Alpaca raises $150m Series D at $1.15bn valuation
Drive Capital leads Alpaca’s Series D and joins its board; a separate $40m credit line supports the company’s global expansion.
Board representation and a larger global footprint
Alpaca announced a $150 million Series D on January 14, 2026, valuing the company at $1.15 billion. Drive Capital led the round, and co-founder Chris Olsen joined Alpaca’s board. The company also secured a separate $40 million credit line.
The syndicate included Citadel Securities, Opera Tech Ventures, MUFG Innovation Partners, Flat Capital, DRW Venture Capital, Kraken and other new and returning investors.
The capital supports local market presence, regulatory licenses, institutional trading capabilities and platform resilience. Alpaca reported more than 300 partner organizations in over 40 countries at the announcement, following product and clearing-network expansion during 2025.