Brex
Corporate cards, expense management, bill pay and travel tools for businesses, plus business accounts with real-time payments. The software issues cards, enforces spend policies and automates expense review.
FintechCorporate cards and spend managementSan Francisco, United States
FoundersSince 2017
- Valuation
- $12B
- Total raised
- $1.2B
- Last round · Jan 2025
- Revolving credit facility
- Founded
- 2017
- Employees
- 1,100
- Quarters in VP50
- 19
Valuation
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series B | Jun 19, 2018 | $220M | $50M | Y Combinator Continuity |
| Series C | Oct 5, 2018 | $1.1B | $125M | DST Global, Greenoaks Capital, and IVP |
| Series C-2 | Jun 11, 2019 | $2.6B | $100M | Kleiner Perkins |
| Series C extension | May 19, 2020 | $3.0B | $150M | Unknown |
| Series D | Apr 26, 2021 | $7.4B | $425M | Tiger Global |
| Series D-2 | Jan 11, 2022 | $12B | $300M | Greenoaks Capital and Technology Crossover Ventures (TCV) |
Post-money valuation at each priced round. Log scale.Hover a point for the round
Updated
In VP50
- Q4 2023: #27
- Q1 2024: #27
- Q2 2024: #35
- Q3 2024: #39
- Q4 2024: no place
- Q1 2025: #34
- Q2 2025: #41
- Q3 2025: #40
- Q4 2025: #43
- Q1 2026: no place
- Q2 2026: no place
- Q3 2026: no place
- Q4 2026: no place
Place by quarter since Q4 2023. Best place #9, held for two quarters in a row.
Funding rounds
DateRound · leadRaisedValuation
May 19, 2020Series C extension$150M$3.0B
