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Brex Opened a Seattle Office in 2024 and Planned to Double Its Local Team

Brex’s October 2024 Seattle office opening came with a plan to double its local workforce, but the reports do not confirm whether that target was met.
From TheFinanceBase Team2 min to read
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Brex opened a 6,000-square-foot Seattle office in October 2024 and said it planned to double its Seattle workforce over the next year. That was a hiring plan, not confirmation that the company reached the target. Capital One completed its acquisition of Brex in April 2026; the available reports do not establish Brex’s current Seattle headcount or office status.

What Brex announced in Seattle

GeekWire reported on October 2, 2024, that Brex had officially moved into a 6,000-square-foot office in Metropolitan Park West Tower, near downtown Seattle and Interstate 5. The company had around 35 employees in Seattle at the time and planned to double its local workforce over the following year. GeekWire’s October 2024 report describes the move and the plan.

The office was already in use before its public grand opening event. A Brex Startups Events listing gives December 11, 2024, as the date of the Seattle HQ grand opening.

Why the Seattle headcount figures differ

GeekWire’s earlier report, published June 14, 2024, put Brex’s Seattle workforce at around 60 employees and described the office as a hybrid workspace for a remote-first company. The October report instead cited around 35 employees. The June report and October report provide separate snapshots; they do not explain the difference. Neither number should be treated as a current count.

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Local expansion amid companywide cuts

The October story placed the Seattle hiring plan against a broader contraction: Brex had about 1,100 employees overall, according to GeekWire, and had laid off 20% of its staff earlier in 2024. Those company figures provide context for the contrast between planned local growth and cuts elsewhere; they do not show that the Seattle plan was completed.

What changed after the office announcement

Capital One announced a definitive agreement to acquire Brex on January 22, 2026, describing the transaction’s value as $5.15 billion. Capital One’s agreement announcement gives that initial figure. Capital One later said it completed the acquisition on April 7, 2026. Its completion announcement marked the closing.

Capital One’s second-quarter filing reports approximately $4.5 billion in total consideration paid, a closing-related measure that differs from the $5.15 billion value stated when the agreement was announced. The filing also includes Brex in Capital One’s Domestic Card business. Capital One’s SEC filings provide the later financial context.

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What is not established

The cited reports do not establish whether Brex doubled its Seattle workforce, whether it still occupies the Metropolitan Park West Tower office, or what its current Seattle headcount and operating model are. The October 2024 announcement is best understood as a historical office move and hiring intention, followed by an ownership change in 2026—not as a current hiring update.

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