Wilson Sonsini-Guided Fintech Brex Nabs $425M In Funding
Law360 (April 26, 2021, 8:34 PM EDT) -- Corporate card company Brex said Monday it raised $425 million in a funding round guided by Wilson Sonsini Goodrich & Rosati PC that values the business software company at $7.4 billion.
San Francisco-headquartered Brex Inc. said the funds would go toward growing its business. Including the latest round, the company has raised over $940 million in venture capital to date, a company representative told Law360.
Brex provides corporate cards, business accounts and expense tracking software, among other offerings, according to its website. Roughly 45% of Brex's customers are small and midsize businesses, the announcement said.
"This new investment round will fuel...
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