Key Metrics
Company Snapshot
Brex is based in San Francisco, CA, founded 2017 by Pedro Franceschi, Henrique Dubugras. Latest valuation $5.15B (Capital One acquisition price) (As of Jan 22, 2026, TechCrunch).
Recent changes
- Jan 22, 2026Jan 22, 2026Valuation fell from $12.3B to $5.15B (Capital One acquisition price) TechCrunch
- Jan 1, 2022Jan 1, 2022Raised an undisclosed amount Series D-2 at a $12.3B valuation TechCrunch
- Jan 1, 2022Jan 1, 2022New investor: Baillie Gifford TechCrunch
- Jan 1, 2022Jan 1, 2022New investor: TCV TechCrunch
- Jan 1, 2022Jan 1, 2022New investor: GIC TechCrunch
Earlier changes (6)
- Jan 1, 2022Jan 1, 2022New investor: Base10 Partners TechCrunch
- Jan 1, 2022Jan 1, 2022Valuation rose from $12.3B (2022 private mark — now a >55% discount) to $12.3B TechCrunch
- 20222022First reported valuation: $12.3B (2022 private mark — now a >55% discount) CNBC — Capital One is buying Brex for $5.15 billion
- Jan 1, 2018Jan 1, 2018Raised $7M Series A TechCrunch
- Jan 1, 2018Jan 1, 2018New investor: Y Combinator TechCrunch
- Jan 1, 2018Jan 1, 2018New investor: Ribbit Capital TechCrunch
Funding History
2 events · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jan 1, 2022 | Series D-2 | — | $12.3B | TCVGICBaillie GiffordBase10 PartnersMadrone Capital PartnersDurable Capital PartnersValiant Capital Management | TechCrunch |
| Jan 1, 2018 | Series A | $7M | — | outlined = lead | TechCrunch |
Underlying values
| As of | Value | Method | Source |
|---|---|---|---|
| Jan 22, 2026 | $5.15B (Capital One acquisition) | Estimated | CNBC — Capital One is buying Brex for $5.15 billion |
| Jan 22, 2026 | $5.15B (Capital One acquisition price) | Reported | TechCrunch |
| Jan 1, 2022 | $12.3B | Reported | TechCrunch |
| 2022 | $12.3B (2022 private mark — now a >55% discount) | Reported | CNBC — Capital One is buying Brex for $5.15 billion |
Investors
Value Add Research
- Startup Operations · Aug 24, 2026Ramp vs Brex in 2026: Which Corporate Card Wins for Your Startup
- SaaS & Business · Aug 20, 20265 Best Startup Banks — Mercury vs Brex (2026)
- Startup Operations · Aug 10, 2026Mercury vs Brex — Startup Bank Comparison
- Startup Operations · May 1, 2026Mercury $5M vs Brex $6M vs Meow $125M FDIC (2026)
- Startup Operations · May 1, 2026Ramp vs Brex vs Airbase: 1.5% Cashback, $0 Fees?
- Market & Trends · Feb 25, 2026Why Capital One Spent $5B+ to Buy Brex
Related Companies
Shared investors
Trace's Take
Brex's arc is the cautionary tale of the 2021 fintech bubble: a $12.3B mark built on zero-rate money, sold four years later for $5.15B once Ramp out-executed it on product speed and Brex burned cash on a pivot from startups to larger enterprises. Capital One buying it isn't a failure story so much return to gravity — a real bank picking up a proven card-and-software stack at a fraction of peak price. The read-through for founders: 2021-era valuations were never the floor, and 'strategic acquirer at a discount' is now a normal, even good, outcome for late-stage fintech.
Sources & methodologyshow
Where these figures come from
- TechCrunchmajor outlet3 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.