Brex Raises $150 Million During Middle of Pandemic

Brex has announced a significant $150 million round at a time when fintech funding has slowed significantly; the round was all traditional equity and contained no debt financing; the round pegs the valuation of the company at around $3 billion according to co-CEO Henrique Dubugras; the round included Lone Pine Capital as well as many existing investors; Brex last raised $200 million in debt back in December and was in a strong capital position even before the pandemic; Henrique Dubugras shares his view on the state of the company in this article from Business Insider. Business Insider

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