# Alpaca funding: rounds and investors > Alpaca has raised $513M across 9 rounds since 2014. Investors include Unbound, Derayah Financial and Spark Capital. Every round with its source. Source: https://millionrounds.com/company/alpaca (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # 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 Tools Fintech Web3 & Crypto Raised 4 months ago Valuation: $1.1B, Mar 2026 Y Combinator: W19 Follow Alpaca and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Falpaca) Funding summary Updated 5 Nov 2026 **$513M** raised across 9 rounds since 2014, from 10 sources **$150M** Series D **$300M** Debt - **Latest round:** Debt, $300M Jul 2026 - **Step-up i:** 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. 2014 2016 2018 2020 2022 2024 2026 **$49K** Seed **$196K** Debt **$1.0M** Seed **$3.0M** Series A **$6.0M** Round **$52M** Series C **$150M** Series D **$300M** Debt - **First round:** Seed, $49K - **Biggest round:** $300M - **Usual gap between rounds:** 12 months ## The rounds - **Jul 2026** Debt **$300M** *5 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) [Peak XV](https://millionrounds.com/fund/peak-xv) Source recorded - **Feb 2026** Seed **$1.1M** *1 new* [Invest Nebraska](https://millionrounds.com/fund/invest-nebraska) Source recorded SEC filing: $1.1M sold, first sale Jan 2026 - **Jan 2026** Series D **$150M** *14 new* *2 returning* [Drive Capital](https://millionrounds.com/fund/drive-capital) Lead [Diagram](https://millionrounds.com/fund/diagram) Lead [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) [Horizons Ventures](https://millionrounds.com/fund/horizons-ventures) [Social Leverage](https://millionrounds.com/fund/social-leverage) [DRW Venture Capital](https://millionrounds.com/fund/drw-venture-capital) [Citadel Securities](https://millionrounds.com/fund/citadel-securities) [MUFG Innovation Partners](https://millionrounds.com/fund/mufg-innovation-partners) [Altered Capital](https://millionrounds.com/fund/altered-capital) [Kraken](https://millionrounds.com/fund/kraken) [Portage](https://millionrounds.com/fund/portage) [Unbound](https://millionrounds.com/fund/unbound) [Derayah Financial](https://millionrounds.com/fund/derayah-financial) [BNP Paribas Ventures](https://millionrounds.com/fund/bnp-paribas-ventures) [Bank Muscat](https://millionrounds.com/fund/bank-muscat) [Flat Capital](https://millionrounds.com/fund/flat-capital) Reported by Diagram and 1 other SEC filing: $1.1M sold, first sale Jan 2026 - **Apr 2025** Series C **$52M** *5 new* [Portage Ventures](https://millionrounds.com/fund/portage-vc) [Unbound](https://millionrounds.com/fund/unbound) [Derayah Financial](https://millionrounds.com/fund/derayah-financial) [850 Management](https://millionrounds.com/fund/850-management) [National Investments Company Kuwait](https://millionrounds.com/fund/national-investments-company-kuwait) Reported by TechCrunch SEC filing: $125K sold, first sale Jan 2025 - **Nov 2019** Round **$6.0M** *1 new* [Spark Capital](https://millionrounds.com/fund/spark-capital) Lead Reported by TechCrunch - **Oct 2018** Series A **$3.0M** *7 new* [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) [Archetype](https://millionrounds.com/fund/archetype) [Eric Di Benedetto](https://millionrounds.com/fund/eric-di-benedetto) [Berkeley Angel Network](https://millionrounds.com/fund/berkeley-angel-network) [D4V](https://millionrounds.com/fund/d4v-design-for-ventures) Chihiro Asano Joshua S. Levine Reported by FinSMEs - **Oct 2015** Seed **$1.0M** *5 new* [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) [Shinji Kimura](https://millionrounds.com/fund/shinji-kimura) Architype Ventures Bip Systems NEC Capital Solution From a historical funding record - **Aug 2014** Debt **$196K** *1 new* [Japan Finance Corporation](https://millionrounds.com/fund/japan-finance-corporation) From a historical funding record - **Feb 2014** Seed **$49K** *2 new* [MOVIDA JAPAN](https://millionrounds.com/fund/movida-japan) [Genuine Startups](https://millionrounds.com/fund/genuine-startups) 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. - Feb 2026 **$1.1M** 4 investors SEC Form D - Jun 2024 **$1.0M** 18 investors equity of $2.0M offered SEC Form D - May 2022 **$1.5M** 16 investors equity, debt SEC Form D ## Founders and team From Alpaca's own website: 2 founders. **Yoshi Yokokawa** Co-Founder & CEO **Hitoshi Harada** Co-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. **Debt** 2014 **Seed** 2015 **Series A** 2018 **Round** 2019 **Series C** 2025 **Series D** 2026 **Seed** 2026 **Debt** 2026 [Unbound](https://millionrounds.com/fund/unbound) [Derayah Financial](https://millionrounds.com/fund/derayah-financial) [Spark Capital](https://millionrounds.com/fund/spark-capital) L [Drive Capital](https://millionrounds.com/fund/drive-capital) L [Diagram](https://millionrounds.com/fund/diagram) L [Y Combinator](https://millionrounds.com/fund/y-combinator) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) ## Everyone who backed them [Unbound](https://millionrounds.com/fund/unbound) Private equity **2** rounds [Derayah Financial](https://millionrounds.com/fund/derayah-financial) Wealth manager **2** rounds [Spark Capital](https://millionrounds.com/fund/spark-capital) VC firm **1** round, led 1 [Drive Capital](https://millionrounds.com/fund/drive-capital) VC firm **1** round, led 1 [Diagram](https://millionrounds.com/fund/diagram) Venture studio **1** round, led 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **1** round [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) VC firm **1** round [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) VC firm **1** round [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) Investment bank **1** round [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) Corporate VC **1** round [Peak XV](https://millionrounds.com/fund/peak-xv) VC firm **1** round [Japan Finance Corporation](https://millionrounds.com/fund/japan-finance-corporation) Investment firm **1** round [Horizons Ventures](https://millionrounds.com/fund/horizons-ventures) VC firm **1** round [Invest Nebraska](https://millionrounds.com/fund/invest-nebraska) Government **1** round [Archetype](https://millionrounds.com/fund/archetype) VC firm **1** round [Social Leverage](https://millionrounds.com/fund/social-leverage) VC firm **1** round [Portage Ventures](https://millionrounds.com/fund/portage-vc) VC firm **1** round [DRW Venture Capital](https://millionrounds.com/fund/drw-venture-capital) VC firm **1** round [Citadel Securities](https://millionrounds.com/fund/citadel-securities) Growth equity **1** round [MUFG Innovation Partners](https://millionrounds.com/fund/mufg-innovation-partners) Corporate VC **1** round [Altered Capital](https://millionrounds.com/fund/altered-capital) VC firm **1** round [Kraken](https://millionrounds.com/fund/kraken) Corporate VC **1** round [Portage](https://millionrounds.com/fund/portage) VC firm **1** round [Eric Di Benedetto](https://millionrounds.com/fund/eric-di-benedetto) VC firm **1** round [Berkeley Angel Network](https://millionrounds.com/fund/berkeley-angel-network) Angel network **1** round [Shinji Kimura](https://millionrounds.com/fund/shinji-kimura) VC firm **1** round [D4V](https://millionrounds.com/fund/d4v-design-for-ventures) VC firm **1** round [MOVIDA JAPAN](https://millionrounds.com/fund/movida-japan) Accelerator **1** round [850 Management](https://millionrounds.com/fund/850-management) Growth equity **1** round [Bank Muscat](https://millionrounds.com/fund/bank-muscat) Growth equity **1** round [BNP Paribas Ventures](https://millionrounds.com/fund/bnp-paribas-ventures) VC firm **1** round [Flat Capital](https://millionrounds.com/fund/flat-capital) VC firm **1** round [Genuine Startups](https://millionrounds.com/fund/genuine-startups) VC firm **1** round [National Investments Company Kuwait](https://millionrounds.com/fund/national-investments-company-kuwait) Growth equity **1** round Architype Ventures no record of our own yet **1** round Bip Systems no record of our own yet **1** round Chihiro Asano no record of our own yet **1** round Joshua S. Levine no record of our own yet **1** round NEC Capital Solution no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=alpaca). ## 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 Ventures](https://millionrounds.com/fund/abstract) VC firm Per its own site [Tribe Capital](https://millionrounds.com/fund/tribe-capital) VC firm Per its own site [Positive Sum](https://millionrounds.com/fund/positive-sum) Private equity Per its own site [Diagram Ventures](https://millionrounds.com/fund/diagram-ventures) VC firm Per its own site [MRTNZ Ventures](https://millionrounds.com/fund/mrtnz) Angel Per its own site [Breakpoint Capital](https://millionrounds.com/fund/breakpoint-capital) Private equity Per its own site [Gambit Ventures](https://millionrounds.com/fund/gambit-ventures) VC firm Per its own site [Scala Ventures](https://millionrounds.com/fund/scala-ventures) VC firm Per its own site [X&](https://millionrounds.com/fund/x-and) VC firm Per 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. [**Fal** $1.4B · Nov 2026](https://millionrounds.com/company/fal)[**Trajectory** $101M · Nov 2026](https://millionrounds.com/company/trajectory)[**Omni** $244M · Nov 2026](https://millionrounds.com/company/omni)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava)[**Clark** $11M · Nov 2026](https://millionrounds.com/company/clark) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app