Meet the Team That Will Drive Robinhood's Growth
Robinhood has raised another $200 million in a Series G funding round, its third massive investment this year, as it continues to grow its commission-free trading platform. This latest funding brings the company’s valuation to $11.2 billion. Robinhood plans to use its latest injection of money to invest in improving its core product and customer experience.
Founded by Baiju Bhatt and Vlad Tenev in 2013, Robinhood offers users the ability to engage in commission-free trading with as little as $1. In 2019, the company expanded its operations to include cash management services that can allow users to earn interest on cash they have deposited into their Robinhood accounts but not yet used to purchase securities.
The company is rapidly gaining new users, many of which are new to investing and eager for information, evidenced by a 250% spike in average unique daily visits to its “Learn” resources since January. Here are the team members the company will lean on as it continues to quickly scale.
Just this month, the company strengthened its legal team with two new hires, Christina Lai and Lucas Moskowitz, who will both serve as VPs and Deputy General Counsels. Lai will oversee and grow Robinhood’s corporate legal group, as well as legal’s product, commercial, and privacy teams as it continues to scale. She will also serve as Corporate Secretary for Robinhood, supporting the expansion of its Board of Directors and enhancing the company's governance and disclosure policies and practices. Moskowitz will oversee the company’s regulatory, litigation, and government affairs groups, which will serve a vital function as the company comes under greater regulatory scrutiny as it grows.
Surabhi Gupta joined the company in late May 2020 as the VP of Product Engineering. In her role, she oversees all customer-facing products on the company's platform, including cash management and investing in stocks, options, and cryptocurrency. Surabhi plays an integral role in leading the company's engineering teams that are working to improve the product experience, meaninng her team could be a major benificary of this latest funding round.
Robinhood’s Head of International Expansion, Patrick Kavanagh, is in charge of leading the company into new markets and is a central part of the company's growth strategy. Robinhood had aimed to launch its service in the UK in early 2020, but was forced to delay its plans. The company is still committed to launching its service in the country this year, making Kavanagh a figure to watch.
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