Alpaca Completes $52 Million Series C Financing to Support Global Expansion and Strengthen Category Leadership

Alpaca, a platform that provides broker-dealers and brokerage infrastructure APIs with self-clearing, today announced the closing of $52 million in Series C funding from its new office in Manhattan, New York. This important milestone will further accelerate Alpaca's global expansion and the development of its industry-leading products.

The round attracted participation from new and existing investors including Derayah Financial, 850 Management, National Investments Company (NIC), Unbound, and Portage Ventures. The participation of existing investors demonstrates their continued confidence in Alpaca's vision and execution.

With this round of financing, Alpaca is setting its sights on continued global expansion, serving enterprise institutions and fintech companies in key regions such as the United States, the Middle East, and Asia. Previously, Alpaca has more than 200 global partners from more than 40 countries, all of which have been supported by Alpaca's institutional-grade API and self-clearing custody services, and currently provide active support for more than 5 million brokerage accounts. This financing will further enrich Alpaca's global business.

The company remains committed to creating the world's de facto standardized investment infrastructure. Alpaca currently provides global investment access to stocks, ETFs, options, cryptocurrencies, and fixed income, and plans to launch 24/5 trading services driven by the company's vision and the growing demand of global investors for continued access to financial markets. According to the Federal Reserve, as of the fourth quarter of 2024, overseas investors held $16.5 trillion in US stocks, accounting for 18%, a record high. In addition, plans to launch fully paid securities lending are also about to be launched.

2024 was a milestone year for Alpaca, with the launch of key products such as US options trading, instant funding support, FIX API, and high-yield cash and IRA accounts. They also made several enhancements to existing products, including local currency trading API, fractional stock trading, and physical account opening. With the announcement of the Series C financing, Alpaca will continue to build on its strong API infrastructure and accelerate product development in various regions and asset classes around the world.

"We have always been committed to making opportunity accessible to everyone on the planet. This new chapter allows us to expand our business globally and provide our partners and clients with the tools and infrastructure they need to thrive in modern financial markets," said Yoshi Yokokawa, Co-Founder and CEO of Alpaca. "This round of funding is a testament to the hard work and dedication of our team, and the strong partnerships we have built. We are excited to embark on the next phase of growth and provide more value to our clients around the world."

About Alpaca

Alpaca is a US-based self-clearing broker-dealer and brokerage infrastructure company covering equities, ETFs, options, and cryptocurrencies, which has raised over $170 million in funding. Alpaca's investors include Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator.