Zero-commission brokerage start-up Robinhood said Tuesday it has picked up $13 million in series-A funding from venture capital firm Index Ventures.
The capital infusion would be used to hire engineers and designers and bring the Apple iOS-only app out of beta, co-founders Vlad Tenev and Baiju Bhatt told CNBC.
The company, which launched its mobile trading platform earlier this year, also added a number of well-known Silicon Valley names to its board of directors, including Jan Hammer of Index Ventures, Box co-founder and CEO Aaron Levie, actor and musician Jared Leto and rapper Snoop Dogg, Tenev added.