Brex IPO status, timeline, valuation and S-1 filing tracker. Last updated July 2026.
| Industry | Fintech |
| Stage | Pre-IPO |
| IPO Status | Private |
| Valuation | $12.3B |
| Total Funding | $1.8B |
| Headquarters | San Francisco, CA |
| IPO Readiness Score | 69/100 |
| Founded | 2017 |
Track Brex IPO status, valuation updates, and S-1 filing milestones on TechStackIPO. Last updated July 2026.
Brex is the financial technology company providing corporate cards, expense management, and banking services to startups and enterprises. Valued at $12.3B with $1.8B raised, Brex generates $1B+ in annual revenue and has expanded from startups to mid-market and enterprise clients. Competes with Ramp, Divvy, and Amex in the $100B+ corporate card and spend management market. IPO candidate as B2B fintech consolidation accelerates.
Brex has filed an S-1 registration statement with the SEC in March 2026, signaling active preparation for a public listing. Companies that reach the S-1 filing stage typically price their IPO within 3–6 months of filing, though market conditions, regulatory review, and investor demand can affect the timeline. TechStackIPO monitors all S-1 amendments, pricing updates, and roadshow activity for Brex.
Brex is valued at $12.3B based on the most recent private market data. The company has raised a total of $1.8B in funding. Private market valuations are determined by the latest funding round and may differ from eventual IPO pricing, which reflects public market conditions, investor demand, and comparable company multiples at the time of listing.
Funding rounds from seed through latest — Series A, B, C and beyond.
| Round | Date | Amount | Valuation | Lead Investor(s) |
|---|---|---|---|---|
| Seed | Jan 2017 | $7M | $50M | Y Combinator, Peter Thiel |
| Series A | Apr 2018 | $57M | $220M | Kleiner Perkins, Greenoaks Capital |
| Series B | Jun 2018 | $125M | $1.1B | Ribbit Capital, DST Global |
| Series C | Oct 2019 | $100M | $2.6B | Kleiner Perkins, Greenoaks Capital |
| Series D | Jan 2021 | $300M | $7.4B | Tiger Global, Dragoneer |
| Series D-1 | Apr 2021 | $425M | $12.3B | Tiger Global, Greenoaks Capital |
Total funding raised: $1.8B
Bear / base / bull scenarios based on current private market valuation and comparable IPO multiples.
| Scenario | Est. Valuation | Basis |
|---|---|---|
| Bear | $10.1B | Compressed multiples, delayed listing |
| Base | $12.3B | Last private round valuation |
| Bull | $18.9B | Strong market, premium AI/tech multiple |
Estimates are illustrative. Not investment advice. All figures based on publicly available data.
Brex has an IPO readiness score of 69/100 on TechStackIPO. A moderate readiness score suggests the company may be 2–4 years from IPO.
Brex's last known private valuation is $12.3B. IPO valuations typically reflect current market conditions at time of listing and may differ from private market valuations.
Pre-IPO access options may include: (1) secondary market platforms such as Forge Global or EquityZen that facilitate private share sales, (2) ETFs holding pre-IPO companies or venture portfolios, and (3) direct secondary share purchases if eligible as an accredited investor. TechStackIPO tracks availability but does not facilitate investments.
Yes. Brex has filed an S-1 registration statement with the SEC on March 12, 2026.
Brex operates in the Fintech sector. TechStackIPO tracks multiple Fintech companies from seed through IPO, including their funding rounds, valuations, and IPO readiness scores. You can compare Brex against other Fintech companies using TechStackIPO's comparison tool.
Brex is at the Pre-IPO stage. The company has raised a total of $1.8B in funding. Companies at this funding stage are typically scaling operations, expanding market share, and evaluating public market timing.
Brex is headquartered in San Francisco, CA. The company's location can influence IPO exchange selection, regulatory requirements, and investor interest. Companies headquartered in major tech hubs often benefit from proximity to venture capital networks and talent pools.