Alpaca Raises $50 Million in Series B  

by Kay Aloha Villamor in January 3rd, 2022

Alpaca, a San Mateo, California-based company that offers equities trading software via API, raised a $50 million Series B round.

The round was led by Tribe Capital, with participation from existing investors Spark Capital, Portage Ventures, Social Leverage, and new investors including Horizons Ventures.

Since its product launch in 2018, Alpaca has continued to accelerate worldwide growth and adoption of its developer APIs and is now expanding into cryptocurrency.

Company: AlpacaDB, Inc.

Raised: $50.0M

Round: Series B

Funding Month: August 2021

Lead Investors: Tribe Capital

Additional Investors: Spark Capital, Portage Ventures, Social Leverage, and Horizons Ventures

Company Website: https://alpaca.markets/

Software Category: equities trading software

About the Company: Alpaca is an API-first stock brokerage platform that enables developers to build apps and trading algorithms. The company’s platform powers fintech businesses globally to launch commission-free stock investing apps. Alpaca is backed by some of the top investors in the industry globally including Spark Capital, Portage Ventures, Social Leverage, Tribe Capital, Horizons Ventures, Eldridge, Positive Sum, Elefund, and Y Combinator.­ Securities are offered by Alpaca Securities LLC. Crypto services are offered by Alpaca Crypto LLC.

Source: https://techcrunch.com/2021/08/30/alpaca-raises-50m-to-rapidly-scale-its-equities-trading-api-business/

 

 


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