Sources: Robinhood is raising $250M led by Sequoia Capital, at a pre-money valuation of about $8B (Katie Roof/Bloomberg)

Katie Roof / Bloomberg:
Sources: Robinhood is raising $250M led by Sequoia Capital, at a pre-money valuation of about $8B  —  Robinhood Markets Inc., the online brokerage that’s suffered repeated outages during recent market turmoil, is close to raising new funding at valuation of about $8 billion, according to people familiar with the matter.