United States · Funded startup

Who invested in Brex

4 rounds we have observed, with the 18 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial ServicesFintech

Valuation: $12B, Mar 2026Y Combinator: W17

Funding summaryUpdated 26 Oct 2026

$517Mraised across 4 rounds since 2018, from 4 sources

$57MSeries B$125MSeries C$100MRound$235MDebt
Latest round
Debt, $235MJan 2025
Step-upi
2.4×
Investors
18 (1 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019202020212022202320242025
$57MSeries B$125MSeries C$100MRound$235MDebt
First round
Series B, $57M
Jun 2018
Biggest round
$235M
Debt · Jan 2025
Usual gap between rounds
8 months
the median of 3
BrexFintech1 / 19Their pitch deckBrex's pitch deck, 19 slidesEach slide read for what it argues, against the decks that raised at the same stage.

The rounds

  1. Jan 2025
    Debt$235M7 new1 returning

    Source recorded

  2. Jun 2019
    Round$100M3 new3 returning

    Reported by FinSMEs

  3. Oct 2018
    Series C$125M2 new

    Reported by FinSMEs

  4. Jun 2018
    Series B$57M6 new

    Reported by FinSMEs

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Series B2018Series C2018Round2019Debt2025IVPDST GlobalGreenoaksY Combinator ContinuityKleiner Perkins Digital Growth FundLY CombinatorSV AngelCitibankKleiner PerkinsEndeavor Catalyst

Everyone who backed them

IVPVC firm2rounds
DST GlobalPrivate equity2rounds
GreenoaksVC firm2rounds
Y Combinator ContinuityVC firm2rounds
Kleiner Perkins Digital Growth FundInvestment firm1round, led 1
Y CombinatorAccelerator1round
SV AngelVC firm1round
CitibankGrowth equity1round
Kleiner PerkinsVC firm1round
Endeavor CatalystCorporate VC1round
Ribbit CapitalVC firm1round
TCVPrivate equity1round
Base10 PartnersVC firm1round
Peter ThielAngel1round
Yuri MilnerVC firm1round
Max LevchinVC firm1round
Carl PascarellaAngel1round
VC Ribbitno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Brex

Who invested in Brex?

Brex's investors include IVP, DST Global, Greenoaks, Y Combinator Continuity and Kleiner Perkins Digital Growth Fund, and 13 more on record.

How much has Brex raised?

Brex has raised $517M across 4 rounds since 2018.

When did Brex last raise?

Brex's most recent round was a Debt of $235M in Jan 2025.

What was Brex's biggest round?

Its most recent round, $235M in Jan 2025, is also its largest on record.

Who backed Brex first?

Brex's first round on record, in Jun 2018, was backed by Peter Thiel, Yuri Milner and Max Levchin and 3 others.

What stage is Brex at?

Brex's latest named round is a Debt, in Jan 2025.

Where is Brex based?

Brex is based in the United States.

Who led Brex's rounds?

Kleiner Perkins Digital Growth Fund led the Undisclosed round in 2019.

Companies like Brex

In the same sector, and raised in the last eighteen months.

Kalshi$2.7B · Oct 2026xPay$1.5M · Oct 2026STRIVE$1.3B · Oct 2026Coast$77M · Oct 2026Whop$400M · Oct 2026CapitalOS$52M · Oct 2026

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