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Corporate Card Co. Brex Nabs $100M In Latest Funding Round

Law360 (June 11, 2019, 4:03 PM EDT) -- Corporate credit card startup Brex said Tuesday that it has raised $100 million from a group of investors led by Kleiner Perkins Digital Growth Fund in a funding round that values the San Francisco-based business at roughly $2.6 billion.

In addition to Kleiner Perkins Digital Growth Fund, Brex received capital contributions from Y Combinator Continuity, Ribbit Capital, DST Global, Greenoaks Capital and IVP, according to a statement. The $2.6 billion valuation was confirmed by a representative for Brex.

Mood Rowghani, general partner at Kleiner Perkins Digital Growth Fund, said in the press release that "we are investing behind Brex’s fundamental vision...

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