Funding round
Alpaca Growth
Reported as "Growth Equity"
Alpaca, which works in brokerage infrastructure API development in San Mateo, raised $135M in a Growth round announced on 16 Jul 2026, led by Peak XV. 4 firms took part. It is Alpaca's fifth venture round on record; the one before was a Series D in Jan 2026.
$135M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Alpaca did not disclose a valuation in this round; its last disclosed one was $1.15B at the Series D (Jan 2026). It came 6 months after Alpaca's Series D. It is 35% of the $390M Alpaca has raised in the venture rounds on record. No later venture round is on record for Alpaca.
Alpaca's funding rounds
Alpaca has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 24 Oct 2018 $3.0M
- Series B 30 Aug 2021, led by Tribe Capital $50M
- Series C 23 Apr 2025, led by Deraya Financial, 850 Management and National Investments Company (NIC) $52M
- Debt not a venture round 14 Jan 2026 $40M
- Series D 14 Jan 2026, led by Drive Capital $150M$1.15B post-money
- Growth this round 16 Jul 2026, led by Peak XV $135M
Investors
Who put money in
Peak XV led the round with 3 other firms.
Lead investor
- Peak XV new investor
Also in the round
- backs 21 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- backs 13 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
7 Growth rounds in Financial Services within a year either side disclosed an amount; the median was $150M, and this round was close to the median. The closest in time, other companies' Growth rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Financial Services | 27 Aug 2026 | $74M | not disclosed | Bain Capital Tech Opportunities |
| Financial Services | 30 Jun 2026 | $49M | not disclosed | not named |
| Texas Stock Exchange Financial Services | 30 Sep 2026 | $430M | not disclosed | not named |
| ProducePay Financial Services | 1 Sep 2026 | $140M | not disclosed | Avenue Capital Group and Astanor |
| Ualá Financial Services | 4 Mar 2026 | $195M | $3.20B | Allianz X |
| Financial Services | 15 Jan 2026 | $150M | not disclosed | not named |
| Trade Republic Financial Services | 22 Dec 2025 | $1.40B | $14.70B | Founders Fund |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Alpaca raise in its Growth round?
Alpaca raised $135M in its Growth round, announced in Jul 2026.
Who led Alpaca's Growth round?
Peak XV led it, with Elefund, Opera Tech Ventures and Unbound.
What was Alpaca's valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.15B at the Series D (Jan 2026).
How does it compare with other Growth rounds in Financial Services?
7 Growth rounds in Financial Services within a year either side disclosed an amount; the median was $150M, and this round was close to the median.