Alpaca, a US-based brokerage infrastructure provider, has raised US$150 million in a Series D funding round led by Drive Capital, valuing the company at US$1.15 billion and confirming its status as a unicorn.
Drive Capital co-founder and partner Chris Olsen will join Alpaca’s board as part of the investment.
The company also secured a US$40 million line of credit to support its balance sheet as it expands internationally.
“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.”
Founded to provide brokerage infrastructure through APIs, Alpaca enables access to stocks, exchange-traded funds, options, crypto and fixed income products.
The company operates a self-clearing custody model. It currently works with more than 300 partners across over 40 countries. Together, these partnerships support millions of brokerage accounts at banks and fintech companies.
