Brex was founded in 2017 by Pedro Franceschi and Henrique Dubugras. Brex has not publicly endorsed a plan to participate in an IPO.
Brex is a financial services company tailored to startup companies, offering business credit cards and fund management accounts. Per Forge data, Brex raised $1.5 billion in funding over 12 rounds. Their latest funding was raised on May 18, 2022, from a Series D round. Key investors include Greenoaks and Tiger Global Management.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/11/2022 | Series D-2 | $300MM | $xx.xx | $12.3B | Greenoaks Capital Partners, TCV | |
Price per Share
$xx.xx
Shares Outstanding
8,636,585
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Greenoaks Capital Partners, TCV
|
||||||
04/26/2021 | Series D | $480MM | $xx.xx | $7.72B | Tiger Global Management, TCV, GIC, Baillie Gifford, Madrone Capital Partners, Durable Capital Partners, Valiant Capital Management, Base10, Y Combinator, Ribbit Capital, DST Global, Greenoaks Capital Partners, Lone Pine Capital, IVP | |
Price per Share
$xx.xx
Shares Outstanding
21,258,870
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Tiger Global Management, TCV, GIC, Baillie Gifford, Madrone Capital Partners, Durable Capital Partners, Valiant Capital Management, Base10, Y Combinator, Ribbit Capital, DST Global, Greenoaks Capital Partners, Lone Pine Capital, IVP
|
||||||
05/19/2020 | Series C-2 | $285.86MM | $xx.xx | $2.78B | Kleiner Perkins, Y Combinator, Ribbit Capital, DST Global, Greenoaks Capital Partners, IVP, G Squared, Human Capital, Lone Pine Capital | |
Price per Share
$xx.xx
Shares Outstanding
26,605,642
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Kleiner Perkins, Y Combinator, Ribbit Capital, DST Global, Greenoaks Capital Partners, IVP, G Squared, Human Capital, Lone Pine Capital
|
||||||
10/05/2018 | Series C-1 | $530,862 | $xx.xx | $1.17B | DST Global, Greenoaks Capital Partners, IVP, Mindset Ventures, Peter Thiel, Ribbit Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
1,645,167
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
DST Global, Greenoaks Capital Partners, IVP, Mindset Ventures, Peter Thiel, Ribbit Capital, Y Combinator
|
||||||
10/05/2018 | Series C | $125MM | $xx.xx | $1.17B | DST Global, Greenoaks Capital Partners, IVP, Mindset Ventures, Peter Thiel, Ribbit Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
34,549,896
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
DST Global, Greenoaks Capital Partners, IVP, Mindset Ventures, Peter Thiel, Ribbit Capital, Y Combinator
|
||||||
04/03/2018 | Series B | $47.27MM | $xx.xx | $210.04MM | Carl Pascarella, EXOR Seeds, Max Levchin, One Way Ventures, Peter Thiel, Ribbit Capital, Y Combinator, Yuri Milner | |
Price per Share
$xx.xx
Shares Outstanding
42,358,034
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Carl Pascarella, EXOR Seeds, Max Levchin, One Way Ventures, Peter Thiel, Ribbit Capital, Y Combinator, Yuri Milner
|
||||||
04/20/2017 | Series A | $6.49MM | $xx.xx | $24.58MM | Carl Pascarella, Max Levchin, Peter Thiel, Ribbit Capital | |
Price per Share
$xx.xx
Shares Outstanding
38,044,466
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Carl Pascarella, Max Levchin, Peter Thiel, Ribbit Capital
|
||||||
03/20/2017 | SAFE 2 | $966,516 | $xx.xx | $15.66MM | Y Combinator, Human Capital | |
Price per Share
$xx.xx
Shares Outstanding
8,887,506
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Y Combinator, Human Capital
|
||||||
03/20/2017 | SAFE 1 | $100,006 | $xx.xx | $15.66MM | Y Combinator, Human Capital | |
Price per Share
$xx.xx
Shares Outstanding
928,824
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Y Combinator, Human Capital
|