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Alpaca, a US-based brokerage infrastructure provider, has raised US$150 million in a Series D funding round led by Drive Capital, valuing the company at US$1.15 billion and confirming its status as a unicorn.
Drive Capital co-founder and partner Chris Olsen will join Alpaca’s board as part of the investment.
The company also secured a US$40 million line of credit to support its balance sheet as it expands internationally.
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