Brex Current · Verified less than 14 days ago · Last verified: Oct 19, 2026

Brex: $12.3B valuation, IPO Readiness 82, Pre-IPO. Filed S-1 with the SEC on September 2026 — IPO actively in progress. Track live on The IPO Stack.

Pre-IPOFintechfiled
82
/100
IPO Readiness Score
Grade B — High IPO Readiness
TechStackIPO proprietary score based on funding scale, valuation, stage progression & momentum.
Track Brex →

Brex is the financial technology company providing corporate cards, expense management, and banking services to startups and enterprises. Valued at $12.3B with $1.8B raised, Brex generates $1B+ in annual revenue and has expanded from startups to mid-market and enterprise clients. Competes with Ramp, Divvy, and Amex in the $100B+ corporate card and spend management market. IPO candidate as B2B fintech consolidation accelerates.

Valuation
$12.3B
Total Funding
$1.8B
Stage
Pre-IPO
Sector
Fintech
Headquarters
San Francisco, CA
CEO
Henrique Dubugras
IPO Status
filed

Funding History

January 2017
Seed
$7M
April 2018
Series A
$57M
June 2018
Series B
$125M
October 2019
Series C
$100M
January 2021
Series D
$300M
April 2021
Series D-1
$425M
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Track Brex IPO timeline, funding rounds, investor activity, and valuation on TechStackIPO — the pre-IPO intelligence platform.

Frequently Asked Questions

When is Brex going public? +

Brex filed its S-1 registration statement with the SEC on September 18, 2026. The IPO timeline depends on SEC review and market conditions. Track the latest signals on TechStackIPO.

What is Brex's current valuation? +

Brex is valued at $12.3B as of April 2021. This valuation is based on its most recent private funding round tracked by TechStackIPO.

How can I invest in Brex before IPO? +

Accredited investors can access Brex shares through secondary market platforms, pre-IPO investment funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace tracks available access options. Note: pre-IPO investments carry higher risk and limited liquidity compared to public market investing.

What is Brex's IPO Readiness Score? +

Brex scores 82/100 (Grade: B) on TechStackIPO's IPO Readiness Index. The score evaluates funding scale, valuation trajectory, funding momentum, stage progression, and company maturity. Scores above 70 indicate strong near-term IPO potential.

Has Brex filed for an IPO? +

Yes — Brex filed an S-1 registration statement with the SEC on September 18, 2026, indicating an active IPO process.

How much total funding has Brex raised? +

Brex has raised $1.8B in total venture capital and private equity funding, with backing from Y Combinator, Peter Thiel, Kleiner Perkins.

Who are Brex's key investors? +

Brex's notable investors include Y Combinator, Peter Thiel, Kleiner Perkins, Greenoaks Capital, Ribbit Capital. Full investor details, funding round history, and lead investor breakdowns are available on TechStackIPO.

What sector is Brex in? +

Brex is a Fintech company. Brex is the financial technology company providing corporate cards, expense management, and banking services to startups.

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