Robinhood raises $1 billion of fresh funding from existing investors amid GameStop controversy

By Anirban Sen, Munsif Vengattil and Juby Babu (Reuters) - Online broker Robinhood has raised more than $1 billion of fresh capital from existing investors, having been strained by high volumes of trading this week and raising the ire of customers, celebrities and politicians for curbing the purchase of some hot stocks. Robinhood's existing investors include venture capital firms Sequoia Capital and Ribbit Capital, who came together on Thursday night to offer the emergency funding, according to a New York Times report. Reuters could not immediately verify if Sequoia and Ribbit helped with the ...