Bilt Rewards, a loyalty program that enables users to earn points on rent payments and other expenses, has successfully completed a funding round, raising $200 million. Led by venture capital firm General Catalyst, the investment has more than doubled the startup's valuation to $3.1 billion. The company's board has welcomed new members, including former American Express CEO Kenneth Chenault as chairman and NFL Commissioner Roger Goodell. Bilt Rewards, founded by CEO Ankur Jain, has formed partnerships with major real estate firms such as Greystar, Related, LeFrak, and AvalonBay, contributing to its positive cash flow and EBITDA profitability. The investment round also saw contributions from Eldridge, Prosus Ventures, Camber Creek, and Left Lane Capital.
A startup that allows consumers to earn rewards on the rent they pay, @BiltRewards, said it has raised $200M at a $3.1B valuation — more than double its previous valuation. https://t.co/TOCqrZU8HE
1/ @kairoshq incubated @BiltRewards raises $200M @ $3.1B valuation! Big ups to Bilt Founder/CEO @ankurjain_2 and big bro @AlexFiance https://t.co/gTAS8bfEEK
.@kairoshq incubated @BiltRewards raises $200M @ $3.1B valuation! Big ups to Bilt Founder/CEO @ankurjain_2 and big bro @AlexFiance... As well as this talented team. I'm a longtime happy customer... Bilt allows you to earn rewards on rent and daily neighborhood spend…
🚀 We're proud to support the rapid growth of @BiltRewards with their latest investment round. Congratulations to @ankurjain_2 and the rest of the BILT team as they continue to make a difference for renters! https://t.co/F4Vn6ig3Bb
Feels like a ZIRP throwback round almost: $200M equity, doubling valuation in 15 months, big-name investors, 🏈commish on board But looks like there is traction in this case: Bilt has deals w Greystar, Related, LeFrak, AvalonBay. Cash-flow ++ and EBITDA profitability. https://t.co/DNe9Duqplq
Glad for @BiltRewards (@ankurjain_2 @dmwyler Dan Seder) as they continue to expand their ambitions to provide an excellent set of products to consumers & real estate owners alike. The @AcrewCapital team is fired up for the company. https://t.co/Va8Rnm6Xuf
Feels like a ZIRP throwback round almost: $200M round, doubling valuation in 15 months, big-name investors, 🏈commish on board https://t.co/9BHMmpMxvL
Kudos to our portfolio company @BiltRewards on their latest $200M capital raise, led by @generalcatalyst with contributions from Eldridge, @Prosus_Ventures, @Camber_Creek, and Left Lane. Kenneth Chenault and Roger Goodell will be joining the company's board alongside Harley… https://t.co/4Eghv4huh7
⚠️ BILT REWARDS VALUED AT $3.1 BILLION AFTER GENERAL CATALYST-LED FUNDRAISE (Reuters) Loyalty program Bilt Rewards said on Wednesday it had more than doubled its valuation to $3.1 billion after its latest funding round led by venture capital firm General Catalyst. Launched in…
What does a next-gen Payments Rewards Network look like? Enter @BiltRewards, a platform that allows users to earn points on rent & more. We're thrilled to lead its $200M round & welcome @ankurjain_2 & team to the GC family! GC's @ChenaultKen has been appointed chairman. More…
Bilt Rewards scores $3.1 billion valuation, adds Roger Goodell, Ken Chenault to board https://t.co/FxSD6wwAjB https://t.co/VlOuVIA5lb
General Catalyst leads $200M investment into Bilt Rewards, doubling its valuation to $3.1B https://t.co/9byTMIfKhN by @bayareawriter https://t.co/p4Fbfh0HWy
Bilt Rewards raises equity in a transaction that more than doubles the startup’s valuation to $3.1 billion https://t.co/2O4Fq1NpN2
'FROM THE BODEGA' » The @BoredApeYC Announced A New Initiative To Spotlight Its Made By Apes Builders! The full story here: https://t.co/7qyucRiLCR
FROM THE BODEGA ✊ IP building is one of my favorite facets of BAYC. This is why I’m very glad to see BAYC, @illaDaProducer, & team doing weekly spaces to highlight MBA buildooors 🏗️ I feel like this is just the start Watch them take MBA brands from the Bodega to the world 🌏 https://t.co/DRBbcA5SEA
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