Alpaca VC backs early‑stage companies that combine technology with foundational real‑world industries such as real estate, energy, logistics, manufacturing, agriculture and commerce. They use a repeatable, thesis‑driven “Field Study” process to generate deep industry insight and source deals, aiming to be the lead investor in founders shaping the physical infrastructure of the future.
Industries
Industry breakdown
Top industries in the portfolio
Geography
Geographic scope
Global
Geography breakdown
Darker regions = more portfolio companies
Top 5 countries
United States of America
69.7%Canada
6.1%United Kingdom
1.5%Countries with a higher share of the portfolio are shaded darker on the map.
Stages
Stage indicator
Pre-Seed → Series C+
Stage breakdown
Portfolio by stage
Portfolio vintage
Companies by founded year
Fund details
Funds
Alpaca VC Fund III LP
Vintage 2021 • $78.1M
Alpaca Built World Fund I LP
Vintage 2021 • $31.3M
Alpaca Kraken I A Series of Alpaca VC Master Direct Invest LLC
Vintage 2023 • $4.6M
Alpaca PAIR SPV LLC
Vintage 2023 • $1.5M
Alpaca VC SPV 1 LLC
Vintage 2023 • $300K
Alpaca VC SPV 2 LLC
Vintage 2023 • $900K
Alpaca VC SPV 3 LLC
Vintage 2023 • $3.6M
Alpaca VC SPV 4 LLC
Vintage 2023 • $1.6M
Alpaca VC SPV 5 LLC
Vintage 2023 • $1.1M
Corigin Ventures Fund II LP
Vintage 2023 • $32.5M
Imperfect SPV A Series of Alpaca VC Master Direct Invest LLC
Vintage 2023 • $500K
Check sizes
Min: $500K
Typical: $2M
Max: $5M