About Alpaca
Alpaca is a venture capital firm founded in 2012. It is primarily based out of New York City, United States. As of Sep 2026, Alpaca is an active investor, having invested in 84 companies, with 4 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and High Tech. Most recently it participated in the $***** Series B round of Mainstay Overall, Alpaca portfolio has seen 3 unicorns, 4 IPOs and 15 acquisitions including key companies like Compass, Lending Club and ClassPass. A lot of funds co-invest with Alpaca, with names like Red Beard Ventures sharing a substantial percentage of its portfolio. Alpaca has team of 6 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Unicorns
Portfolio Soonicorns
Alpaca's List of Top Investments
Alpaca has a portfolio of 84 companies, including 3 unicorns. Their most notable investments are in EarlyDay and Firstbase.Their portfolio spans across United States, Canada, China and 3 more locations. They have invested in Consumer, Enterprise Applications, High Tech and 28 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Alpaca:1. Compass
Real estate company that helps people buy, sell, and rent homes and apartments. The platform enables users to own a property by discovering properties to seal the deal. Users can browse listings and schedule viewings via the app. The apps are available for Android and iOS devices.
Key facts about Compass
- Founded Year: 2012
- Location: New York City (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $1.51B
- Employee Count: 35,411 as on Aug 31, 2026
- Investors: Glynn Capital, Flying Cow Ventures and 42 Others
- Latest Funding Round: Post IPO, Jan 16, 2026, $*****
- Highlight: Public
2. Lending Club
P2P marketplace for consumer and business loans. It offers multiple loans including personal loans, refinancing loans, healthcare loans, SME loans, and more. It offers loans to borrowers from multiple institutional/individual investors and lenders. Loans are offered on the basis of credit assessments and user profiles.
Key facts about Lending Club
- Founded Year: 2006
- Location: San Francisco (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $219M
- Employee Count: 977 as on Jul 31, 2026
- Investors: TrueBridge, Section Partners and 46 Others
- Latest Funding Round: Post IPO, Oct 18, 2016, $*****
- Highlight: Public
3. ClassPass
ClassPass is a membership program for fitness classes across multiple gyms and studios. Members can access multiple varieties of classes and engagement in their fitness regime, all at a fixed price. Participating studios benefit by attracting new students and profitably filling excess capacity in classes. ClassPass has also started corporate membership programs.
Key facts about ClassPass
- Founded Year: 2013
- Location: New York City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $550M
- Employee Count: 959 as on Aug 31, 2026
- Investors: eversourcecap.com, Spur Capital and 64 Others
- Latest Funding Round: Series E, Jan 08, 2020, $*****
- Highlight: Acquired
4. Latch
Provider of cloud-based smart locks for residential and commercial places. It provides users with an internet-connected or electro-mechanically engineered lock system for access control. Its product portfolio includes smart locks, guest and delivery management systems, and smart home sensors. Its locks can be operated using its mobile application, access cards, and passwords. It comprises a touch panel and a wide-angle camera.
Key facts about Latch
- Founded Year: 2014
- Location: New York City (United States)
- Annual Revenue: $50M - $100M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $153M
- Employee Count: 266 as on May 31, 2026
- Investors: Summit Partners, RRE Ventures and 32 Others
- Latest Funding Round: Series B, Aug 01, 2019, $*****
- Highlight: Public
Web3 technology investment and venture-building company. It builds, invests in, and accelerates businesses and ecosystems focused on digital ownership. Its activities span blockchain, digital assets, gaming, identity, education, stablecoins, real-world assets, and related Web3 infrastructure, with investments and portfolio companies across the global digital economy.
Key facts about Animoca Brands
- Founded Year: 2006
- Location: Hong Kong (China)
- Annual Revenue: $100M - $500M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $973M
- Employee Count: 314 as on Aug 31, 2026
- Investors: Harmony Partners, Backstage and 127 Others
- Latest Funding Round: Series C, Nov 11, 2024, $*****
- Highlight: Editors' Pick
Alpaca's Year-on-Year Investment Trends
Alpaca has invested in 84 companies over the last 11 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 2 investments, while as of Sep 2026, it has made 4 investments in this year. Its most recent first time investment was in Mainstay and most recent follow-on round was in Acelab.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 0 | 4 |
2025 | 2 | 0 | 2 |
2024 | 2 | 0 | 2 |
2023 | 4 | 1 | 5 |
2022 | 13 | 3 | 16 |
2021 | 7 | 1 | 8 |
2020 | 4 | 0 | 4 |
2019 | 1 | 0 | 1 |
Alpaca's Investments by Stage
Alpaca has made 20 investments in Seed stage with an average round size of $4.96M, 9 investments in Series A stage with an average round size of $11.4M, 6 investments in Series B stage with an average round size of $52.3M, 2 investments in Series C stage with an average round size of $82.5M and 1 investment in Series D stage with an average round size of $102M.Stage of entry | No. of Investments |
|---|---|
Seed | 20 |
Series A | 9 |
Series B | 6 |
Series C | 2 |
Series D | 1 |
Note: We have considered here, only first round of investments
Alpaca's Investments by Sector
Alpaca has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Real Estate and Construction Tech and Vertical SaaS. Notably, it has invested in 80 Tech companies, 51 Consumer (B2C) companies, 46 Enterprise (B2B) companies and at least 36 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 15 |
