Alpaca Secures $150 Million Series D Funding at $1.15 Billion Valuation
Alpaca, founded by Japanese entrepreneurs, strengthens its API-based trading infrastructure business with $150 million in Series D funding and expanded credit resources.
Fact Check
The statement is overwhelmingly supported by multiple, high-authority primary and secondary sources. The company, Alpaca, directly confirmed the information via its official blog and a statement from its CEO. This primary evidence is corroborated by numerous reputable financial and technology news outlets, including Fortune, Agence France-Presse (AFP), The Block, and FinTech Global, all of which explicitly report the $150 million Series D funding round and the $1.15 billion valuation. There are no contradictions in the provided evidence. While one source only confirms the funding amount and not the valuation, this is an omission rather than a contradiction. Another source is entirely irrelevant. The consistency and high credibility of the sources make it extremely likely that the statement is true.
Summary
Alpaca, an API-based trading infrastructure provider founded by Japanese entrepreneurs, officially announced raising $150 million in Series D funding at a $1.15 billion valuation. Drive Capital led the round, joined by Citadel Securities, Kraken, and BNP Paribas Ventures. The company also obtained a $40 million credit line to support expansion and operations. Alpaca reported annual recurring revenue exceeding $100 million, reflecting strong performance and growth momentum.
Terms & Concepts
- Series D Funding: A late-stage investment round aimed at scaling operations, entering new markets, or preparing for an IPO.
- Annual Recurring Revenue (ARR): A metric showing predictable yearly income from subscriptions or contracts.
- Credit Line: A flexible loan agreement that allows borrowing up to a specified limit as needed.