Alpaca Raises $150M Series D Reaching a $1.15B Valuation and Officially Joining the Unicorn Club
Alpaca, a U.S.-based company specializing in brokerage infrastructure technology, has announced the close of its $150 million Series D funding round, bringing the company’s valuation to $1.15 billion and officially positioning it among the unicorns.
The round was led by Drive Capital, with participation from prominent investors including Citadel Securities, MUFG Innovation Partners, Bank Muscat, and Derayah Financial, reflecting growing regional and global confidence in financial infrastructure platforms.
Alongside the equity raise, Alpaca secured a $40 million line of credit, further strengthening its balance sheet. As part of the investment, Chris Olsen, Co-Founder and Partner at Drive Capital, joined Alpaca’s Board of Directors.
The company plans to deploy the new capital to strengthen its global investment infrastructure, support institutional financial entities and trading clients, expand asset offerings, and reinforce cybersecurity and platform resilience.
Alpaca’s scalable APIs and self-clearing custody solutions provide global access to stocks, ETFs, options, crypto, and fixed income products. The company has partnered with over 300 organizations across more than 40 countries, supporting millions of brokerage accounts at leading financial institutions and fintech platforms.
Late last year, Alpaca revealed that it powered 94% of all tokenized U.S. equities and ETFs, highlighting its central role in bridging traditional finance and on-chain ecosystems. This momentum translated into strong performance, with Alpaca more than doubling its year-over-year revenue.
“Our mission is to open financial services to everyone on the planet,” said Yoshi Yokokawa, Co-Founder and CEO of Alpaca.
“Some of the most transformative technology companies are the ones working behind the scenes,” said Chris Olsen, Co-Founder and Partner at Drive Capital.
Looking ahead, Alpaca will continue to expand its regulatory footprint, secure licenses in key jurisdictions, enhance institutional-grade trading capabilities, and reinforce cybersecurity, reaffirming its leadership in the modernization of global capital markets.
