Robinhood raises $1 billion from its investors: Report

Trading platform Robinhood Markets is raising an infusion of more than $1 billion from its existing investors, having been strained by high volumes of trading this week, according to a New York Times report early on Friday.

The company contacted its investors, including venture capital firms Sequoia Capital and Ribbit Capital, who then came together on Thursday night to offer the emergency funding, the report said, citing five people involved in the negotiations.