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Financial Technology Infrastructure Alpaca Completes $150 Million Financing, Led by Drive Capital
Summary: According to reports, financial technology infrastructure provider Alpaca has announced the completion of a $150 million Series D financing round, valuing the company at $1.15 billion. Drive Capital led this round of financing, with participation from Citadel Securities, cryptocurrency exchange Kraken, and the venture capital arm of BNP Paribas. As part of the financing, Alpaca ...
According to reports, financial technology infrastructure provider Alpaca has announced the completion of a $150 million Series D financing round, valuing the company at $1.15 billion. Drive Capital led this round of financing, with participation from Citadel Securities, cryptocurrency exchange Kraken, and the venture capital arm of BNP Paribas. As part of the financing, Alpaca also secured a $40 million credit line. The software created by Alpaca enables companies to more easily offer trading services for stocks, ETFs, cryptocurrencies, and other financial instruments. The company's co-founder and CEO, Yoshi Yokokawa, stated that as the boundaries between traditional finance and crypto blur, platforms are integrating services, and Alpaca's annual recurring revenue has exceeded $100 million.
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Link: Financial Technology Infrastructure Alpaca Completes $150 Million Financing, Led by Drive Capital [Copy]
