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Brex

405 Howard St, Suite 200
San Francisco, CA 94105
USA
(844) 725-9569
Website Company Summary Management Team
Management

CEO: Henrique Dubugras (3/31/2017) ; Bruce Wallace (2/22/2021)
General Management: Karen Tillman (10/22/2021) ; Pedro Franceschi (3/31/2017)
Finance: Kevin Moore (4/30/2018) ; Michael B Tannenbaum (7/31/2017)
Technology: Cosmin Nicolaescu (1/10/2019) ; Karandeep Anand (01/11/2022)
Sales/Marketing: Doug Adamic
General Counsel/Legal: Vince Cogan
Board

Company

Business description: Brex is reimagining financial systems so every growing company can realize their full potential. With an innovative approach to corporate credit cards and cash management, Brex creates a radically better way for their customers to save and spend money. We help startups of all sizes (from recently incorporated to later-stage companies) to instantly get a card that has 20x higher limits, completely automates expense management, kills receipt tracking and magically integrates with their accounting systems. Brex was founded by Henrique Dubugras and Pedro Franceschi, two engineers who previously founded Pagar.me, one of the largest payment processors in Brazil with over $1.5 billion in GMV. Brex has raised over $400M in funding and is backed by partners including Y Combinator Continuity, Kleiner Perkins, the founders of PayPal (Max Levchin and Peter Thiel), Y Combinator, Ribbit Capital, Yuri Milner, and Carl Pascarella (former CEO of Visa).
Capital

Rounds: 9
Recent Fundings: Jan 2022   Oct 2021
Capital raised: 1457.10M
Last Round: 300.0M
Ownership: Private  
VCs include: Kleiner Perkins TCV Madrone Capital Partners GIC ;  existing investors;  Ribbit Capital ;  Valiant Capital Management Caffeinated Capital Baillie Gifford Greenoaks Capital Base10 Partners Bond ;  Durable Capital Partners Lone Pine Capital ;  Existing investor: Greenoaks Capital
Private equity: DST Global
Other investors: eMotion

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Overview
Record updated: Aug 2022
Sector: FinTech
Year Founded: 2017
Headcount: 1251-1600 as of Aug 2022
Rounds: 9
Recent Fundings: Jan 2022   Oct 2021
Capital Raised: 1457.10M
Last Round: 300.0M
Ownership: Private