Total amount raised
$71.8 Millions
Latest funding date
6/1/2021
Location
Alpaca has successfully raised over $100 million in funding, supported by a diverse group of 42 investors. The platform offers APIs for stock, options, and cryptocurrency trading, enabling developers and businesses to build apps and embed investing services.
Keep reading to explore the intricacies of Alpaca's fundraising journey and the investors backing this innovative platform.
What Is Alpaca?
Alpaca, founded in 2015, is based in San Mateo, California. The company was established by Hitoshi Harada, Yoshi Yokokawa, and Yuki Hayashi.
Specializing in developer-first embedded financial technologies, Alpaca offers APIs for stock, options, and cryptocurrency trading. Their platform supports a wide range of apps and businesses globally.
With a team of 251-500 employees, Alpaca continues to innovate in the financial technology space, providing real-time market data and end-to-end brokerage infrastructure.
How Much Funding Has Alpaca Raised?
- Seed Round
- Amount Raised: $1M
- Date: October 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the platform and launch the business.
- Seed Round
- Amount Raised: $1.8M
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Seed Round
- Amount Raised: $3M
- Date: October 2018
- Lead Investors: Global Brain Corporation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and product development.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2019
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage Y Combinator's network and resources for further growth.
- Series A
- Amount Raised: $6M
- Date: November 2019
- Lead Investors: Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product offerings and increase market penetration.
- Series A
- Amount Raised: $10M
- Date: October 2020
- Lead Investors: Portage Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance the platform's infrastructure.
- Series B
- Amount Raised: $50M
- Date: August 2021
- Lead Investors: Tribe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new international markets.
- Series C
- Amount Raised: Not publicly disclosed
- Date: February 2022
- Lead Investors: Unbound
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the product suite and enhance market presence.
- Convertible Note
- Amount Raised: $15M
- Date: October 2023
- Lead Investors: SBI Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate expansion in Asia and launch new products in the U.S. market.
Total Amount Raised: $86.8M
Current Valuation: Not publicly disclosed
Key Investors
- SBI Group
- Details: SBI Group is a Japanese financial services company with a strong presence in venture capital and private equity. They recently invested $15 million in Alpaca through a convertible note.
- Investment Focus Areas: Financial services, fintech, blockchain.
- Notable Investments: Ripple, R3, various fintech companies.
- Unbound
- Details: Unbound is a venture capital firm that invests in technology companies with innovative solutions. They have been a key investor in Alpaca's Series C round.
- Investment Focus Areas: Technology companies, innovative solutions.
- Notable Investments: Byju's, Unacademy, other tech startups.
- Tribe Capital
- Details: Tribe Capital is a venture capital firm that uses data science to identify and invest in promising startups. They led Alpaca's Series B round with a $50 million investment.
- Investment Focus Areas: Data-driven startups, technology, innovation.
- Notable Investments: Slack, Carta, other data-driven companies.
- Portage Ventures
- Details: Portage Ventures is a venture capital firm that focuses on financial technology companies. They were a lead investor in Alpaca's Series A round.
- Investment Focus Areas: Financial technology, related sectors.
- Notable Investments: Wealthsimple, Koho, other fintech startups.
- Spark Capital
- Details: Spark Capital is a venture capital firm that invests in startups across various stages and sectors. They led Alpaca's Series A round with a $6 million investment.
- Investment Focus Areas: Technology, media, entertainment.
- Notable Investments: Twitter, Oculus, other tech companies.
What's Next for Alpaca?
Alpaca's future looks promising with significant opportunities on the horizon. The company is poised to expand its presence in Asia, particularly Southeast Asia, leveraging its recent $15 million investment from SBI Group. This strategic move will enable Alpaca to serve a growing user base and introduce new financial products in the U.S. market, such as options, bonds, and individual retirement accounts.
Future fundraising opportunities are likely as Alpaca continues to innovate and expand. The company may attract additional strategic investments, especially from financial institutions in Asia. However, Alpaca will need to navigate challenges such as competition from other fintech firms and regulatory hurdles in different markets. Despite these obstacles, Alpaca's growth trajectory remains strong, supported by industry trends favoring API-based brokerage services and the recovery of the crypto market.
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