The San Francisco based provider of corporate credit cards to tech companies, startups (and their employees) is still agreeing to the terms of the deal, though Kleiner Perkins is expected to lead the round, represented by Mood Rowghani. It is believed that other participants in the round will include existing investors Greenoaks Capital, DST Global and IVP.
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Brex to raise Series D at valuation above $2 billion
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Bloomberg reports Brex is raising at a $2 billion valuation, though sources tell TechCrunch the company is still in negotiations with both new and existing investors. In response to a request for comment, Brex co-founder and chief executive officer Henrique Dubugras told TechCrunch they have no news to announce at this time.
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