Brex

About

Brex is a fintech company that offers credit cards and cash management solutions for their customers to save and spend money.

San Francisco,California,United States
https://brex.com

Highlights

Details

Last Funding Type: Series D
Last Funding Money Raised: $300M
Industries: Banking,Credit Cards,Financial Services,FinTech
Founded date: Mar 1, 2017
Operating Status: Active
Legal Name: Brex Inc.

Brex is all-in-one finance for growing businesses. It helps companies spend, save, and earn smarter—and take every dollar further—by doing more than a bank, bookkeeping, or reward program could ever do alone. After completing the Y Combinator accelerator program in 2017, Brex has grown to over 600 employees and raised over US$940 million in venture capital.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

13

$1.45B

Brex has raised a total of $1.45B in funding over 2 rounds. Their latest funding was raised on May 18, 2022 from a Series D round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
May 18, 2022	Series D	—	1	—	—	Detail
Feb 1, 2022	Series D	—	1	—	—	Detail
Oct 22, 2021	Series D	$300M	10	Greenoaks TCV	—	Detail
Apr 26, 2021	Series D	$425M	15	Tiger Global Management	—	Detail
May 19, 2020	Series C	$150M	2	DST Global	—	Detail

Investments

Number of Investments

Number of Lead Investments

2

0

Brex has made 2 investments. Their most recent investment was on Jul 19, 2022, when Zesty.ai raised $33M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jul 19, 2022 Zesty.ai	Series B	$33M	Analytics	—
May 27, 2021 Kodo	Seed	₹635M	B2B	—

Investors

Number of Lead Investors

Number of Investors

13

52

Brex is funded by 52 investors. Greenoaks and TCV are the most recent investors.

Investor Name	Lead Investor	Funding Round
Greenoaks	Yes	Series D
TCV	Yes	Series D
Credit Suisse	Yes	Debt Financing
Kleiner Perkins	Yes	Series C
Barclays Investment Bank	Yes	Debt Financing
Weclikd	—	Series D
VamosVentures	—	Series D
Baillie Gifford	—	Series D
DST Global	—	Series D
Durable Capital Partners	—	Series D

Employee Profiles

Number of Employee Profiles

62

Brex has 62 current employee profiles, including Executive Will Palmeri

Executive

Employee

Employee

Executive

Employee

Acquisition

Brex has acquired 6 organizations. Their most recent acquisition was Elph Network on Mar 20, 2019. They acquired Elph Network for 0.

Date Company Name	Industry	Acquisition Type	Price
Mar 20, 2019 Elph Network	Blockchain	acquisition	—	Detail
Mar 24, 2020 Neji	Computer	acquisition	—	Detail
Mar 24, 2020 Compose Labs	Communities	acquisition	—	Detail
Mar 24, 2020 Landria	Analytics	acquisition	—	Detail
Aug 17, 2021 Weav	Developer APIs	acquisition	$ 50M	Detail