๐๐น๐ฝ๐ฎ๐ฐ๐ฎ ๐ฅ๐ฎ๐ถ๐๐ฒ๐ $๐ญ๐ฏ๐ฑ๐ ๐๐ผ ๐๐ ๐ฝ๐ฎ๐ป๐ฑ ๐๐ด๐ฒ๐ป๐-๐๐ถ๐ฟ๐๐ ๐๐ฟ๐ผ๐ธ๐ฒ๐ฟ๐ฎ๐ด๐ฒ ๐๐ป๐ณ๐ฟ๐ฎ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ
- Jul 20
- 1 min read
Alpaca, a New York-based agent-first brokerage infrastructure company, has raised $135M in new funding. The round was led by Peak XV, with participation from Elefund, Opera Tech Ventures, and Unbound. The investment follows Alpaca's $150M Series D announced in January 2026, which valued the company at $1.15 billion. Alpaca is led by CEO Yoshi Yokokawa.
A self-clearing broker-dealer, Alpaca provides API-first infrastructure that lets financial companies build and scale investing products across traditional and onchain markets. Its clients include fintechs, banks, broker-dealers, wealth managers, algorithmic trading firms, active traders, and crypto-native platforms. The company plans to use the funding to accelerate its agent-first brokerage and prime brokerage infrastructure. For platforms, integrators, and wealth managers, the raise signals continued investment in the connective technology that powers modern trading and investing experiences.
The financing also touches a broader industry question about the best and worst uses of AI in wealth management. Alpaca's agent-first design places automated agents at the center of trade execution and market access, an approach that promises efficiency and scale while raising familiar considerations around oversight, transparency, and control in regulated activities such as trading. How firms weigh those tradeoffs may help determine which AI-driven infrastructure earns lasting adoption.
