Alpaca Raises $150 Million at a $1.15B Valuation to Build the Global Standard for Brokerage Infrastructure

Alpaca, a prominent provider of brokerage infrastructure APIs, has secured $150 million in Series D funding led by Drive Capital, elevating its valuation to $1.15 billion, and gained a $40 million line of credit to bolster its global expansion efforts. The investment, which includes notable participants such as Citadel Securities and MUFG Innovation Partners, underscores confidence in Alpaca's mission to democratize financial services and enhance its brokerage infrastructure. With its scalable APIs and self-clearing custody, Alpaca offers access to a diverse range of financial products and has established partnerships with over 300 organizations across 40+ countries. The company has seen significant growth, powering millions of brokerage accounts and reporting a substantial increase in revenue. Alpaca aims to use the new funds to strengthen its global investment infrastructure, expand its product offerings, and secure regulatory licenses in key markets, while continuing to innovate in tokenization and Shariah-compliant investing solutions. This funding round and strategic initiatives highlight Alpaca’s commitment to maintaining a leadership role in modernizing global capital markets, while also emphasizing the inherent risks and regulatory considerations associated with its diverse investment offerings.