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Alpaca raises $435m to expand into institutional trading

The new funding is intended to support Alpaca’s push beyond retail trading into institutional clients, including hedge funds and market makers.

Reported · Written up by our desk · Fund Industry

Brokerage infrastructure provider Alpaca has raised $435 million in new funding, aiming to accelerate its expansion into institutional trading, according to a report cited by Hedgeweek.

The plans include serving hedge funds and market makers as Alpaca grows its institutional footprint, the outlet said.

Hedgeweek also tied the financing to Alpaca’s broader infrastructure buildout, including consideration of prime brokerage services as it moves deeper into institutional markets.

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