Alpaca VC

Alpaca VC is a New York City-based venture capital firm established in 2020, evolving from its predecessor, Corigin Ventures. The firm distinguishes itself with a thematic investment focus on companies operating at the "intersections of the digital and physical worlds." This broad thesis encompasses a diverse range of sectors, including PropTech, FinTech, the Future of Work, Supply Chain, Consumer, and Climate technologies, reflecting a strategic approach to capitalize on the convergence of technological innovation and tangible real-world applications. Alpaca VC primarily targets early-stage opportunities, making initial investments in both Seed and Series A rounds.

The firm has demonstrated significant fundraising success, building a robust capital base to support its investment strategy. Following Alpaca Fund I and Alpaca Fund II, which raised $40 million and $75 million respectively, Alpaca VC successfully closed its third fund, Alpaca Fund III, at $95 million in February 2022. This latest fund brought the firm's total assets under management to over $200 million across its various vehicles, underscoring its growing influence in the early-stage venture landscape.

Alpaca VC is an active investor, having built a substantial portfolio of over 100 companies since its inception. Their investment approach is characterized by a flexible check size, tailored to the specific stage of the startup. For seed-stage companies, Alpaca VC typically deploys initial checks ranging from $500,000 to $2 million. As companies mature into Series A rounds, the firm is prepared to increase its commitment, with typical first investments falling between $2 million and $5 million. This tiered investment strategy allows Alpaca VC to support promising ventures from their nascent stages through significant growth milestones, aligning with their long-term vision for portfolio development.