Robinhood’s Big Funding Streak: The Information’s Tech Briefing

Online trading startup Robinhood said Monday it had raised $200 million, a month after raising $320 million, which in turn was two months after it raised $280 million. With the latest funding round, Robinhood’s valuation has risen to $11.2 billion from $8.6 billion last month.

If nothing else, the company’s astonishing ability to amass so much money so fast is a testament to the current venture capital environment: The best-known startups are raising money at a rapid clip—particularly those whose businesses are doing better from Covid, as we noted in this story in June.