Alpaca Raises $135 Million to Scale Agent-First Brokerage Infrastructure for Tokenized Markets and AI-Native Financial Services
Alpaca, a global leader in agent-first brokerage infrastructure, today announced a $135 million raise led by Peak XV, with major participation from Elefund. Additional new and returning investors included Opera Tech Ventures, the venture capital arm of BNP Paribas Group, and Unbound. The new financing totals $435 million, inclusive of debt financing primarily from Payward, the parent company of global digital asset platform Kraken, and BMO.
The financing builds on significant business growth as tokenization and AI reshape the industry, following Alpaca’s $150 million Series D announced in January 2026, which valued the company at $1.15 billion:
Acquired an IFSCA-regulated broker-dealer and payment service provider in GIFT City, establishing Alpaca’s regulated presence in India.
Acquired UK and European regulated entities and completed passporting in all 30 EEA countries.
