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New Deal


Announced

Completed

Greenoaks Capital and TCV led a $300m Series D-2 funding round in Brex.

Financials

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Transaction Value£220m
Consideration TypeCash
Capital Owned-
Capital Bid For2%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Completed

Private

Acquisition

FinTech

United States

financial systems

Venture Capital

Domestic

Minority

Friendly

fintech

Synopsis

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Investment companies Greenoaks Capital and Technology Crossover Ventures led a $300m Series D-2 funding round in Brex, a fintech company. “We are grateful for the ongoing commitment and belief our investors have in Brex, and for the opportunity to continue to invest in how we serve our customers. As we expand our product portfolio, we are incredibly lucky to have Karandeep join the team to lead this important initiative. Karandeep understands our customers and knows how to build and scale business products with consumer-grade ease to meet the needs of fast-growing companies," Henrique Dubugras, Brex Co-CEO.

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