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Company pair · Fintech
VS

Alpaca vs iCapital

Fintech Both private US-headquartered No Canborsa market

Alpaca and iCapital are often weighed against each other in fintech.

On this pageSide by sideValuation marksWhat each disclosesVerdictFAQ
AlpacaPRIVATE · US
iCapitalPRIVATE · US
VS
Last valuation$1.15B$7.5B
Basis Post-money Post-money
As ofJul 2026Jul 2025
Founded20152013
Employees≈200≈1,510
On CanborsaNo marketNo market
At a glance
$1.15B
AlpacaPost-money, Series funding (July 2026) · Jul 2026
$7.5B
iCapitalPost-money, 2025 round · Jul 2025
6.52×
GapBoth post-money, 12 months apart
0 of 2
On CanborsaNeither company has a market
VS
Head-to-head · field by field

Alpaca vs iCapital — side by side

Field
AlpacaPRIVATE · FOUNDED 2015
iCapitalPRIVATE · FOUNDED 2013
VS
Last valuation
$1.15B Post-money
$7.5B Post-money
Valuation date
16 Jul 2026
10 Jul 2025
Valuation basis
Post-money
Post-money
Latest round
Series funding (July 2026)
2025 round
Round size
$135M
$820M
Round lead
Peak XV, Elefund
T. Rowe Price, SurgoCap Partners
Named investors
Drive Capital Citadel Securities Opera Tech Ventures MUFG Innovation Partners
BlackRock JPMorgan Chase Morgan Stanley Fidelity Investments
Founded
2015
2013
Employees (est.)
≈200
≈1,510
Sector & HQ
Fintech · 🇺🇸 US
Fintech / alternative-investment platforms · 🇺🇸 US
Status & market
Private — no Canborsa market
Private — no Canborsa market
Valuation · both companies on one scale

Valuation marks

Each bar is the last disclosed mark — $1.15B for Alpaca (post-money, Jul 2026) and $7.5B for iCapital (post-money, Jul 2025).

Alpaca
$1.15BPost-money · Jul 2026
iCapital
$7.5BPost-money · Jul 2025
ALPACA · $1.15B · JUL 2026ICAPITAL · $7.5B · JUL 2025
Alpaca vs iCapital · what each company discloses

What each company discloses, and what it leaves out

AlpacaPRIVATEFintech · US · 2015
+Last disclosed mark $1.15B — post-money, Jul 2026.
+Founded 2015 .
+≈200 employees.
+Latest round: Series funding (July 2026), $135M raised, led by Peak XV.
iCapitalPRIVATEFintech · US · 2013
+Last disclosed mark $7.5B — post-money, Jul 2025.
+Founded 2013 .
+≈1,510 employees.
+Latest round: 2025 round, $820M raised, led by T. Rowe Price.
Verdict

Verdict

The $1.15B tells you…
What an investor paid for newly issued shares — a primary round, priced post-money.
How much capital arrived with it:$135M, led by Peak XV in Jul 2026.
A dated print: it moves only when a newer round is announced.
The $7.5B tells you…
What an investor paid for newly issued shares — a primary round, priced post-money.
How much capital arrived with it:$820M, led by T. Rowe Price in Jul 2025.
A dated print: it moves only when a newer round is announced.

Both marks are post-money, so 6.52× compares like with like. Both are private: there is no public quote and no Canborsa market on either name.

Frequently asked questions

Are Alpaca and iCapital in the same sector?›

Alpaca's sector is Fintech; iCapital's sector is Fintech / alternative-investment platforms.

Which is worth more, Alpaca or iCapital?›

Alpaca is valued at $1.1B, and iCapital at $7.5B.

What's the total funding raised by Alpaca versus iCapital?›

Alpaca has raised $353M across 5 rounds, and iCapital has raised $1.1B across 10 rounds.

Is Alpaca from the same country as iCapital?›

Alpaca is based in United States; iCapital is based in United States.

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