# Brex Closes $125 Million Series C with Investment from Greenoaks, DST Global and IVP Brex, the first corporate card for startups, announced today the close of a $125 million Series C funding round led by Greenoaks Capital, DST Global and IVP. **URL Source:** https://www.brex.com/journal/press/series-c --- SAN FRANCISCO, CA - October 5, 2018 - Brex, the first corporate card for startups, announced today the close of a $125 million Series C funding round led by Greenoaks Capital, DST Global and IVP. Building off the momentum from its innovative underwriting and onboarding experience tailored to startups, Brex is further investing in enhancing its features, including its rewards launch later this fall. ![Henrique and Pedro, Brex 2019 ](https://brand.brex.com/transform/3344e6a2-614d-4c0f-bd18-b5f778a25c2a/Henrique-Pedro-Press-2019) “We started Brex to provide a superior corporate card to startup founders failed by legacy products,” said Henrique Dubugras, co-founder and CEO of Brex. “With this fresh funding, we are able to enhance our growth efforts and continue to benefit founders and operators, particularly those who are unable or hesitant to personally guarantee their company’s corporate card.” As the only non-personally guaranteed small business card offering in the marketplace, the Brex corporate card has become a critical part of the stack of solutions that powers startups. Since its June 2018 public launch, Brex has been investing in the core features that drive early stage technology companies to its products: instant online signup, limits 10 to 20 times higher than traditional card offerings and embedded expense and receipt management. Now, Brex will in part use its new funding to offer an ambitious rewards program tailored to the needs and spending patterns of its customers. “Brex has the opportunity to delight its customers with instant onboarding, seamless expense management and customized rewards programs that are deeply relevant to companies, founders and startups today,” said Greenoaks’ Managing Partner Neil Mehta. “Brex is simplifying financial access for small and medium businesses beginning with startups. We are delighted to partner with Henrique and the Brex team as they build the next generation of credit card products,” added DST Global Managing Partner Saurabh Gupta. “Brex is off to one of the most exciting starts we’ve ever seen due to a combination of exceptional products, viral adoption by the target customer base and missionary founders focused on building for the long term,” added IVP’s Somesh Dash. ## Related Articles ### [Brex and Tekion Partner to Bring Embedded Spend Management to the Modern Auto Dealership ](https://www.brex.com/journal/press/brex-for-tekion-spend) Brex is the first fully embedded corporate card and spend management solution that delivers a native spend management experience designed for automotive dealer groups. ### [Brex Helps Power OpenAI Global Spend and Financial Operations](https://www.brex.com/journal/press/brex-helps-power-open-ai-global-spend-and-financial-operations) OpenAI is using Brex to help run their global spend and financial operations. ### [Brex launches AI-native accounting API](https://www.brex.com/journal/press/brex-launches-ai-native-accounting-api) Brex's AI-native Accounting API automates workflows end-to-end and enables deeper integrations with ERP systems and other key integration partners. ### [Brex x FTB](https://www.brex.com/journal/press/brex-announces-partnership-with-fifth-third-bank) Intelligent finance for the businesses that power America: Brex and Fifth Third Bank unite to deliver AI-native corporate cards and automation at unprecedented scale. ### [Brex Announces Partnership with Oracle as First Fintech Global Issuer to Power B2B Payments in Oracle Fusion Cloud ERP](https://www.brex.com/journal/press/brex-announces-partnership-with-oracle-fusion) Powering the future of enterprise payments: Brex is the first fintech embedded in Oracle Cloud ERP, enabling global companies to pay suppliers instantly and intelligently. ### [Brex Announces Launch of Stablecoin Payments](https://www.brex.com/journal/press/brex-announces-launch-of-stablecoin-payments) Powering the next generation of business: Brex will be the first global corporate card to offer instant balance payments with stablecoins, helping customers operate globally with speed.