Alpaca Revenue, Valuation, Funding & Investors

Alpaca is valued at $1.1B as of February 2026, a 11.5x multiple on its last reported $100M revenue.

Last Alpaca valuation

$1.1B

Seed · Feb 2026

Last Alpaca funding round

$1M

Seed · Feb 2026

Alpaca revenue

$100M

Seed · Feb 2026

Key investors in Alpaca

  • Invest Nebraska
  • Nelnet
  • Workshop Venture Partners
  • MOVE Venture Capital
  • Lozier Foundation

Alpaca Overview

About Alpaca

Alpaca is a subscription service delivering monthly classroom supply packs to teachers in the United States. Each pack contains organizational tools, student incentives, decor items, and hygiene essentials, structured to benefit every teacher in participating schools. The model doubles product value with $2 of goods per $1 subscription fee, supporting K-12 educators with curated, high-demand materials shipped nationwide.


Founded

2022

HQ

United StatesOmaha, NE

Status

Privately held

Customer focus

B2C

Revenue model

Subscription

Revenue

$100M (Feb 2026)

Valuation

$1.1B (Feb 2026)

Alpaca Valuation

Alpaca is currently valued at $1.1B, based on its seed round in February 2026.

Alpaca valuation by funding round

Alpaca valuation by funding round
DateStageValuationRevenue Multiple
Feb 2026Seed$1.1B11.5x

Alpaca Revenue

Alpaca's latest recorded revenue is $100M, as of its seed round in February 2026. At a $1.1B valuation, that implies a 11.5x revenue multiple.

Alpaca revenue by funding round

Alpaca revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2026$100M$1.1B11.5xSeed

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Alpaca Funding History

Alpaca has raised a total of $4M across 3 funding rounds.

Alpaca's first fundraising round was a $1M seed round in March 2022. The most recent completed round was a $1M seed round in February 2026.

Alpaca funding rounds

Alpaca funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2026Seed-$1M$1.1B-
Apr 2025SeedInvest Nebraska (lead); Nelnet (lead); Lozier Foundation; Workshop Venture Partners; MOVE Venture Capital$2M-Alpaca closed a $1.8 million seed funding round in early 2025 led by Nelnet and Invest Nebraska, with participation from Workshop Ventures, the Lozier Foundation, and MOVE Venture Capital. The company previously shipped its 40,000th care pack as of May 2024, indicating a school-focused product serving the education sector by making schools happier places to work. Alpaca later closed a $150 million Series D in January 2026 at a $1.15 billion post-money valuation led by Drive Capital.
Mar 2022SeedInvest Nebraska (lead)$1M--

Who has invested in Alpaca?

5 investors have backed Alpaca across its funding rounds, including Invest Nebraska, Nelnet, Workshop Venture Partners, MOVE Venture Capital and Lozier Foundation.

Lead investors include Invest Nebraska and Nelnet.


Alpaca Investors

Investors in Alpaca by funding rounds participated
InvestorHQRoundsRoleFirst check
Invest NebraskaUnited StatesLincoln, NE2LeadMar 2022
NelnetUnited StatesLincoln, NE1LeadApr 2025
Lozier FoundationUnited StatesOmaha, NE1ParticipantApr 2025

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Alpaca Competitors

Alpaca competitors include listed companies like Ziff Davis and Eagle Eye, and private ones like LifeMiles, CoinBridge, Boost and ShopBack.

Public and private companies comparable to Alpaca
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LifeMilesColombiaBogotáPrivate--$1.1B-
CoinBridgeIsraelHerzliyaPrivate--$1B-
BoostMalaysiaKuala LumpurPrivate--$1.5B-
ShopBackSingaporeSingaporePrivate--$900M-
Ziff DavisUnited StatesUnited StatesPublicly listed$1.5B$335M$2B1.0x
Eagle EyeUnited KingdomUnited KingdomPublicly listed$65M$15M$190M2.6x

Alpaca Public Comps

Alpaca is still privately-owned, but its public comps include Universal Technical Institute, Afya, Emirates Mobility Company, HUMANSOFT Holding, QuinStreet, AcadeMedia, Ibotta, Phoenix Education, Coursera and Cogna Educação.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Universal Technical Institute$836M$141M1.6x1.5x9.5x13.1x
Afya$719M$289M2.3x2.2x5.6x5.0x
Emirates Mobility Company$210M$116M4.2x4.2x7.6x8.6x
HUMANSOFT Holding$252M$134M3.4x3.5x6.4x7.4x
QuinStreet$1.3B$61M0.7x0.7x15.8x7.9x
AcadeMedia$2B$444M1.2x1.1x5.5x5.3x
Ibotta$342M$7M2.5x2.4x114.9x15.3x
Phoenix Education$1B$194M0.8x0.8x4.1x3.2x

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Common questions about Alpaca

When was Alpaca founded?Alpaca was founded in 2022.
Where is Alpaca headquartered?Alpaca is headquartered in Omaha, NE, United States.
Is Alpaca publicly listed?No, Alpaca is a private, VC-backed company.
What is Alpaca's valuation?Alpaca was last valued at $1.1B in its seed round in February 2026.
How much funding has Alpaca raised?Alpaca has raised $4M across 3 funding rounds.
What was Alpaca's last funding round?Alpaca's last funding round was a $1M seed round in February 2026.
Who are Alpaca's investors?Alpaca's investors include Invest Nebraska, Nelnet, Lozier Foundation, Workshop Venture Partners and MOVE Venture Capital.
What is Alpaca's revenue?Alpaca's latest recorded revenue is $100M (February 2026).
What is Alpaca's revenue multiple?Alpaca's latest valuation implies a 11.5x revenue multiple ($1.1B valuation on $100M of revenue).
Which companies are comparable to Alpaca?Companies comparable to Alpaca include LifeMiles, CoinBridge, Boost, ShopBack, Ziff Davis and Eagle Eye.

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