# Brex Closes $250 Million Employee Liquidity Program

Announcing the closing of a a $250 million private tender offer led by Y Combinator.

**URL Source:** https://www.brex.com/journal/employee-liquidity-program

---

Brex Closes $250 Million Employee Liquidity Program

Today, we are pleased to announce the closing of a $250 million private tender offering. This tender offer was intended primarily for our employees to recognize their hard work over these past five years and the support they’ve given to Brex. With their contributions Brex has grown into a strong, global business.



The transaction was led by Y Combinator with participation from other investors, such as Mubadala Investment Company and Baillie Gifford, at a $12.3 billion valuation, consistent with Brex’s primary capital raise at the end of 2021. The confidence and support from our investors is not something we take for granted, and we are thankful for the partnership and commitment we’ve experienced over the years, which validate our mission of helping growing companies realize their full potential.

![Tender Offer Blog](https://brand.brex.com/transform/ab848188-0b21-42fd-8b0d-859846d480cf/Tender-Offer-Blog)

We’ve never been more optimistic about Brex’s future. With the recent introduction of our new software platform [Brex Empower](https://www.brex.com/empower/), our push into serving [global workforces](https://www.brex.com/global/), and with much more on the horizon, our ability to help companies create a culture of trust and financial discipline at scale has never been stronger.  


We know that this is not an easy time for tech companies given the volatile market environment, and we are overwhelmed with the incredible support, confidence, and trust we continue to receive from our investors and customers.



And above all, we are grateful to all of our Brex team members, who never stop pushing and inventing on behalf of our customers.



Onwards and upwards!



Henrique

## Related Articles

### [Customers who switched from Ramp to Brex](https://www.brex.com/journal/customers-who-switched-from-ramp-to-brex)

The Capital One deal makes Brex stronger than ever, and companies using Ramp are reassessing their finance stack. See examples of Ramp customers who moved to Brex.

### [How CFOs are thinking about software purchases today](https://www.brex.com/journal/how-cfos-are-thinking-about-software-purchases-today)

As they do more to control spend, CFOs should be asking these questions before approving a new SaaS tool.

### [The essential guide to ERP integration](https://www.brex.com/journal/finance-erp-integration)

Connecting your ERP software with your spend management system is essential for reducing human error and clunky processes.

### [Financial reporting best practices](https://www.brex.com/journal/financial-reporting-best-practices)

Experts share their top hacks for increasing data accuracy and driving trust with modern financial reporting. 

### [BrexPay for Navan Announcement](https://www.brex.com/journal/brex-navan-partnership)

The CEOs of Brex and Navan discuss how their partnership unlocks 100% travel payment reconciliation for enterprise companies.

### [Business travel reimagined: The modern way to do T&E](https://www.brex.com/journal/business-travel-reimagined)

It took a technology partnership and an overhaul of the entire process to create Brex travel, but business travel is finally good again.