# Welcoming Karan and our Series D-2 Round Welcoming Karan as our Chief Product Officer and announcing our Series D-2 round **URL Source:** https://www.brex.com/journal/welcoming-karan-and-our-series-d-2-round --- ![BB-karan-hero](https://brand.brex.com/transform/eb8b34c1-d21a-420a-bc52-e6b712147429/BB-karan-hero) # Welcoming Karan and our Series D-2 Round Today, we have two exciting announcements to share. First, we are really excited to welcome Karandeep Anand to Brex as our Chief Product Officer. Finding the right person to lead the Product org is an incredibly challenging feat. But since Henrique and I met Karan, we were impressed from the very beginning. To start, Karan’s credentials speak for themselves, after spending almost 7 years at Meta leading the business products division, and serving over 200 million businesses globally. Prior to Meta, Karan spent 15 years at Microsoft where he worked extensively in the cloud computing and platform realm. As companies grow, it’s easy to find leaders who are great at managing large teams, but less so operating at all levels and staying connected to the details that matter to customers. What impressed us immediately upon meeting Karan was not just his leadership skills, but also his customer orientation and technical depth. Henrique and I are excited to continue learning from Karan’s experience, and we’re so fortunate to have him join us. Finally, we have another exciting update — we closed a Series D-2 funding round of $300 million, led by Greenoaks Capital and TCV, at a valuation of $12.3 billion. This new funding, along with Karan’s leadership, will enable us to accelerate even further our plans to deliver a financial operating system for every growing company. Since we launched in 2018, the journey of building Brex has been nothing short of amazing. Four years ago, companies had an impossible time getting access to credit cards, business accounts, or decent spend management software. Today, we’re fortunate to serve tens of thousands of customers, processing tens of billions of dollars every year for the most ambitious companies on the planet. I am always struck by how cool it is to have a front row seat watching our customers redefining so many industries. Henrique and I are incredibly grateful to each of our customers, employees and investors for the continued support and trust. Thanks for being a part of our journey. Onwards! ## Related Articles ### [Incode case study](https://www.brex.com/resources/customer/incode) Incode is saving 8 hours per month on reconciliation and seeing 60% improvement in policy compliance by switching to Brex for all-in-one expense management. ### [How to streamline corporate expenses with lodge cards](https://www.brex.com/journal/lodge-cards) Looking to improve your travel expense management? Discover the automation, visibility, and anti-fraud benefits of lodge cards. ### [The end of the trade-off: How AI agents broke the onboarding trilemma](https://www.brex.com/journal/rebuilding-onboarding-ai-native) Brex rebuilt onboarding as an AI-native, multi-agent system and can now onboard customers in minutes, with greater accuracy and scale. ### [Human-I-T case study](https://www.brex.com/resources/customer/human-i-t) Discover how the nonprofit Human-I-T is able to streamline its accounting with the help of Brex, allowing it to divert more e-waste from landfills. ### [📋 B2B payments](https://www.brex.com/resources/future-of-b2b-payments-register) More companies are moving away from checks and ACH transfers to pay their vendors. Our ebook explains why corporate cards are the future of B2B payments. ### [📋 AI Budget IDC Report](https://www.brex.com/resources/cfos-future-proofing-ai-budget) Learn how real CFOs are planning and budgeting for AI to future-proof their finance function — and their business.