Brex raises $120K in pre-seed round, partners with Zip
Summary
Brex raised $120K in a pre-seed round from Y Combinator and Human Capital, with additional participation from several partner investors. The post also highlights Brex’s later Series A and its partnership with Zip. The Zip relationship is framed as a way to reduce cash burn and support a path toward an IPO. The article is mostly a retrospective look at early financing and strategic positioning rather than a current operating update.
Funding
Amount
$120.0K
Total raised
Date
March 20, 2017
Announcement date
Investors
GE32 Capital, Ribbit Capital, Caffeinated Capital, Human Capital, Zip, Y Combinator
Lead investors
Company
brex.com
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
SaaS
Fintech Software
Financial Operations Software
Linked Companies
Brex
$100M to $250M