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Brex Raises $425M in Series D Funding

Brex, a San Francisco, CA – based financial service and technology company, raised a $425m Series D funding. The round, which valued the company at over $7.4 billion, was led by Tiger Global with participation from new investors TCV, GIC, Baillie Gifford, Madrone Capital Partners, Durable Capital Partners LP, Valiant Capital Management and Base10, and existing major investors Y Combinator Continuity, Ribbit Capital, DST Global, Greenoaks Capital, Lone Pine Capital and IVP.  The company intends to use the funds to continue to expand operations and its business reach. Founded by Brazilians Henrique Dubugras and Pedro Franceschi in 2017, Brex provides a corporate card for venture backed businesses and an all-in-one platform for small and medium sized businesses (SMBs) and larger organizations to manage their finances via a combination of payment and cash management services, expense management and bill pay software

Fintech Brex Raises $425 Million Series D, Now Valued at Over $7 4 Billion

Fintech Brex Raises $425 Million Series D, Now Valued at Over $7.4 Billion Financial management platform for businesses Brex has closed on a $425 million Series D funding round led by Tiger Global. This funding now brings Brex’s valuation to over $7.4 billion according to a statement by the company. Additional investors include new backers TCV, GIC, Baillie Gifford, Madrone Capital Partners, Durable Capital Partners LP, Valiant Capital Management, and Base10. All existing major investors participated in the funding round including Y Combinator Continuity, Ribbit Capital, DST Global, Greenoaks Capital, Lone Pine Capital and IVP. Henrique Dubugras said their investors believe in the team, business model, and vision:

Valiant Invested in Facebook Before It Went Public — And Now It s Cashed Out

Valiant Invested in Facebook Before It Went Public — And Now It s Cashed Out
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