How Much Did Brex Raise? Headquarters, Funding & Key Investors

Brex has raised over $1.2 billion across numerous rounds, starting with a $120K pre-seed (2017), followed by a $7M Series A, $57M Series B, and three major Series C rounds totaling $375M from investors such as DST Global, Greenoaks, and Kleiner Perkins. Additional capital included $300M and $425M Series D rounds, plus multiple debt financings $100M (2019), $200M (2019), and later $235M in 2025. With a valuation reaching $12.3B, Brex rapidly evolved into a global spend-management powerhouse offering corporate cards, payments, and financial automation for scaling businesses.

How Much Did Brex Raise? Funding & Key Investors

Brex provides an integrated spend-management and corporate finance platform designed for startups, enterprises, and global teams. The company offers corporate cards, expense automation, budgeting workflows, and cash management tools, all built into a unified SaaS ecosystem. Their modern financial stack connects corporate cards, bank accounts, payments, and accounting systems to streamline financial operations.

What Is Brex and What Does It Do?

Brex, founded in 2017 by Henrique Dubugras and Pedro Franceschi, is headquartered in San Francisco, United States. The company operates as a SaaS-driven financial platform that offers corporate cards, spend management, and cash management tools for businesses.

Brex employs 501-1000 employees and integrates credit cards, banking, accounting, and payments into a single platform, enabling companies to manage workflows, automate expenses, and gain real-time financial visibility.

Its ecosystem includes corporate cards, virtual accounts, bill pay, reimbursements, travel management, budgeting software, and AI-powered automation to unify global financial operations for fast-scaling businesses.

How Much Funding Has Brex Raised?

1. Pre-Seed Round

Amount Raised: $120K
Date: March 2017
Lead Investors: Y Combinator
Motivation: To develop early prototypes and launch the first version of Brex.

2. Series A

Amount Raised: $7M
Date: April 2017
Lead Investors: Ribbit Capital
Motivation: To expand the core team and accelerate product development.

3. Series B

Amount Raised: $57M
Date: June 2018
Lead Investors: Y Combinator
Motivation: To scale operations and enhance platform capabilities.

4. Series C

Amount Raised: $125M
Date: October 2018
Lead Investors: DST Global, Greenoaks
Motivation: To support rapid growth and expand market presence.

5. Debt Financing

Amount Raised: $100M
Date: April 2019
Lead Investors: Barclays Investment Bank
Motivation: To provide liquidity for operational scaling.

6. Series C

Amount Raised: $100M
Date: June 2019
Lead Investors: Greenoaks, Kleiner Perkins
Motivation: To accelerate expansion and develop new financial tools.

7. Debt Financing

Amount Raised: $200M
Date: December 2019
Lead Investors: Credit Suisse
Motivation: To strengthen financial reserves and support growth initiatives.

8. Series C

Amount Raised: $150M
Date: May 2020
Lead Investors: DST Global
Motivation: To continue platform enhancements and increase scale.

9. Series D

Amount Raised: $300M
Date: January 2021
Lead Investors: Greenoaks, TCV
Motivation: To support high customer demand and global expansion.

10. Series D

Amount Raised: $425M
Date: April 2021
Lead Investors: Tiger Global Management
Motivation: To expand the software suite and accelerate enterprise adoption.

11. Conventional Debt

Amount Raised: $235M
Date: January 2025
Motivation: To reinforce the balance sheet and expand lending capacity.

Total Funding Raised: $1.2 BIllion

Current Valuation: $12.3 Billion (as of October 2021)

Latest Funding Date: January 2025

Key Investors

1. Tiger Global

Details: Global investment firm known for backing leading technology and internet companies.
Investment Focus Areas: Internet, software, consumer, fintech.
Notable Investments: Facebook, LinkedIn, Stripe.

2. Y Combinator

Details: Premier startup accelerator providing seed funding and mentorship.
Investment Focus Areas: Early-stage technology startups.
Notable Investments: Airbnb, Dropbox, Stripe.

3. Ribbit Capital

Details: Venture capital firm reshaping the financial services industry globally
Investment Focus Areas: Fintech, financial services.
Notable Investments: Robinhood, Coinbase, Revolut.

4. DST Global

Details: Investment firm backing late-stage technology companies worldwide.
Investment Focus Areas: Internet, marketplaces, software.
Notable Investments: Facebook, Twitter, Alibaba.

Where Is Brex’s Headquarters?

Brex is headquartered in San Francisco, California, an innovation hub that enables access to fintech talent, top-tier engineering talent, and proximity to world-class financial and technology partners.

What’s Next for Brex?

Brex is positioned to deepen its global footprint with its expanding suite of spend-management tools, including Brex Premium and advanced financial automation products. With strong enterprise adoption and accelerating customer onboarding, Brex is expected to expand beyond corporate cards into a full financial operations stack. Its substantial capital base, including the recent $235M debt round, reinforces growth runway as the company continues scaling embedded finance and AI-powered financial workflows.

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