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Alpaca valuation, funding and investors

alpaca.markets ↗LinkedIn ↗

Alpaca works in brokerage infrastructure API development, based in San Mateo, United States. Founded in 2015, it has about 509 employees.

Financial Services Growth Equity
VALUATION · TODAY
$1.51B +7% after Growth
Range $1.04B – $2.30B · Grade B
TODAY
+12 MO
$500M
$1.00B
$1.50B
$2.00B
$2.50B
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Series A $3.00M
Series B $50.0M
Series C $52.0M
Series D $150M
Growth $135M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY509 employees
+38%6m growth
+58%1y growth
+142%2y growth
200
400
600
Data from Jan 2023
TODAY
Predicted in 1 yr $1.62B +7% vs today
Predicted next raise $146M if a round comes
Winding-down probability 0%
Last round
Growth · $135M · Jul 2026
Valuation at last round
$1.47B · implied
Headcount
509 · growing
Grade
B
Founded
2015
How VCMC values companies →

Alpaca valuation today

VCMC values Alpaca at $1.5B today, with a range of $1.0B to $2.3B and a grade of B. The valuation starts from its last funding round, a growth round in Jul 2026.

Valuation by date (148 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Alpaca: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2015$6.67M$2.43M – $18.3M$6.98M (+5%)before first round–unknownD0%
1 Feb 2015$6.69M$2.44M – $18.4M$7.01M (+5%)before first round–unknownD0%
1 Mar 2015$6.72M$2.44M – $18.4M$7.04M (+5%)before first round–unknownD0%
1 Apr 2015$6.74M$2.45M – $18.5M$7.07M (+5%)before first round–unknownD0%
1 May 2015$6.77M$2.46M – $18.6M$7.09M (+5%)before first round–unknownD0%
1 Jun 2015$6.80M$2.47M – $18.7M$7.12M (+5%)before first round–unknownD0%
1 Jul 2015$6.82M$2.48M – $18.7M$7.15M (+5%)before first round–unknownD0%
1 Aug 2015$6.85M$2.49M – $18.8M$7.33M (+7%)before first round–unknownD0%
1 Sep 2015$6.88M$2.50M – $18.9M$7.53M (+10%)before first round–unknownD0%
1 Oct 2015$6.90M$2.51M – $19.0M$7.73M (+12%)before first round–unknownD0%
1 Nov 2015$6.93M$2.52M – $19.0M$7.94M (+15%)before first round–unknownD0%
1 Dec 2015$6.96M$2.53M – $19.1M$8.15M (+17%)before first round–unknownD0%
1 Jan 2016$6.98M$2.54M – $19.2M$8.37M (+20%)before first round–unknownD0%
1 Feb 2016$7.01M$2.55M – $19.3M$8.60M (+23%)before first round–unknownD0%
1 Mar 2016$7.04M$2.56M – $19.3M$8.82M (+25%)before first round–unknownD0%
1 Apr 2016$7.07M$2.57M – $19.4M$9.06M (+28%)before first round–unknownD0%
1 May 2016$7.09M$2.58M – $19.5M$9.29M (+31%)before first round–unknownD0%
1 Jun 2016$7.12M$2.59M – $19.6M$9.55M (+34%)before first round–unknownD0%
1 Jul 2016$7.15M$2.60M – $19.6M$9.80M (+37%)before first round–unknownD0%
1 Aug 2016$7.34M$2.67M – $20.2M$10.1M (+37%)before first round–unknownD0%
1 Sep 2016$7.54M$2.74M – $20.7M$10.3M (+37%)before first round–unknownD0%
