
Brex
Total Raised
$1.725BInvestors Count
36Deal Terms
7Investments
3Funding, 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.
Sign up for a free demo to see revenue data from 2022 and more.
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 | 1 | ||
11/1/2023 | Unattributed VC - II | $279T - $283T FY 2023 | ||||
12/31/2022 | Unattributed VC | |||||
10/22/2021 | Series D - II | ▲$12,300M | ||||
4/26/2021 | Series D |
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 | ||||
Investors | Citibank, and TPG Angelo Gordon | ||||
Valuation | ▲$12,300M | ||||
Revenue | $279T - $283T FY 2023 | ||||
Sources | 1 |
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 | |||||
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 |
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 | |||||||||||||||
Series D | |||||||||||||||
Series C - III | |||||||||||||||
Series C - II | |||||||||||||||
Series C |
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 | ||
Venture Capital | California | |||||
Venture Capital | California |
First funding | 1/13/2025 | 1/13/2025 | 11/1/2023 | ||
---|---|---|---|---|---|
Last Funding | 1/13/2025 | 1/13/2025 | 11/1/2023 | ||
Investor | Citibank | ||||
Rounds | 1 Line of Credit - II | 1 Line of Credit - II | 1 Unattributed VC - II | ||
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 | $4.33M | Acquired | 6 | ||
8/17/2021 | Seed / Angel | |||||
3/24/2020 | ||||||
3/24/2020 | Other | |||||
3/24/2020 |
Date | 4/19/2022 | 8/17/2021 | 3/24/2020 | 3/24/2020 | 3/24/2020 |
---|---|---|---|---|---|
Investment Stage | Seed / Angel | Seed / Angel | Other | ||
Companies | |||||
Valuation | |||||
Total Funding | $4.33M | ||||
Note | Acquired | ||||
Sources | 6 |
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.

Brex Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
7/13/2022 | Series B | Zesty AI | $33M | No | 3 | |
3/24/2022 | Debt - II | |||||
5/27/2021 | Seed VC |
Date | 7/13/2022 | 3/24/2022 | 5/27/2021 |
---|---|---|---|
Round | Series B | Debt - II | Seed VC |
Company | Zesty AI | ||
Amount | $33M | ||
New? | No | ||
Co-Investors | |||
Sources | 3 |
Compare Brex to Competitors

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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 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 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 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 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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