• US-headquartered Alpaca raised USD 150M in a Series D round led by Drive Capital to scale brokerage infrastructure globally.
• Middle East participation included Bank Muscat and Derayah Financial, alongside investors like Citadel Securities, Kraken, MUFG, and Endeavor Catalyst.
• Founded in 2015, Alpaca plans to expand asset offerings, secure new licenses, and strengthen institutional trading and cybersecurity capabilities.

Alpaca

US-headquartered Alpaca raised USD 150 million in a Series D funding round led by Drive Capital.

The round also included Middle East participation from Bank Muscat and Derayah Financial. It also saw participation of global backers such as Citadel Securities and Opera Tech Ventures (BNP Paribas’ VC arm). Additionally, MUFG Innovation Partners, DRW Venture Capital, Kraken, and Endeavor Catalyst also participated in the round. The round also included Flat Capital (chaired by Klarna CEO Sebastian Siemiatkowski) and angel participation from Revolut CTO Vlad Yatsenko.

“We’re proud to contribute to Saudi Vision 2030 by building the global standard for brokerage infrastructure, including infrastructure that enables Shariah-compliant investing, empowering partners to build financial services that align with Islamic law. This raise gives us the fuel we need to continue delivering infrastructure that serves our global enterprise partners and active traders,” said Yoshi Yokokawa, Co-Founder and CEO of Alpaca.

Brokerage Infrastructure

Founded in 2015 by Yoshi Yokokawa and Hitoshi Harada, Alpaca is an API infrastructure and licensed financial services company. It provides access to stocks, ETFs, options, and fixed income

Looking forward, with the funding, it intends to deploy the proceeds to further strengthen its global investment infrastructure. It also seeks to expand and enhance its 

existing asset offerings as well as establish local market presence. Additionally, it aims to secure regulatory licenses in key jurisdictions and advance institutional-grade trading capabilities. It also seeks to bridge traditional and on-chain financial ecosystems and to reinforce cybersecurity and platform resilience. With these initiatives, it aims to reinforce its role in the ongoing modernization of global capital markets.