Brex

Financial Software · Salt Lake City, UT · Founded 2017 · Acquired/Merged (Operating Subsidiary)

Developer of a corporate finance platform designed to streamline business spending, banking, and accounting operations. Brex is based in Salt Lake City, UT and was founded in 2017. Its last known valuation is $5.2 billion (Apr 2026). It has raised $1.2 billion across 11 recorded rounds; the latest was a later-stage round in Aug 2025.

PA Mark · $/share
$12
Sep 2026
Implied valuation
$5.2B
Total raised
$1.2B
Last round
Later Stage VC
Aug 2025
What is Brex worth?
$5.2Blast known valuation

Brex last raised an undisclosed amount in its Later Stage VC (Aug 2025).

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The prices on Brex
  • ·The monthly marks chart, 43 months in dollars
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Valuation timeline

4 priced rounds · Jun 2019 – Jan 2022
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Later Stage VC (Series C)rounds hold their value until the next priced eventLater Stage VC (Series D2)
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Secondary market

monthly marks · 43 months · Jan 2023 – Jul 2026 · ended
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Jan 2023marks: indicative $/share, month-end · series ended Jul 2026Jul 2026
Monthly marks are a Pro feature — the shape is real, the numbers are waiting.Unlock 43 monthly marks

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Brex funding history

11 rounds
DateRoundRaisedPost-money
Aug 2025Later Stage VC—▮
Apr 2025Later Stage VC—▮
Jan 2025Debt - General$235.0M▮
Jan 2024Later Stage VC—▮
Dec 2022Secondary Transaction - Private—▮
Jan 2022Later Stage VC (Series D2)$320.0M▮
+ 5 earlier rounds · a free account shows the full history
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Brex valuation

Brex's last known valuation is $5.2 billion, from Apr 2026. The figure stands until a priced round, a secondary trade or an institutional fund mark prices the stock again.

Brex ranks 38th by valuation and 31st by capital raised among the private companies PrivateMarketView tracks.

How much has Brex raised?

Brex has raised $1.2 billion across 11 recorded rounds since 2019. The largest was a $480 million Series D in Apr 2021; the most recent was a later-stage round in Aug 2025. 4 of the rounds disclosed a post-money valuation.

Brex secondary market activity

A monthly secondary-market price series for Brex runs from Jan 2023 to Jul 2026 (43 months); the most recent quote is from Jul 2026.

Comparable companies

Comparable financial software names by valuation on PrivateMarketView: Figure Technology Solutions (NAS: FIGR) ($5.2 billion), Rapyd Financial Network ($4.5 billion) and Anchorage Digital ($4.2 billion).

How Brex's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Brex, we compose those signals into the PA Mark — a weighted composite of 1 recent pricing inputs, decayed by age and reset on new rounds. The implied valuation multiplies the mark by shares outstanding. Full methodology →

Frequently asked about Brex

What is Brex worth?
Brex's implied valuation is $5.2B, based on the PA Mark composite price of about $12 per share as of Sep 2026.
How much has Brex raised?
Brex has raised $1.2B in total funding across 11 recorded rounds.
When did Brex last raise?
Brex last raised in Aug 2025 (Later Stage VC).