“We didn’t open up to new ones because we had so many new investors with deep pockets who we’d promised we’d give more allocation to over the years,” Dubugras told TechCrunch. “They were comfortable that we had hit the targets we said we were going to so that gave us some credibility to them.”

https://techcrunch.com/2022/01/11/brex-confirms-12-3b-valuation-hires-meta-exec-to-serve-as-its-chief-product-officer/