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Report: Brex close to securing funding for $2B valuation

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Report: Brex close to securing funding for $2B valuation

Brex Inc., a company that provides corporate credit cards to technology companies, startups and their employees, is about to secure funding that would raise its valuation to more than $2 billion, Bloomberg reported, citing people familiar with the matter.

The funding round is expected to be led by Kleiner Perkins and will include existing investors Greenoaks Capital, DST Global and IVP, according to the news outlet.

Brex completed a $125 million series C funding round in 2018, bringing the company's valuation to $1.1 billion.