Total Raised

$1.725B

Investors Count

36

Deal Terms

7

Investments

3

Funding, Valuation & Revenue

15 Fundings

Brex has raised $1.725B over 15 rounds.

Brex's latest funding round was a Line of Credit - II for $235M on January 13, 2025.

Brex's valuation in October 2021 was $12,300M.

Brex's latest post-money valuation is from October 2021.

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Brex's 2023 revenue was $279T - $283T. Brex's most recent revenue is from 2022.

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Date

Round

Amount

Investors

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Revenue

Sources

1/13/2025

Line of Credit - II

$235M

Citibank, and TPG Angelo Gordon

$XXM

0

FY undefined

1

11/1/2023

Unattributed VC - II

$XXM

$279T - $283T

FY 2023

12/31/2022

Unattributed VC

$XXM

$X.XXB

((X.XXx))

FY XXXX

10/22/2021

Series D - II

$XXM

$12,300M

$X.XXB

((X.XXx))

FY XXXX

10

4/26/2021

Series D

$XXM

$XXM

$X.XXB

((X.XXx))

FY XXXX

10

Date

1/13/2025

11/1/2023

12/31/2022

10/22/2021

4/26/2021

Round

Line of Credit - II

Unattributed VC - II

Unattributed VC

Series D - II

Series D

Amount

$235M

$XXM

$XXM

Investors

Citibank, and TPG Angelo Gordon

Valuation

$XXM

$XXM

$XXM

$12,300M

$XXM

Revenue

0

FY undefined

$279T - $283T

FY 2023

$X.XXB

((X.XXx))

FY XXXX

$X.XXB

((X.XXx))

FY XXXX

$X.XXB

((X.XXx))

FY XXXX

Sources

1

10

10

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Brex Deal Terms

7 Deal Terms

Brex's deal structure is available for 7 funding rounds, including their Series D - II from October 22, 2021.

Round

Series D - II

Series D

Series C - III

Series C - II

Series C

Funding Date

$XXM

$XXM

$XXM

$XXM

$XXM

Pre-Money Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Post-Money Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Amount Raised

$XXM

$XXM

$XXM

$XXM

$XXM

Shares Authorized

Issuance Price

Dividend Rate

Liquidation Preferences

Liquidation Price

Participation

Conversion Price

Anti Dilution

General Voting

$XXM

$XXM

$XXM

$XXM

$XXM

Board Voting

$XXM

$XXM

$XXM

$XXM

$XXM

Par Value

Round

Funding Date

Pre-Money Valuation

Post-Money Valuation

Amount Raised

Shares Authorized

Issuance Price

Dividend Rate

Liquidation Preferences

Liquidation Price

Participation

Conversion Price

Anti Dilution

General Voting

Board Voting

Par Value

Series D - II

$XXM

$XXM

$XXM

$XXM

$XXM

$XXM

Series D

$XXM

$XXM

$XXM

$XXM

$XXM

$XXM

Series C - III

$XXM

$XXM

$XXM

$XXM

$XXM

$XXM

Series C - II

$XXM

$XXM

$XXM

$XXM

$XXM

$XXM

Series C

$XXM

$XXM

$XXM

$XXM

$XXM

$XXM

Brex Investors

36 Investors

Brex has 36 investors. TPG Angelo Gordon invested in Brex's Line of Credit - II funding round.

First funding

Last Funding

Investor

Rounds

Board Seats

Type

Location

1/13/2025

1/13/2025

1
Line of Credit - II

Private Equity

New York

1/13/2025

1/13/2025

Citibank
1
Line of Credit - II

Bank

New York

11/1/2023

11/1/2023

1
Unattributed VC - II

Venture Capital

Brazil

00/00/0000

00/00/0000

Liquid 2 Ventures

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Venture Capital

California

00/00/0000

00/00/0000

Pioneer Fund

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Venture Capital

California

First funding

1/13/2025

1/13/2025

11/1/2023

00/00/0000

00/00/0000

Last Funding

1/13/2025

1/13/2025

11/1/2023

00/00/0000

00/00/0000

Investor

Citibank

Liquid 2 Ventures

Pioneer Fund

Rounds

1
Line of Credit - II
1
Line of Credit - II
1
Unattributed VC - II

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Board Seats

Type

Private Equity

Bank

Venture Capital

Venture Capital

Venture Capital

Location

New York

New York

Brazil

California

California

Brex Acquisitions

6 Acquisitions

Brex acquired 6 companies. Their latest acquisition was Pry Financials on April 19, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/19/2022

