Robinhood Raises Another $2.4 Billion as Broker App Deals With Retail Trading Frenzy

As it sits amid the recent extreme bouts of market volatility, discount online brokerage Robinhood has been able to raise another $2.4 billion from investors, the company said Monday. From a report: That brings to $3.4 billion that the firm has been able to raise since last Thursday, a total that exceeds the amount it has raised in its entire history. "This funding is a strong sign of confidence from investors and will help us build for the future and continue to serve people through the exponential growth we've seen this year," the company said in a statement. The startup started easing trading restrictions on Monday, raising its trading limit on GameStop to four shares from a single share.

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