Corporate card startup Brex has raised $1.2B to date. Its 2018 pitch deck, which cites CB Insights data on startups’ monthly spends, helped the company raise its Series C — which vaulted it into the unicorn club.
Brex’s latest valuation puts it at $7.4B. Although the company had to lay off 62 employees amid the pandemic, it raised a $425M Series D round in April 2021, as it saw its customer base grow 80% in Q1’21 and the race to prove dominance in the corporate spending category accelerate.
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