through Robinhood Crypto. See our Fee Schedule for more details. Get timely market insights with an expert-managed portfolio that proactively adjusts your investments. Robinhood Gold members get zero management fees on every dollar over $100K. For illustrative purposes only. Portfolio management offered through Robinhood Asset Management (“Robinhood Strategies”), an SEC-registered investment advisor. Gold membership is offered by Robinhood Gold, LLC. For illustrative purposes only. Portfolio management offered through Robinhood Asset Management (“Robinhood Strategies”), an SEC-registered investment advisor. Gold membership is offered by Robinhood Gold, LLC. Brokerage services are offered through Robinhood Fin

crypto/web3
Find Robinhood Markets, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
2
Investors (latest)
2020-08-13
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0B$10.0B$15.0B$20.0BSeries D+ · 2019-08-01 Raised $323M (real) Modeled valuation $5.6B (est)$323M$5.6BSeries D+2019Series D+ · 2020-05-01 Raised $280M (real) Modeled valuation $4.8B (est)$280M$4.8BSeries D+2020Growth/Late · 2020-05-01 Raised $430M (real) Modeled valuation $7.6B (est)$430M$7.6BGrowth/Late2020Growth/Late · 2020-08-13 Raised $668M (real) Modeled valuation $11.7B (est)$668M$11.7BGrowth/Late2020Series D+ · 2020-08-13 Raised $208M (real) Modeled valuation $3.5B (est)$208M$3.5BSeries D+2020+$280M+$430M+$668M+$208MCumulative $1.9B

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series D+$323.1M · 2019
Series D+ extension$280.0M · 2020
Growth/Late$430.3M · 2020
Growth/Late extension$668.3M · 2020
Bridge · Growth/Late-stage$208.3M · 2020smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 29%.

Modeled valuation trajectory
$11.7B
Base estimate est.
$5.2B
Conservative case
$20.9B
Upside case
$6.7B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series D+ · modeled $5.6B · 2019-08-012019Series D+ · modeled $4.8B · 2020-05-01Growth/Late · modeled $7.6B · 2020-05-01Growth/Late · modeled $11.7B · 2020-08-13Series D+ · modeled $3.5B · 2020-08-132020
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
90%
Survival probability
78% low · 97% high
1.12×/yr
Annual markup
1.22×/yr upside case
5.9 yr
Elapsed time used
5.9 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
3 mo
Avg between rounds
$1.4B/yr
Capital velocity
6.9 yr
On record since
2019
First round
5
Rounds on file
How it compares to the market

Benchmarked against 1793 companies in Investment Vehicle. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 439× above median
This company$1.4B
Sector median$3.2M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.4× of median
This company$208.3M
Sector median$535.5M
Modeled value — vs sector median (estimate, all stages) 465× above median
This company$11.7B
Sector median$25.2M

Raised more than 100% of sector peers (real $). Modeled value above 99% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series D+$323.1M2019-08-01$2.7B$5.6B90%
Series D+$280.0M2020-05-01$2.3B$4.8B90%
Growth/Late$430.3M2020-05-01$4.3B$7.6B90%
Growth/Late$668.3M2020-08-13$6.7B$11.7B90%
Series D+$208.3M2020-08-13$1.7B$3.5B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series D+$323.1M2019-08-01
    • First recorded raise — entered as Series D+.
    • 16 investors on this round.
  2. Series D+$280.0M2020-05-01
    • Raised 9 mo later.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  3. Growth/Late$430.3M2020-05-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
    • 17 investors on this round.
  4. Growth/Late$668.3M2020-08-13
    • Raised 3 mo later.
    • Round 1.6× larger than the prior — scaling up.
    • 26 investors on this round.
  5. Series D+$208.3M2020-08-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2020 ~Q4
Modeled next raise · ~3mo cadence
$208.3M
Modeled next size est.range $208.3M$333.3M
0.3×
Last step-up
$1.4B/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Scott Sandell18 other2019-08
Daniel Gallagher1 other2020-05
Jan Hammer1 other2019-08
Anne Hoge Milliken2020-05
BAIJU BHATT2019-08
GRETCHEN HOWARD2019-08
JASON WARNICK2019-08
VLADIMIR TENEV2019-08
Registry & provenance

Robinhood Markets, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1783879
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

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Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
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Hedge Capital Markets Inc.Other TechnologySeries A$29.2M72%
Tradingfront, Inc.Other TechnologyPre-Seed$25.4M71%
SoLo Funds Inc.Other TechnologySeed$96.4M71%
BlockMarkets, Inc.Other TechnologyPre-Seed$6.4M71%
TradeOff Financial Corp.Other TechnologySeries A$31.4M71%
Frequently asked
How much funding has Robinhood Markets, Inc. raised?
Robinhood Markets, Inc. has raised approximately $1.4B in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Robinhood Markets, Inc.'s estimated valuation?
Provath's modeled valuation for Robinhood Markets, Inc. is approximately $11.7B (modeled range $5.2B–$20.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Robinhood Markets, Inc. at?
Robinhood Markets, Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Thu Aug 13.
What does Robinhood Markets, Inc. do and where is it based?
Robinhood Markets, Inc. operates in the Investment Vehicle sector, based in MENLO PARK. Trade stocks on Robinhood with commission-free investing & advanced trading tools. Access fractional shares, real-time market data, and more. Terms and fees may apply.
Explore related

See where Robinhood Markets, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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