1 Oct 2016$7.74M$2.82M – $21.3M$10.6M (+37%)before first round–unknownD0%
1 Nov 2016$7.95M$2.89M – $21.8M$10.9M (+37%)before first round–unknownD0%
1 Dec 2016$8.16M$2.97M – $22.4M$11.2M (+37%)before first round–unknownD0%
1 Jan 2017$8.37M$3.05M – $23.0M$11.5M (+37%)before first round–unknownD0%
1 Feb 2017$8.60M$3.13M – $23.6M$11.8M (+37%)before first round–unknownD0%
1 Mar 2017$8.81M$3.21M – $24.2M$12.1M (+37%)before first round–unknownD0%
1 Apr 2017$9.05M$3.29M – $24.9M$12.4M (+37%)before first round–unknownD0%
1 May 2017$9.29M$3.38M – $25.5M$12.7M (+37%)before first round–unknownD0%
1 Jun 2017$9.54M$3.47M – $26.2M$13.1M (+37%)before first round–unknownD0%
1 Jul 2017$9.79M$3.56M – $26.9M$13.4M (+37%)before first round–unknownD0%
1 Aug 2017$10.1M$3.66M – $27.6M$13.8M (+37%)before first round–unknownD0%
1 Sep 2017$10.3M$3.76M – $28.4M$14.2M (+37%)before first round–unknownD0%
1 Oct 2017$10.6M$3.86M – $29.1M$14.5M (+37%)before first round–unknownD0%
1 Nov 2017$10.9M$3.96M – $29.9M$14.9M (+37%)before first round–unknownD0%
1 Dec 2017$11.2M$4.07M – $30.7M$15.3M (+37%)before first round–unknownD0%
1 Jan 2018$11.5M$4.18M – $31.5M$15.7M (+37%)before first round–unknownD0%
1 Feb 2018$11.8M$4.29M – $32.4M$16.2M (+37%)before first round–unknownD0%
1 Mar 2018$12.1M$4.40M – $33.2M$16.6M (+37%)before first round–unknownD0%
1 Apr 2018$12.4M$4.52M – $34.1M$17.0M (+37%)before first round–unknownD0%
1 May 2018$12.7M$4.64M – $35.0M$17.5M (+37%)before first round–unknownD0%
1 Jun 2018$13.1M$4.76M – $35.9M$17.9M (+37%)before first round–unknownD0%
1 Jul 2018$13.4M$4.89M – $36.9M$18.4M (+37%)before first round–unknownD0%
1 Aug 2018$13.8M$5.02M – $37.9M$18.6M (+35%)before first round–unknownD0%
1 Sep 2018$14.2M$5.15M – $38.9M$18.8M (+32%)before first round–unknownD0%
1 Oct 2018$14.5M$5.29M – $39.9M$18.9M (+30%)before first round–unknownD0%
25 Oct 2018$16.7M$11.0M – $45.7M$30.0M (+80%)after a round–unknownC0%
1 Nov 2018$16.9M$11.0M – $45.7M$30.0M (+78%)after a round–unknownC0%
1 Dec 2018$17.7M$11.0M – $45.7M$30.0M (+69%)after a round–unknownC0%
1 Jan 2019$18.6M$11.0M – $45.7M$30.0M (+61%)after a round–unknownC0%
1 Feb 2019$19.6M$11.0M – $45.7M$30.0M (+53%)after a round–unknownC0%
1 Mar 2019$20.5M$11.0M – $45.7M$30.0M (+46%)after a round–unknownC0%
1 Apr 2019$21.5M$11.0M – $45.7M$30.0M (+39%)after a round–unknownC0%
1 May 2019$22.6M$11.0M – $45.7M$30.0M (+33%)after a round–unknownC0%
1 Jun 2019$23.7M$11.0M – $45.7M$30.0M (+26%)after a round–unknownC0%
1 Jul 2019$24.9M$11.0M – $45.7M$30.0M (+20%)after a round–unknownC0%
1 Aug 2019$26.2M$11.0M – $45.7M$30.0M (+15%)after a round–unknownC0%
1 Sep 2019$27.5M$11.0M – $45.7M$30.0M (+9%)after a round–unknownC0%
1 Oct 2019$28.9M$11.0M – $45.7M$30.0M (+4%)after a round–unknownC0%
1 Nov 2019$30.0M$10.8M – $45.7M$30.0M (0%)after a round–unknownC0%
1 Dec 2019$30.0M$10.3M – $45.7M$30.0M (0%)after a round–unknownC0%
