What is Alpaca Securities?
Headquartered in the United States, Alpaca Securities operates as a self-clearing broker-dealer, providing a robust suite of brokerage infrastructure APIs. The company enables developers and institutions to integrate sophisticated trading capabilities—including stocks, ETFs, options, fixed income, and cryptocurrency—directly into their own platforms. By offering a comprehensive ecosystem that supports tokenization, fully paid securities lending, and high-yield cash management, Alpaca has effectively lowered the barrier to entry for firms looking to launch or enhance their financial service offerings. Its market position is defined by its technical agility and regulatory compliance, allowing it to power brokerage accounts across multiple jurisdictions with high-performance, scalable technology.
How much funding has Alpaca Securities raised?
Alpaca Securities has raised a total of $758M across 9 funding rounds:
Seed
$6M
Series A
$10M
Series B
$50M
Debt
$15M
Series C
$52M
Multiple Rounds
$625M
Seed (2019): $6M, investors not publicly disclosed
Series A (2020): $10M led by Spark Capital, Fathom Capital, Portag3 Ventures, Social Leverage LLC, and Abstract Ventures
Series B (2021): $50M supported by Portage Venture Partners, Social Leverage, Tribe Capital Growth Corp I, Horizons Ventures, and Spark Capital
Debt (2023): $15M featuring SBI Group International
Series C (2025): $52M backed by Derayah Financial, National Investments Company KSCC, 850 Local Association Management, and Unbound
Debt (2026): $40M, investors not publicly disclosed
Series D (2026): $150M led by Flat Capital, Portage Ventures, Citadel Securities, Opera Tech Ventures, DRW Holdings, Drive Capital, Horizons Ventures, Altered Capital, Endeavor Global, Derayah Financial, Kraken, MUFG, Bank Muscat, Diagram, and Social Leverage Acquisition Corp I
Debt (2026): $300M supported by Payward and BMO
Unspecified (2026): $135M featuring Elefund Capital, Opera Tech Ventures, and Peak XV Partners
Key Investors in Alpaca Securities
Citadel Securities
A next-generation capital markets firm that deploys advanced analytics and trading expertise to provide critical liquidity to financial institutions and central banks globally.
BMO
A diversified financial services provider offering comprehensive banking, wealth management, and capital market solutions to institutional and retail clients across North America.
Payward
The parent entity of Kraken, a leading global cryptocurrency exchange that provides digital asset trading, staking, and financial infrastructure services to users in over 190 countries.
What's next for Alpaca Securities?
With the recent influx of capital, Alpaca Securities is poised to accelerate its global expansion and deepen its product suite. The strategic focus will likely center on enhancing its institutional-grade infrastructure to support more complex asset classes and cross-border trading requirements. As the demand for embedded finance continues to rise, Alpaca is well-positioned to leverage its existing network and technological foundation to capture additional market share. The company's roadmap suggests a continued commitment to innovation in 24/5 trading and Shariah-compliant investing, ensuring it remains at the forefront of the digital transformation of global capital markets.
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