Startup profile for Brex: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Brex funding, valuation and investors

Corporate card and spend management for high-growth companies.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series D

$425M · April 2021

Latest known valuation

Not publicly disclosed

Total disclosed equity funding

$432M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

growth · San Francisco, California

Investors in latest funding

Lead: Tiger Global Management

Other: Kleiner Perkins , Andreessen Horowitz

Sources: latest funding · businesswire.com Last verified: 2026-07-25

Overview

Brex offers corporate cards, expense management, bill pay, and banking services tailored to startups and mid-market companies with high growth and global spend. Founded by Henrique Dubugras and Pedro Franceschi after selling Pagar.me, Brex became the first YC unicorn at launch. Tiger Global led a $425M Series D in April 2021 with Kleiner Perkins and Andreessen Horowitz participating.

Why Brex is interesting

Brex helped define startup finance stacks — Ribbit-led Series A, then Tiger-led $425M Series D with a16z and Kleiner Perkins on the cap table.

Product & use cases

Corporate card and spend management platform — card issuance, expense policies, reimbursements, bill pay, and cash management for high-growth companies.

  • Startup corporate card with limits based on cash balance
  • Automated expense management and policy enforcement
  • Global spend for distributed teams

Key facts

  • Series A (2017): Ribbit Capital led $7M with YC (TechCrunch)
  • Series D (Apr 2021): $425M led by Tiger Global; Kleiner Perkins in prior Series C (Businesswire)

Funding history (newest first)

Series D

2021-04 $425M

Source: Read source · businesswire.com

Series A

2017 $7M

Source: Read source · techcrunch.com

Investors in our directory

Funds linked from Brex's profile — open a fund page for stage focus and related deal articles.

andreessen-horowitz tiger-global-management ribbit-capital kleiner-perkins

Competitive landscape

Edge: Built for startups with cash-based underwriting rather than personal credit scores — first mover in startup corporate card category.

Startup fintech card market is crowded post-2020. Brex pivoted from early SMB focus toward mid-market and enterprise — competing with Ramp on spend management depth and integration breadth.

  • Ramp direct

    Fast-growing corporate card and spend management competitor with aggressive savings positioning.

  • Divvy (Bill.com) direct

    Card and expense management for SMBs, acquired by Bill.com.

  • American Express incumbent

    Legacy corporate card incumbent Brex disrupts for startups.

Notable stories

  • Brex founders sold Pagar.me before building the startup corporate card category.
  • First YC company to reach unicorn status at launch (2017).
  • Pivoted from SMB to mid-market as Ramp competition intensified.

Industries

fintech enterprise-saas

Market / IPO context

Editorial / static context — not a live quote.

FAQs about Brex

Practical answers founders, operators, and investors typically search for.

Brex offers corporate cards, expense management, bill pay, and banking services tailored to startups and mid-market companies with high growth and global spend.
Ribbit Capital (/fund/ribbit-capital) led the Series A; Andreessen Horowitz (/fund/andreessen-horowitz), Tiger Global (/fund/tiger-global-management), and Kleiner Perkins (/fund/kleiner-perkins) backed later rounds.
Both offer corporate cards and spend management; Brex targets high-growth companies, Ramp emphasizes savings and automation.
Growth stage — Series D ($425M, April 2021) was the last major disclosed round. Brex remains private.
Henrique Dubugras and Pedro Franceschi, who previously sold Pagar.me.
No — Brex remains a private company.
Brex has not publicly disclosed profitability.
Brex helped define the modern startup finance stack (card + spend + banking) and remains a reference customer map for fintech founders.
San Francisco, California.
Over $1.2B including $425M Series D in April 2021.
April 2021 — $425M led by Tiger Global.
Brex originally underwrote on company cash balance rather than founder personal credit scores.
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By Venture Capital Tracker

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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.