The commission-free trading application Robinhood is seeking a new round of financing with a valuation of approximately $ 8 billion

Bloomberg quoted sources as saying that the commission-free trading application Robinhood is seeking a new round of financing with a valuation of approximately US $ 8 billion, and Sequoia Capital will spend approximately US $ 250 million to lead this round of financing. After closing the last round of financing, the company’s latest valuation is 7.6 billion US dollars. This round of $ 8 billion is a pre-financing valuation, which means the company’s value before receiving the latest round of funding. For the system technical failure that occurred in the past few weeks, Robinhood blamed it on the new user registration, which caused excessive transaction volume, which made it difficult for customers to access the account. Among them, on March 2, an outage incident lasted for the entire US trading session, during which the S & P 500 index climbed 4.6%. People familiar with the matter said that despite this, the company still achieved record revenue growth during the new coronary epidemic, and new users increased substantially. Relevant personnel from Robinhood and Sequoia Capital declined to comment. Robinhood’s previous investors include GV, DST Global, Kleiner Perkins, New Enterprise Associates and Index Ventures.