
US Broker-Dealer Alpaca Raises $150 Million, Valued at $1.15 Billion
Alpaca closed a $150 million Series D round, pushing the brokerage infrastructure provider to a $1.15 billion valuation. Drive Capital led the deal, and Co‑Founder and Partner Chris Olsen will take a seat on Alpaca’s board. The company also arranged a $40 million line of credit to bolster its balance sheet as it scales. The firm operates as a brokerage infrastructure provider, offering APIs and self‑clearing custody that support stocks, ETFs, options, crypto and fixed income products. Alpaca says it now works with more than 300 organizations in over 40 countries and supports millions of brokerage accounts at financial institutions…
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