Investment company Flat Capital is injecting approximately 48 million SEK into the American crypto and trading platform Alpaca, according to a press release.

The investment was made in connection with Alpaca's latest funding round, led by Drive Capital. Other participants included Citadel Securities and the crypto platform Kraken.

Founded in 2015, Alpaca offers an API-based trading platform for cryptocurrencies, stocks, and other financial instruments through partner collaborations. The company currently has partnerships with over 300 organizations in more than 40 countries.

"Since its inception, they have created highly sought-after solutions and have a strong business model with fantastic momentum. We are inspired by the team at Alpaca and are pleased to be a small part of their continued journey, which we strongly believe in!" writes Hanna Andreen, outgoing CEO of Flat Capital.