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New Deal


Announced

Completed

Tiger Global led a $425m Series D round in Brex.

Financials

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Transaction Value£306m
Consideration TypeCash
Capital Owned-
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

United States

Acquisition

FinTech

Completed

Venture Capital

Cross Border

Single Bidder

Private

Friendly

financial systems

Private Equity

Synopsis

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Tiger Global led a $425m Series D round in Brex, which offers business credit cards and cash management accounts to technology companies. The round includes participation from new investors TCV, GIC, Baillie Gifford, Madrone Capital Partners, Durable Capital Partners, Valiant Capital Management and Base10 Partners, with participation from all existing major investors including Y Combinator, Ribbit Capital, DST Global, Greenoaks Capital, Lone Pine Capital and IVP. “Our investors - new and existing - believe in our team, our business model, our product vision, our customers, and the future of Brex. We are delighted to have them on board for the next phase of our journey. This new investment round will fuel our growth as we continue to build out an all-in-one financial solution for all businesses,” Henrique Dubugras, Brex Co-CEO.

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