<p>Brokerage app company Robinhood has raised $200 million in a Series G funding round, adding D1 Capital Partners as a new investor.</p> <p>Robinhood said in a <a href="https://blog.robinhood.com/news/2020/8/17/series-g" target="_blank" rel="noopener noreferrer">blog post</a> that the new funding elevates its valuation to $11.2 billion. The move comes roughly two months after Robinhood raised $320 million at an $8.6 billion valuation during a round that added TSG Consumer Partners and IVP as new investors.</p> <p>"With this funding, we’ll continue to invest in improving our core product and customer experience," the firm said in a statement.</p> <p>As previously reported by The Block, Robinhood has seen a surge in income from payment for order flow, or PFOF. Robinhood <a href="https://www.theblockresearch.com/brokers-payments-q2-data-order-flow-73975" target="_blank" rel="noopener noreferrer">saw</a> its net payment for order increase roughly 98% from $90.9 million to $180.1 million in the second quarter of 2020. </p>