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Alpaca, the leading data infrastructure company, today announced it has raised $52 million in Series C funding, bringing the company's total funding to over $120 million. The round was led by Portage Ventures, with participation from existing investors Spark Capital, Addition, and Tribe Capital. The new funding will be used to accelerate Alpaca's global expansion and further solidify its position as the category leader in data infrastructure.
SAN MATEO, Calif.--(BUSINESS WIRE)--Alpaca, the leading data infrastructure company, today announced it has raised $52 million in Series C funding, bringing the company's total funding to over $120 million. The round was led by Portage Ventures, with participation from existing investors Spark Capital, Addition, and Tribe Capital. The new funding will be used to accelerate Alpaca's global expansion and further solidify its position as the category leader in data infrastructure.
Alpaca's mission is to make it easy for anyone to access and use financial data. The company's platform provides developers with a simple, scalable, and cost-effective way to access real-time and historical market data, as well as a suite of tools for building and deploying algorithmic trading strategies.
"We are thrilled to partner with Portage Ventures and our existing investors as we continue to grow Alpaca," said Yoshi Yokokawa, CEO of Alpaca. "This funding will allow us to expand our team, invest in our product, and bring our platform to new markets around the world. We believe that Alpaca is uniquely positioned to capitalize on the growing demand for data infrastructure, and we are excited to continue building the future of finance."
Alpaca has experienced significant growth in recent years, with its platform now used by thousands of developers and businesses around the world. The company has also expanded its product offerings to include new data sets, tools, and features. With this new funding, Alpaca is well-positioned to continue its rapid growth and achieve its mission of making financial data accessible to everyone.
About Alpaca
Alpaca is a leading data infrastructure company that provides developers with a simple, scalable, and cost-effective way to access and use financial data. The company's platform offers real-time and historical market data, as well as a suite of tools for building and deploying algorithmic trading strategies. Alpaca is headquartered in San Mateo, California and has offices in New York, Tokyo, and London.
About Portage Ventures
Portage Ventures is a global fintech-focused venture capital firm investing in visionary entrepreneurs building the future of financial services. Its team has deep entrepreneurial and industry operating experience and partners with companies at the seed and Series A stage. Portage Ventures is headquartered in Toronto, Canada and has offices in New York, San Francisco, and London.