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BREX
Brex
Financial technology (corporate cards and spend management) · San Francisco, California · United States · Founded · 2017 · ≈ · 1,100 · employees

Brex Funding — Last Valued at $5.2B

Acquired

Brex has raised $6.3B across 8 funding rounds, plus 1 undated round. The latest round valued Brex at $5.2B tender, with Capital One Financial on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Brex funding · at a glance
Total raised, all rounds
$6.3B
some round sizes not disclosed
Funding rounds
8
plus 1 undated round
Latest round
$5.2B
tender · Apr 2026
Lead on that event
Capital One Financial
lead investor
2026
About Brex

Brex raised a $425 million Series D round led by Tiger Global before Capital One agreed in January 2026 to acquire the company outright, a deal that closed in April 2026 and folded Brex into Capital One as a subsidiary.

Funding timeline

The Brex funding timeline

8 funding rounds, the latest highlighted.

2017
Brex founded

Brex was founded in 2017, United States.

UNDATED
Pre-Seed

No date is disclosed for this round.

APR 2017
Series A

A primary round — the company sells new shares to investors it selects. Led by Ribbit Capital.

Valuation basisAmountPrice / shareLeadRibbit Capital
JUN 2018
Series B

Ribbit Capital, Peter Thiel, Max Levchin. $50M raised, led by Y Combinator Continuity.

Valuation basisAmount$50MPrice / shareLeadY Combinator Continuity
OCT 2018
Series C at $1.1B post-money

A primary round — the company sells new shares to investors it selects. $125M raised, led by Greenoaks Capital, DST Global, Institutional Venture Partners.

Valuation basispost-moneyAmount$125MPrice / shareLeadGreenoaks Capital, DST Global, Institutional Venture Partners
JUN 2019
Series C-2 at $2.6B post-money

Existing holders DST Global, IVP, Y Combinator and Greenoaks also participated. $100M raised, led by Kleiner Perkins.

Valuation basispost-moneyAmount$100MPrice / shareLeadKleiner Perkins
MAY 2020
Series C extension

A primary round — the company sells new shares to investors it selects. $150M raised.

Valuation basisAmount$150MPrice / shareLead
APR 2021
Series D at $7.4B post-money

A primary round — the company sells new shares to investors it selects. $425M raised, led by Tiger Global.

Valuation basispost-moneyAmount$425MPrice / shareLeadTiger Global
OCT 2021
Series E at $12.3B post-money

A primary round — the company sells new shares to investors it selects. $300M raised.

Valuation basispost-moneyAmount$300MPrice / shareLead
APR 2026LATEST
Acquisition at $5.2B tender

A primary round — the company sells new shares to investors it selects. $5.2B raised, led by Capital One Financial.

Valuation basistenderAmount$5.2BPrice / shareLeadCapital One Financial
STATUS: ACQUIRED

No longer independent.

Funding rounds

Brex funding rounds in full

8 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Acquisition LATEST
Apr 2026
$5.2B
$5.2Btender
—
Capital One Financial
—
Series E
Oct 2021
$300M
$12.3Bpost-money
—
—
—
Series D
Apr 2021
$425M
$7.4Bpost-money
—
Tiger Global
—
Series C extension
May 2020
$150M
—
—
—
—
Series C-2
Jun 2019
$100M
$2.6Bpost-money
—
Kleiner Perkins
existing holders DST Global, IVP, Y Combinator and Greenoaks also participated
Series C
Oct 2018
$125M
$1.1Bpost-money
—
Greenoaks Capital, DST Global, Institutional Venture Partners
—
Series B
Jun 2018
$50M
—
—
Y Combinator Continuity
Ribbit Capital, Peter Thiel, Max Levchin
Series A
Apr 2017
—
—
—
Ribbit Capital
—
Pre-Seed
—
$120K
$1.7Mpost-money
—
Y Combinator
—
Brex · investors

Investors

Y CombinatorLEADCCapital One FinancialLEADTiger GlobalLEADKleiner PerkinsLEADGreenoaks CapitalLEADDST GlobalLEADIInstitutional Venture PartnersLEADY Combinator ContinuityLEADRibbit CapitalLEADPPeter ThielMMax Levchin

Frequently asked questions

Who are Brex's competitors?›

The closest financial technology (corporate cards and spend management) peers are on the competitors page.

How can I get exposure to Brex?›

The routes section explains what is realistically available for a company at this stage.

Is Brex publicly traded?›

No. Brex was acquired by Capital One; its shares do not trade independently.

What is Brex's valuation?›

The last valuation is $5.2B (tender, Apr 2026).

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