1 Jan 2020$30.0M$9.78M – $45.7M$30.0M (0%)after a round–unknownC0%
1 Feb 2020$30.0M$9.30M – $45.7M$30.0M (0%)after a round–unknownC0%
1 Mar 2020$30.0M$8.86M – $45.7M$30.0M (0%)after a round–unknownC0%
1 Apr 2020$30.0M$8.42M – $45.7M$30.0M (0%)after a round–unknownC0%
1 May 2020$30.0M$8.02M – $45.7M$30.0M (0%)after a round–unknownC0%
1 Jun 2020$30.0M$7.62M – $45.7M$30.0M (0%)after a round–unknownC0%
1 Jul 2020$30.0M$7.25M – $45.7M$30.0M (0%)after a round–unknownC0%
1 Aug 2020$30.0M$6.89M – $45.7M$30.0M (0%)after a round–unknownC0%
1 Sep 2020$30.0M$6.55M – $45.7M$30.0M (0%)after a round–unknownC0%
1 Oct 2020$30.0M$6.24M – $45.7M$30.0M (0%)after a round–unknownC0%
1 Nov 2020$30.0M$5.93M – $45.7M$30.0M (0%)after a round–unknownD0%
1 Dec 2020$30.0M$5.64M – $45.7M$30.0M (0%)after a round–unknownD0%
1 Jan 2021$30.0M$5.36M – $45.7M$30.0M (0%)after a round–unknownD0%
1 Feb 2021$30.0M$5.10M – $45.7M$30.0M (0%)after a round–unknownD0%
1 Mar 2021$30.0M$4.87M – $45.7M$30.0M (0%)after a round–unknownD0%
1 Apr 2021$30.0M$4.62M – $45.7M$30.0M (0%)after a round–unknownD0%
1 May 2021$30.0M$4.40M – $45.7M$30.0M (0%)after a round–unknownD0%
1 Jun 2021$30.0M$4.18M – $45.7M$30.0M (0%)after a round–unknownD0%
1 Jul 2021$30.0M$3.98M – $45.7M$30.0M (0%)after a round–unknownD0%
1 Aug 2021$30.0M$3.78M – $45.7M$30.0M (0%)after a round–unknownD0%
31 Aug 2021$336M$237M – $715M$504M (+50%)after a round–unknownB0%
1 Sep 2021$336M$237M – $715M$504M (+50%)after a round–unknownB0%
1 Oct 2021$348M$237M – $715M$504M (+45%)after a round–unknownB0%
1 Nov 2021$360M$237M – $715M$504M (+40%)after a round–unknownB0%
1 Dec 2021$372M$237M – $715M$504M (+35%)after a round–unknownB0%
1 Jan 2022$385M$237M – $715M$504M (+31%)after a round–unknownB0%
1 Feb 2022$399M$237M – $715M$504M (+26%)after a round–unknownB0%
1 Mar 2022$411M$237M – $715M$504M (+22%)after a round–unknownB0%
1 Apr 2022$426M$237M – $715M$504M (+18%)after a round–unknownB0%
1 May 2022$440M$237M – $715M$504M (+14%)after a round–unknownB0%
1 Jun 2022$456M$237M – $715M$504M (+11%)after a round–unknownB0%
1 Jul 2022$471M$237M – $715M$504M (+7%)after a round–unknownB0%
1 Aug 2022$487M$237M – $715M$504M (+3%)after a round–unknownB0%
1 Sep 2022$504M$236M – $715M$504M (0%)after a round–unknownB0%
1 Oct 2022$504M$226M – $715M$504M (0%)after a round–unknownB0%
1 Nov 2022$504M$216M – $715M$504M (0%)after a round–unknownB0%
1 Dec 2022$504M$207M – $715M$504M (0%)after a round–unknownC0%
1 Jan 2023$504M$198M – $715M$504M (0%)after a round180unknownC0%
1 Feb 2023$504M$190M – $715M$504M (0%)after a round180unknownC0%
1 Mar 2023$504M$182M – $715M$504M (0%)after a round180unknownC0%
1 Apr 2023$504M$174M – $715M$504M (0%)after a round180unknownC0%
1 May 2023$504M$167M – $715M$504M (0%)after a round180unknownC0%
1 Jun 2023$504M$160M – $715M$504M (0%)after a round180unknownC0%
