# Brex funding: rounds and investors > Brex has raised $517M across 4 rounds since 2018. Investors include IVP, DST Global and Greenoaks. Every round with its source. Source: https://millionrounds.com/company/brex (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # 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 Services Fintech Valuation: $12B, Mar 2026 Y Combinator: W17 Funding summary Updated 26 Oct 2026 **$517M** raised across 4 rounds since 2018, from 4 sources **$57M** Series B **$125M** Series C **$100M** Round **$235M** Debt - **Latest round:** Debt, $235M Jan 2025 - **Step-up i:** 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. 2019 2020 2021 2022 2023 2024 2025 **$57M** Series B **$125M** Series C **$100M** Round **$235M** Debt - **First round:** Series B, $57M - **Biggest round:** $235M - **Usual gap between rounds:** 8 months [**Brex** Fintech 1 / 19 Their pitch deck **Brex's pitch deck, 19 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/brex) ## The rounds - **Jan 2025** Debt **$235M** *7 new* *1 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [SV Angel](https://millionrounds.com/fund/sv-angel) [Citibank](https://millionrounds.com/fund/citi) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) [IVP](https://millionrounds.com/fund/ivp) [TCV](https://millionrounds.com/fund/tcv) [Base10 Partners](https://millionrounds.com/fund/base10-partners) Source recorded - **Jun 2019** Round **$100M** *3 new* *3 returning* [Kleiner Perkins Digital Growth Fund](https://millionrounds.com/fund/kleiner-perkins-digital-growth-fund) Lead [IVP](https://millionrounds.com/fund/ivp) [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) [DST Global](https://millionrounds.com/fund/dst-global) [Greenoaks](https://millionrounds.com/fund/greenoaks) [Y Combinator Continuity](https://millionrounds.com/fund/y-combinator-continuity) Reported by FinSMEs - **Oct 2018** Series C **$125M** *2 new* [DST Global](https://millionrounds.com/fund/dst-global) [Greenoaks](https://millionrounds.com/fund/greenoaks) Reported by FinSMEs - **Jun 2018** Series B **$57M** *6 new* [Peter Thiel](https://millionrounds.com/fund/peter-thiel) [Yuri Milner](https://millionrounds.com/fund/yuri-milner) [Max Levchin](https://millionrounds.com/fund/max-levchin) [Y Combinator Continuity](https://millionrounds.com/fund/y-combinator-continuity) [Carl Pascarella](https://millionrounds.com/fund/carl-pascarella) VC Ribbit 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 B** 2018 **Series C** 2018 **Round** 2019 **Debt** 2025 [IVP](https://millionrounds.com/fund/ivp) [DST Global](https://millionrounds.com/fund/dst-global) [Greenoaks](https://millionrounds.com/fund/greenoaks) [Y Combinator Continuity](https://millionrounds.com/fund/y-combinator-continuity) [Kleiner Perkins Digital Growth Fund](https://millionrounds.com/fund/kleiner-perkins-digital-growth-fund) L [Y Combinator](https://millionrounds.com/fund/y-combinator) [SV Angel](https://millionrounds.com/fund/sv-angel) [Citibank](https://millionrounds.com/fund/citi) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) ## Everyone who backed them [IVP](https://millionrounds.com/fund/ivp) VC firm **2** rounds [DST Global](https://millionrounds.com/fund/dst-global) Private equity **2** rounds [Greenoaks](https://millionrounds.com/fund/greenoaks) VC firm **2** rounds [Y Combinator Continuity](https://millionrounds.com/fund/y-combinator-continuity) VC firm **2** rounds [Kleiner Perkins Digital Growth Fund](https://millionrounds.com/fund/kleiner-perkins-digital-growth-fund) Investment firm **1** round, led 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round [SV Angel](https://millionrounds.com/fund/sv-angel) VC firm **1** round [Citibank](https://millionrounds.com/fund/citi) Growth equity **1** round [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) VC firm **1** round [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) Corporate VC **1** round [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) VC firm **1** round [TCV](https://millionrounds.com/fund/tcv) Private equity **1** round [Base10 Partners](https://millionrounds.com/fund/base10-partners) VC firm **1** round [Peter Thiel](https://millionrounds.com/fund/peter-thiel) Angel **1** round [Yuri Milner](https://millionrounds.com/fund/yuri-milner) VC firm **1** round [Max Levchin](https://millionrounds.com/fund/max-levchin) VC firm **1** round [Carl Pascarella](https://millionrounds.com/fund/carl-pascarella) Angel **1** round VC Ribbit no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=brex). ## 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 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app