Seed / Angel

$XXM

$4.33M

Acquired

6

8/17/2021

Seed / Angel

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$XXM

$XXM

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10

3/24/2020

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$XXM

Subscribe to see more

10

3/24/2020

Other

Subscribe to see more

$XXM

$XXM

Subscribe to see more

10

3/24/2020

Subscribe to see more

$XXM

Subscribe to see more

10

Date

4/19/2022

8/17/2021

3/24/2020

3/24/2020

3/24/2020

Investment Stage

Seed / Angel

Seed / Angel

Other

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Total Funding

$4.33M

$XXM

$XXM

Note

Acquired

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Sources

6

10

10

10

10

Brex Investments

3 Investments

Brex has made 3 investments. Their latest investment was in Zesty AI as part of their Series B on July 13, 2022.

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Brex Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/13/2022

Series B

Zesty AI

$33M

No

3

3/24/2022

Debt - II

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$XXM

Subscribe to see more

10

5/27/2021

Seed VC

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$XXM

Subscribe to see more

10

Date

7/13/2022

3/24/2022

5/27/2021

Round

Series B

Debt - II

Seed VC

Company

Zesty AI

Subscribe to see more

Subscribe to see more

Amount

$33M

$XXM

$XXM

New?

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

10

10

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  • Identify tomorrow's challengers
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Compare Brex to Competitors

Ramp Logo
Ramp

Ramp is a financial operations platform that provides spend management services for businesses. The company offers a suite of services including corporate cards, expense management, accounts payable solutions, and accounting automation. Ramp's platform serves startups, small businesses, mid-market companies, and enterprises across various sectors. It was founded in 2019 and is based in New York, New York.

Pleo Logo
Pleo

Pleo focuses on business spend management within the financial technology sector. The company offers company cards with individual spending limits and provides a platform to manage expenses, reimbursements, invoices, and budgets. It serves businesses looking to manage their spending and financial processes. The company was founded in 2015 and is based in København N, Denmark.

Soldo Logo
Soldo

Soldo provides spend management solutions within the financial services sector. The company offers a platform that connects with financial systems to manage corporate spending through company cards, a mobile app for tracking expenses, and tools for financial compliance. Soldo serves businesses that need to manage their expense processes and gain insights into their spending. Soldo was formerly known as PX Technology. It was founded in 2014 and is based in London, United Kingdom.

Jeeves Logo
Jeeves

Jeeves operates a financial platform providing payment and expense management solutions within the financial services industry. The company offers a suite of tools that streamline global finance operations, including multi-currency accounts, corporate card issuance, cross-border payments, and integrated expense management. Jeeves primarily serves businesses looking to manage their financial operations across multiple countries. It was founded in 2019 and is based in Orlando, Florida.

Custodia Logo
Custodia

Custodia focuses on corporate expense management in the financial technology sector. The company offers a range of services, including smarter expense management, AI-driven budgeting and spending, and real-time approvals and insights, all designed to empower employees and maintain financial control. Primarily, it caters to businesses ranging from small to large scale, providing them with tools for digital finance. It was founded in 2018 and is based in New York, New York.

Payhawk Logo
Payhawk

Payhawk provides corporate spend management solutions within the financial technology sector. It offers a platform that includes corporate cards, expense management, accounts payable, and accounting software for business payments and financial control. Payhawk's services aim to automate expense reporting and reconciliation and provide visibility and control over company spending, while also integrating with existing financial systems. It was founded in 2018 and is based in London, United Kingdom.

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