1 Jul 2023$504M$153M – $715M$504M (0%)after a round180unknownC0%
1 Aug 2023$504M$147M – $715M$504M (0%)after a round180unknownC0%
1 Sep 2023$504M$130M – $715M$504M (0%)after a round180unknownC0%
1 Oct 2023$504M$123M – $715M$500M (-1%)after a round190flatC0%
1 Nov 2023$504M$117M – $715M$497M (-1%)after a round190flatC0%
1 Dec 2023$504M$112M – $715M$493M (-2%)after a round190flatC0%
1 Jan 2024$504M$106M – $715M$490M (-3%)after a round190flatC0%
1 Feb 2024$504M$101M – $715M$486M (-3%)after a round190flatC0%
1 Mar 2024$504M$96.0M – $715M$484M (-4%)after a round190flatD0%
1 Apr 2024$504M$91.3M – $715M$480M (-5%)after a round190flatD0%
1 May 2024$504M$86.9M – $715M$477M (-5%)after a round190flatD0%
1 Jun 2024$504M$82.6M – $715M$474M (-6%)after a round190flatD0%
1 Jul 2024$504M$78.6M – $715M$471M (-7%)after a round190flatD0%
1 Aug 2024$504M$153M – $715M$474M (-6%)after a round210upC0%
1 Sep 2024$503M$103M – $715M$471M (-6%)after a round210upC0%
1 Oct 2024$501M$98.8M – $710M$468M (-6%)after a round210upC0%
1 Nov 2024$501M$95.0M – $712M$489M (-2%)after a round240upD0%
1 Dec 2024$500M$91.4M – $710M$488M (-2%)after a round240upD0%
1 Jan 2025$499M$87.9M – $709M$487M (-2%)after a round240upD0%
1 Feb 2025$498M$84.5M – $707M$486M (-2%)after a round240upD0%
1 Mar 2025$497M$81.6M – $706M$485M (-2%)after a round240upD0%
1 Apr 2025$496M$78.5M – $704M$484M (-2%)after a round240upD0%
24 Apr 2025$473M$311M – $935M$615M (+30%)after a round240upB0%
1 May 2025$475M$311M – $935M$615M (+29%)after a round240upB0%
1 Jun 2025$486M$311M – $935M$615M (+26%)after a round240upB0%
1 Jul 2025$497M$311M – $935M$615M (+24%)after a round310growingB0%
1 Aug 2025$509M$312M – $939M$617M (+21%)after a round316growingB0%
1 Sep 2025$520M$312M – $939M$617M (+19%)after a round316growingB0%
1 Oct 2025$533M$313M – $944M$620M (+16%)after a round323growingB0%
1 Nov 2025$545M$313M – $944M$620M (+14%)after a round323growingB0%
1 Dec 2025$558M$313M – $944M$620M (+11%)after a round323growingB0%
1 Jan 2026$570M$313M – $944M$620M (+9%)after a round323growingB0%
15 Jan 2026$1.2B$1.0B – $1.7B$1.5B (+30%)after a round323growingA0%
1 Feb 2026$1.2B$1.0B – $1.7B$1.5B (+28%)after a round370growingA0%
1 Mar 2026$1.2B$1.0B – $1.7B$1.5B (+26%)after a round370growingA0%
1 Apr 2026$1.2B$1.0B – $1.7B$1.5B (+23%)after a round370growingA0%
1 May 2026$1.3B$1.0B – $1.8B$1.6B (+24%)after a round441growingA0%
1 Jun 2026$1.3B$1.0B – $1.8B$1.6B (+21%)after a round441growingA0%
1 Jul 2026$1.3B$1.0B – $1.8B$1.6B (+18%)after a round441growingA0%
17 Jul 2026$1.5B$1.0B – $2.3B$1.6B (+10%)after a round441growingB0%
1 Aug 2026$1.5B$1.0B – $2.3B$1.6B (+10%)after a round441growingB0%
1 Sep 2026$1.5B$1.0B – $2.3B$1.6B (+9%)after a round441growingB0%
1 Oct 2026$1.5B$1.0B – $2.3B$1.6B (+8%)after a round509growingB0%
24 Oct 2026$1.5B$1.0B – $2.3B$1.6B (+7%)after a round509growingB0%

