United States · Funded startup

Who invested in Alpaca

9 rounds we have observed, with the 41 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Developer ToolsFintechWeb3 & Crypto

Raised 4 months agoValuation: $1.1B, Mar 2026Y Combinator: W19

Funding summaryUpdated 5 Nov 2026

$513Mraised across 9 rounds since 2014, from 10 sources

$150MSeries D$300MDebt
Latest round
Debt, $300MJul 2026
Step-upi
272.7×
Investors
41 (3 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2014201620182020202220242026
$49KSeed$196KDebt$1.0MSeed$3.0MSeries A$6.0MRound$52MSeries C$150MSeries D$300MDebt
First round
Seed, $49K
Feb 2014
Biggest round
$300M
Debt · Jul 2026
Usual gap between rounds
12 months
the median of 7

The rounds

  1. Jul 2026
  2. Feb 2026
    Seed$1.1M1 new

    Source recordedSEC filing: $1.1M sold, first sale Jan 2026

  3. Jan 2026
  4. Apr 2025
    Series C$52M5 new

    Reported by TechCrunchSEC filing: $125K sold, first sale Jan 2025

  5. Nov 2019
    Round$6.0M1 new

    Reported by TechCrunch

  6. Oct 2018
    Series A$3.0M7 new

    Reported by FinSMEs

  7. Oct 2015
    Seed$1.0M5 new

    From a historical funding record

  8. Aug 2014
    Debt$196K1 new

    From a historical funding record

  9. Feb 2014
    Seed$49K2 new

    From a historical funding record

Funding filed with regulators

Alpaca filed 3 raises, $3.7M in all. Filings say how much was sold and to how many investors; they never name the investors.

  1. Feb 2026$1.1M4 investorsSEC Form D
  2. Jun 2024$1.0M18 investorsequityof $2.0M offeredSEC Form D
  3. May 2022$1.5M16 investorsequity, debtSEC Form D

Founders and team

From Alpaca's own website: 2 founders.

Yoshi YokokawaCo-Founder & CEO
Hitoshi HaradaCo-Founder & CPO

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

UnboundPrivate equity2rounds
Derayah FinancialWealth manager2rounds
Spark CapitalVC firm1round, led 1
Drive CapitalVC firm1round, led 1
DiagramVenture studio1round, led 1
Y CombinatorAccelerator1round
Alumni VenturesVC firm1round
SMBC Venture CapitalInvestment bank1round
Endeavor CatalystCorporate VC1round
Peak XVVC firm1round
Japan Finance CorporationInvestment firm1round
Horizons VenturesVC firm1round
Invest NebraskaGovernment1round
ArchetypeVC firm1round
Social LeverageVC firm1round
Portage VenturesVC firm1round
DRW Venture CapitalVC firm1round
Citadel SecuritiesGrowth equity1round
MUFG Innovation PartnersCorporate VC1round
Altered CapitalVC firm1round
KrakenCorporate VC1round
PortageVC firm1round
Eric Di BenedettoVC firm1round
Berkeley Angel NetworkAngel network1round
Shinji KimuraVC firm1round
D4VVC firm1round
MOVIDA JAPANAccelerator1round
850 ManagementGrowth equity1round
Bank MuscatGrowth equity1round
Flat CapitalVC firm1round
Genuine StartupsVC firm1round
Architype Venturesno record of our own yet1round
Bip Systemsno record of our own yet1round
Chihiro Asanono record of our own yet1round
Joshua S. Levineno record of our own yet1round
NEC Capital Solutionno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 9 firms list Alpaca as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Abstract VenturesVC firmPer its own site
Tribe CapitalVC firmPer its own site
Positive SumPrivate equityPer its own site
Diagram VenturesVC firmPer its own site
MRTNZ VenturesAngelPer its own site
Breakpoint CapitalPrivate equityPer its own site
Gambit VenturesVC firmPer its own site
Scala VenturesVC firmPer its own site
X&VC firmPer its own site

Quick answers about Alpaca

Who invested in Alpaca?

Alpaca's investors include Unbound, Derayah Financial, Spark Capital, Drive Capital and Diagram, and 36 more on record.

How much has Alpaca raised?

Alpaca has raised $513M across 9 rounds since 2014.

When did Alpaca last raise?

Alpaca's most recent round was a Debt of $300M in Jul 2026.

What was Alpaca's biggest round?

Its most recent round, $300M in Jul 2026, is also its largest on record.

Who backed Alpaca first?

Alpaca's first round on record, in Feb 2014, was backed by MOVIDA JAPAN and Genuine Startups.

What stage is Alpaca at?

Alpaca's latest named round is a Debt, in Jul 2026.

Where is Alpaca based?

Alpaca is based in the United States.

Who led Alpaca's rounds?

Spark Capital led the Undisclosed round in 2019; Drive Capital led the Series D in 2026.

Companies like Alpaca

In the same sector, and raised in the last eighteen months.

Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.