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 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: https://www.businesswire.com/news/home/20210406005467/en/

Series A

2017 $7M

Source: https://techcrunch.com/2017/10/05/brex-is-the-first-startup-unicorn-to-come-out-of-yc/

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

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.