How Much Did Brex Raise? Funding & Key Investors

Date
February 24, 2025
Brex

Total amount raised

$12.3 Billions

Latest funding date

January, 2022

Brex

Location

Title

LINKEDIN

Status
Verified
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Brex has successfully raised significant capital through multiple funding rounds, positioning itself as a key player in the financial technology sector. The company offers a modern finance software platform that includes corporate cards, expense management, and banking services.

Continue reading to delve into the details of Brex's fundraising journey and discover the investors who have supported this innovative platform.

What Is Brex?

Brex, founded on January 3, 2017, by Henrique Dubugras and Pedro Franceschi, is a financial technology company based in San Francisco, California. The company offers a modern finance software platform that includes corporate cards, expense management, and banking services.

With a workforce of 1001-5000 employees, Brex integrates financial services into existing software applications, empowering businesses to make informed financial decisions. The platform also features AI-powered automation for accounting and spend management.

Brex partners with banks like Column N.A. to provide checking and banking services, ensuring a comprehensive financial solution for its clients. The company serves over 120 countries, emphasizing its global reach and innovative approach to financial technology.

How Much Funding Has Brex Raised?

  1. Pre-Seed Round
    • Amount Raised: $120K
    • Date: March 2017
    • Lead Investors: Y Combinator
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To kickstart the company and develop the initial product offering.
  2. Series A
    • Amount Raised: $7M
    • Date: April 2017
    • Lead Investors: Ribbit Capital
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To expand the team and accelerate product development.
  3. Series B
    • Amount Raised: $57M
    • Date: June 2018
    • Lead Investors: Y Combinator
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
  4. Series C
    • Amount Raised: $125M
    • Date: October 2018
    • Lead Investors: DST Global, Greenoaks
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support rapid growth and expand market reach.
  5. Debt Financing
    • Amount Raised: $100M
    • Date: April 2019
    • Lead Investors: Barclays Investment Bank
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To provide additional liquidity for scaling operations.
  6. Series C
    • Amount Raised: $100M
    • Date: June 2019
    • Lead Investors: Greenoaks, Kleiner Perkins
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To further develop the platform and expand into new markets.
  7. Debt Financing
    • Amount Raised: $200M
    • Date: December 2019
    • Lead Investors: Credit Suisse
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To enhance financial stability and support growth initiatives.
  8. Series C
    • Amount Raised: $150M
    • Date: May 2020
    • Lead Investors: DST Global
    • Valuation at Round: Just over $3 billion
    • Motivation Behind the Round: To support growth and enhance product offerings in a competitive market.
  9. Series D
    • Amount Raised: $300M
    • Date: January 2021
    • Lead Investors: Greenoaks, TCV
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To scale the business and capitalize on rapid customer growth.
  10. Series D
    • Amount Raised: $425M
    • Date: April 2021
    • Lead Investors: Tiger Global Management
    • Valuation at Round: $7.4 billion
    • Motivation Behind the Round: To further scale the business and develop its software suite.
  11. Series D
    • Amount Raised: Not publicly disclosed
    • Date: May 2022
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To continue supporting growth and innovation.

Brex has raised a total of $1.484 billion with a current valuation of $7.4 billion.

Key Investors

  • Tiger Global
    • Details: Tiger Global is a leading global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors. They have a strong track record of backing high-growth companies.
    • Investment Focus Areas: Internet, software, consumer, financial technology.
    • Notable Investments: Facebook, LinkedIn, Spotify.
  • Y Combinator
    • Details: Y Combinator is a startup accelerator that provides seed funding for startups. It has been instrumental in the early stages of many successful companies.
    • Investment Focus Areas: Early-stage startups across various sectors.
    • Notable Investments: Airbnb, Dropbox, Stripe.
  • Ribbit Capital
    • Details: Ribbit Capital is a venture capital firm that invests in early-stage companies in the financial technology sector. They aim to revolutionize the financial services industry.
    • Investment Focus Areas: Financial technology.
    • Notable Investments: Robinhood, Coinbase, Revolut.
  • DST Global
    • Details: DST Global is an investment firm that focuses on late-stage internet companies. They have a history of investing in some of the most successful tech companies globally.
    • Investment Focus Areas: Late-stage internet companies.
    • Notable Investments: Facebook, Twitter, Alibaba.
  • Greenoaks Capital
    • Details: Greenoaks Capital is an investment firm that invests in technology companies globally. They focus on long-term investments in high-growth sectors.
    • Investment Focus Areas: Technology companies globally.
    • Notable Investments: Coupang, Deliveroo.

What's Next for Brex?

Brex is poised to capitalize on the burgeoning demand for integrated financial management solutions. With the introduction of Brex Premium and a growing customer base, the company is well-positioned to expand its all-in-one financial platform. The recent $425 million Series D funding round, led by Tiger Global, underscores the significant opportunities available, as Brex continues to onboard thousands of new customers monthly.

Future fundraising opportunities appear promising, given Brex's rapid growth and high valuation. The company's ability to attract major investors suggests strong confidence in its potential. However, Brex will need to navigate intense competition from other fintech firms and manage regulatory challenges, especially as it plans to open an industrial bank in Salt Lake City.

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