Enterprise Applications | 15 |
High Tech | 9 |
Real Estate and Construction Tech | 7 |
Vertical SaaS | 7 |
Others | 60 |
Note: We have considered here, only first round of investments
Alpaca's Investments by Geography
Alpaca has made most investments in United States (31), followed by Canada where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 31 |
Canada | 3 |
Australia | 1 |
Belgium | 1 |
China | 1 |
Note: We have considered here, only first round of investments
Alpaca's recent investments
Alpaca has made 4 investments in 2026 so far. Mainstay and Ultimarii are the latest among them.Here are the most recent investments by Alpaca:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 17, 2026 | United States | Series B | 6608 | [+5] | |
Sep 11, 2026 | - | Series A | 3037 | [+2] | |
Sep 09, 2026 | United States | Series B | 3138 | [+7] | |
Feb 05, 2026 | Canada | Seed | 5595 | [+5] | |
Aug 08, 2025 | United States | Seed | 6396 | [+6] |
Unicorns in Alpaca's Portfolio
Alpaca has 3 unicorns in its portfolio - The Sandbox, Animoca Brands and Zopa. The most recent unicorn in their portfolio is The Sandbox. It became a unicorn in 2024, 2 years after Alpaca first invested in it.Here is a list of unicorns in Alpaca's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Online platform offering a user-generated metaverse with blockchain games for creative and immersive gaming experiences | 2018 | Hong Kong | Series B | qqzdmce | ||
77 | Web3 technology investment and venture-building company | 2006 | Hong Kong | Series C | pkirmvh | ||
72 | Provider of digital banking services including loans savings and accounts | 2005 | London | Series H | zaxgryu |
IPOs and Publicly Listed companies in Alpaca's Portfolio
4 of Alpaca's portfolio companies have become public. Latch got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2021 at marketcap of $166M and Compass got listed on the New York Stock Exchange (NYSE) at marketcap of $6.96B.Here are Alpaca's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 07, 2021 | - | - | 9549 | |
Apr 01, 2021 | - | - | 4406 | |
Nov 13, 2020 | - | - | 1732 | |
Dec 11, 2014 | - | - | 7261 |
Acquired companies in Alpaca's Portfolio
15 companies from Alpaca's portfolio have been acquired. The most recent acquisition was Prevu in Nov 2025 by Realpha Technologies for $*****.Here are Alpaca's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 25, 2025 | - | - | 7772 | |
Jan 15, 2025 | - | - | 8955 | |
Dec 17, 2024 | Aug 2020 | Seed | 5770 | |
Sep 30, 2024 | Oct 02, 2023 | Seed | 4669 | |
Mar 28, 2024 | Sep 02, 2022 | Seed | 7451 |
Team profile of Alpaca
Alpaca has a team of 6 members including 1 Partner and 2 Principals located in United States. Alpaca's team does not sit on the board of any company as of now.Here is a list of all team members in Alpaca:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Brooklyn | - | ||
Principal | New York City | - | - | |
Principal | Charlottesville | - |
Co-investors of Alpaca
Over the past 11 years, 406 investors have co-invested in Alpaca's portfolio companies. This includes funds and angels.
- Invested before Alpaca: Navitas Capital, Nine Four Ventures and 114 others have invested in rounds before Alpaca. There are 2 companies where Navitas Capital has invested before Alpaca and 2 companies where Nine Four Ventures has invested before Alpaca.
- Top Co-investors of Alpaca: 260 investors entered a company along with Alpaca. These include investors like Red Beard Ventures (3 companies).
- Invested after Alpaca: A total of 30 investors have invested in Alpaca's portfolio after their investments. Top Investors include Green Per Square Foot (1 company), Adrian Cheng (1 company) and Bridge Community Bank (1 company).
Recent News related to Alpaca
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Brilliant Harvest Raises $4M USD in Seed FundingFinSMEs•Feb 24, 2026•NYA Ventures, Brilliant Harvest, Automotive Ventures, Alpaca and 4 others
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AP Amplio Secures $11.1M Series A to Scale AI-Powered Surplus Solutions for Global ManufacturersBakersfield•Sep 25, 2025•Hitachi Ventures, Construct Capital, Alpaca, High Alpha and 3 others
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Trially AI Seed Round Secures $4.7Million and Launches “Margo” to Solve Clinical Trial Recruitment BottleneckRad AI•Sep 16, 2025•Trially, Flyover Capital, Redbud VC, Atria and 4 others
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Impact46 invests $6.7m in five Saudi game studiosPocket Gamer•Aug 11, 2025•Impact46, Game Cooks, Alpaka Games, Fahy Studios and 9 others
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Hightouch bags $80m Series C at $1.2bn valuation as it brings AI decisioning to retail marketersRetail Technology Innovation Hub•Feb 18, 2025•Hightouch, Sapphire Ventures, NewView Capital, Amplify and 24 others
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Earth AI Closes Oversubscribed Round; Raising $20M for AI Driven Mineral ExplorationPR Newswire•Jan 27, 2025•EARTH AI, Tamarack Global, Cantos Ventures, Sparkwave Capital and 6 others
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Intramotev Raises $14.4 Million to Retrofit a New Era of Growth for Rail IndustryPR Newswire•Aug 16, 2024•intramotev, Advantage Capital, Civimetria, Band Capital Partners and 9 others
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Queer social app Lex gets a new CEO and $5.6M to growTechCrunch+•Oct 03, 2023•Lex, Stellation Capital, Slauson, HopeLab and 8 others
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Alpaca VC unveils two new investment vehicles, including its real estate rootsTechCrunch+•Oct 02, 2023•Alpaca
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Focusing on remote teams, Firstbase raises $50 millionWebrazzi•Aug 30, 2023•Firstbase, Andreessen Horowitz, Alpaca, Forum Ventures and 1 other
