Robinhood Say $8M, $140M Wilhelm and TechCrunch

Robinhood Say $8M, $140M Wilhelm and TechCrunch, the new stock trading platform, has recently announced the successful completion of two separate rounds of funding, raising a total of $148 million. The first round, coming from venture capital firm Wilhelm, raised $8 million and the second, from TechCrunch, raised $140 million. The news of the successful funding rounds has been met with great enthusiasm and has many wondering what the company plans to do with the money. This article will explore the story behind Robinhood’s funding, their plans for the future, and the potential implications of their success.

Overview of Robinhood and its Funding Rounds

Robinhood is a new stock trading platform that has recently been gaining popularity among tech savvy investors. The company was founded in 2013 by two Stanford graduates, Baiju Bhatt and Vlad Tenev, and has quickly become one of the most talked about startups in Silicon Valley.

In April 2017, Robinhood announced that it had secured $8 million in funding from venture capital firm Wilhelm. This was followed by an announcement in August 2017 that the company had raised an additional $140 million from TechCrunch. This brings Robinhood’s total funding to $148 million.

What Robinhood Plans to Do With the Money

With the new money, Robinhood plans to continue to grow its user base and expand its services. The company plans to use the funds to hire new employees, develop new features, and build out its infrastructure. Additionally, the company has plans to expand into new markets and launch new products and services.

Implications of Robinhood’s Success

Robinhood Say $8M, $140M Wilhelm and TechCrunch funding rounds has implications for both the company itself as well as the wider financial industry. For Robinhood, the successful funding allows it to continue to grow and develop its products and services. It also provides the company with a cushion of capital to weather any future financial storms.

For the wider financial industry, Robinhood’s success is a sign of a changing landscape. It signals that newer, more tech-savvy businesses are making their mark on the industry and that traditional financial institutions may soon have to adapt to stay competitive.

Conclusion

Robinhood’s successful funding rounds have been met with great enthusiasm and many are eagerly awaiting the company’s next moves. The company has plans to use the money to expand its services and hire new employees, and its success has implications for the wider financial industry. As the company continues to grow, it will be interesting to see how far it can go and what new products and services it will offer in the future.