Quick take:
- The Series D round was closed at a valuation of $1.15 billion, according to the press release seen by NFTgators.
- Alpaca also secured a $40 million line of credit to further accelerate its global expansion.
- Alpaca offers a brokerage infrastructure platform whose API’s are used by the likes of Kraken, SBI Securities, and Dime!.
Alpaca, the brokerage infrastructure platform whose APIs are used by leading brands like SBI Securities, Kraken, and Dime!, has raised $150 million in a Series D funding round led by Drive Capital.
The funding also attracted participation from Citadel Securities, Opera Tech Ventures, MUFG Innovation Partners, Flat Capital, DRW Venture Capital, Kraken, and Altered Capital, among others.
As part of his firm’s leading role in the round, Drive Capital’s Co-Founder and Partner, Chris Olsen, will join Alpaca’s Board of Directors. The Series D funding was closed at a valuation of $1.15 billion, according to the press release seen by NFTgators.
Alpaca also secured a $40 million line of credit to further accelerate its global expansion.
“Our mission is to open financial services to everyone on the planet,” said Yoshi Yokokawa, Co-Founder and CEO of Alpaca. “We are building the global standard for brokerage infrastructure so our partners can bring investing to more people. This raise gives us the fuel to deliver more faster to both our enterprise partners and active traders globally.”
Alpaca’s scalable APIs and self-clearing custody enable global access to stocks, ETFs, options, crypto, and fixed income products. The company claims to have partnered with over 300 organizations in more than 40 countries.
In a tokenization report published last year, Alpaca also said it had powered 94% of all tokenized U.S. equities and ETFs.
Olsen, Co-Founder and Partner of Drive Capital, commented: “Just as Stripe and Plaid rewired payments and financial data pipes, Alpaca is redefining how global investing infrastructure works. They’re building the foundational layer that modern financial institutions will depend on for the next decade.”
The company plans to use the fresh capital to further strengthen its global investment infrastructure, supporting sophisticated financial institutions and institutional clients worldwide.
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