Overview
- Drive Capital led the Series D, and co-founder Chris Olsen is joining Alpaca’s board.
- The company also secured a $40 million line of credit to support expansion.
- Management says proceeds will go toward expanding infrastructure, securing licenses in key markets, and advancing tokenization to connect TradFi with on-chain rails.
- Alpaca reports partnerships with more than 300 organizations across 40-plus countries and says annual recurring revenue exceeds $100 million.
- The API-first platform offers self-clearing custody for stocks, ETFs, options, crypto, and fixed income, has memberships with OCC, FICC and Nasdaq, and reports powering most tokenized U.S. equities and ETFs.