Alpaca Raises $150mm to become the Newest WealthTech Unicorn
- Kendrick Wakeman, CFA
- 4 hours ago
- 1 min read
Alpaca has announced the closing of a $150 million Series D funding round led by Drive Capital, propelling the company to a $1.15 billion valuation. As a self-clearing broker-dealer and API-first platform, Alpaca provides the foundational technical layer that allows fintechs and financial institutions to embed stock, ETF, options, and crypto trading into their own applications. This latest capital injection is supplemented by a $40 million line of credit to further bolster the company's balance sheet as it pursues aggressive international growth.
The company currently powers over nine million brokerage accounts across 40 countries, serving more than 300 partner organizations including Kraken and SBI Securities. In the past year, Alpaca has significantly expanded its product suite to include multi-leg options, 24/5 U.S. stock trading, and Shariah-compliant investment tools. Notably, the firm has also emerged as a leader in digital assets, reportedly powering the vast majority of tokenized U.S. equities and ETFs through its specialized infrastructure.
The new funding will be used to enhance Alpaca’s global investment infrastructure and support sophisticated institutional trading clients. Key initiatives include establishing a local presence in new geographic markets, securing additional regulatory licenses, and bridging the gap between traditional fiat and on-chain financial ecosystems. By reinforcing its cybersecurity and platform resilience, Alpaca aims to solidify its position as the global standard for modern brokerage services.