Key facts about Alpaca

Founded
2015
Headquarters
San Mateo, United States
Employees
about 509 +58% in a year
Total raised
$430M
Funding rounds
6
Last round
Growth Equity Jul 2026

Alpaca was founded in 2015 by Hitoshi Harada and Yoshi Yokokawa.

Alpaca funding history

Alpaca has 6 funding rounds on record, from Oct 2018 to Jul 2026, $430M in total. The latest disclosed valuation is $1.15B post-money (Series D, Jan 2026).

  1. Growth Equity 16 Jul 2026

    Led by Peak XV; with Elefund, Opera Tech Ventures, Unbound.

    Sources: alpaca.markets, coindesk.com, ledgerinsights.com and 1 more

    $135M

  2. Series D 14 Jan 2026

    Led by Drive Capital; with Citadel Securities, Opera Tech Ventures, MUFG Innovation Partners, Flat Capital, DRW, Kraken, Altered Capital, X&KSK, Bank Muscat, Endeavor, Portage Ventures, Horizons Ventures, Social Leverage, Unbound, Diagram, Deraya Financial, BNP Paribas.

    Sources: pulse2.com, financialit.net, techround.co.uk and 4 more

    $150M

    $1.15B post-money

  3. Debt 14 Jan 2026no round page

    Investors not disclosed.

    Sources: alpaca.markets, financialit.net

    $40M

  4. Series C 23 Apr 2025

    Led by Deraya Financial, 850 Management, National Investments Company (NIC), Unbound, Portage Ventures.

    Sources: alpaca.markets, techcrunch.com, zillionize.com and 2 more

    $52M

  5. Series B 30 Aug 2021

    Led by Tribe Capital; with Horizons Ventures, Eldridge Industries, Positive Sum, Portage Ventures, Spark Capital, Social Leverage, Eldridge.

    Sources: alpaca.markets, techcrunch.com, zillionize.com

    $50M

  6. Series A 24 Oct 2018

    With Global Brain, Archetype.

    Sources: finsmes.com

    $3.0M

Alpaca investors

29 investors have backed Alpaca; Portage Ventures, Unbound and Deraya Financial and 5 more led at least one round.

  • 850 Management lead
  • Drive Capital lead
  • National Investments Company (NIC) lead
  • Peak XV lead
  • Bank Muscat
  • BNP Paribas
  • Citadel Securities
  • Eldridge
  • Endeavor
  • Kraken
  • MUFG Innovation Partners
  • Positive Sum
  • Spark Capital
  • X&KSK

What Alpaca does

Alpaca works in financial services, with 15 recorded offerings and customers in financial technology and financial services.

AlpacaDB, Inc. is an American financial technology company that operates as a self-clearing broker-dealer and provides brokerage infrastructure APIs for stock, options, and crypto trading. The company offers a developer API platform for embedding trading algorithms and fintech applications, supporting real-time market data and trading capabilities. Alpaca also provides securities lending, tokenization, and investment management services, and is ISO certified. Its services are available to financial institutions and fintechs in multiple countries.

Description from Veridion's company data.

Products and services

  • Brokerage Infrastructure API Development
  • Trading API Development
  • Market Data API Development
  • Automated Trading Strategy Enablement
  • AI-Driven Trading Solutions Development
  • Tokenization Network Solutions
  • Fractional and Notional Trading Enablement
  • Fractional Share Trading Enablement
  • Securities Lending Services
  • High-Yield Cash Solutions
  • Shariah-Compliant Investment Enablement
  • Self-Clearing Broker-Dealer Services
  • Regulatory-Compliant Brokerage Solutions
  • Fintech Application Development Services
  • Multi-Asset Class Trading Enablement

Markets

  • Financial Technology
  • Financial Services

Technology

  • AI-Driven Trading Solutions
  • Tokenization Networks

Certifications

  • ISO 27001:2022
  • SOC 2 Type II

Business model

  • Business-to-Business
  • Business-to-Consumer
  • Software-as-a-Service
  • Enterprise

Industry codes (NAICS)

  • 523150 Investment Banking and Securities Intermediation 70% match
  • 541511 Custom Computer Programming Services 30% match

Questions about Alpaca

What is Alpaca worth?

Valuation $1.5B (range $1.0B to $2.3B), as of 24 Oct 2026. The last disclosed valuation was $1.15B (Series D, Jan 2026).

Has Alpaca raised money?

Alpaca has 6 funding rounds on record, from Oct 2018 to Jul 2026, $430M in total. The latest disclosed valuation is $1.15B post-money (Series D, Jan 2026).

Who has invested in Alpaca?

Portage Ventures, Unbound, Deraya Financial, 850 Management, Drive Capital and National Investments Company (NIC), and 23 more. Lead investors include Portage Ventures, Unbound, Deraya Financial and 850 Management.

How many people work at Alpaca?

About 509, up 58% over the last year. Headcount grew from 180 in Jan 2023 to 509 in Sep 2026.

What does Alpaca do?

Alpaca works in financial services, with 15 recorded offerings and customers in financial technology and financial services. Its main offerings are brokerage infrastructure API development, trading API development and market data API development.

When was Alpaca founded, and where is it based?

Alpaca was founded in 2015 and is based in San Mateo, United States. It has about 509 employees, up 58% over the last year.

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