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Total amount raised
$813M
Latest funding date
2025-07-10
Location
Bilt Rewards has successfully raised significant funding, achieving a valuation of $1.5 billion as of October 2022. The platform offers a unique rewards program that allows renters to earn points on rent payments and provides additional benefits within their local neighborhoods.
What Is Bilt Rewards?
Bilt Rewards, founded in June 2021, operates in the FinTech, loyalty programs, real estate, and rental property industries. The company is headquartered in New York, New York, and was founded by Ankur Jain.
With an employee count ranging from 101 to 250, Bilt Rewards offers a unique program that allows renters to earn points on rent payments. These points can be used for various benefits, including travel, fitness classes, and home decor collections.
How Much Funding Has Bilt Rewards Raised?
- Pre-Seed Round
- Amount Raised: $300K
- Date: February 2019
- Lead Investors: Kairos HQ
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial foundation and develop the core concept of the rewards program.
- Seed Round
- Amount Raised: $3M
- Date: September 2020
- Lead Investors: Kairos HQ
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and prepare for market entry.
- Venture Round
- Amount Raised: $60M
- Date: September 2021
- Lead Investors: Wells Fargo, Mastercard (co-lead strategic investors)
- Valuation at Round: $350 million
- Motivation Behind the Round: To scale the loyalty program and credit card for renters, with backing from major financial institutions and real estate owners.
- Series B
- Amount Raised: $150M
- Date: October 2022
- Lead Investors: Left Lane Capital
- Valuation at Round: $1.5 billion
- Motivation Behind the Round: To advance Bilt Rewards' loyalty program and credit card for renters, achieving unicorn status.
- Venture Round
- Amount Raised: $200M
- Date: January 2024
- Lead Investors: General Catalyst
- Valuation at Round: $3.1 billion
- Motivation Behind the Round: To expand the Bilt Rewards Alliance across multifamily, single-family, and student housing, and grow the Neighborhood Rewards program.
- Venture Round
- Amount Raised: $150M
- Date: August 2024
- Lead Investors: Teachers' Venture Growth (TVG)
- Valuation at Round: Not publicly disclosed for this round (prior round valued company at $3.1 billion)
- Motivation Behind the Round: To expand the neighborhood loyalty program and scale the resident loyalty program.
- Venture Round
- Amount Raised: $250M
- Date: July 2025
- Lead Investors: General Catalyst, GID
- Valuation at Round: $10.75 billion
- Motivation Behind the Round: To accelerate the housing and neighborhood commerce platform, with United Wholesale Mortgage investing $100M as a strategic partner.
Total Amount Raised: at least $813M based on disclosed funding.
Current Valuation: $10.75 billion
Key Investors
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in transformative companies across various stages and sectors. They co-led the $250 million funding round in July 2025 alongside GID, and previously led the $200 million round in January 2024.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Airbnb, Stripe, Snap.
- GID
- Details: GID is a real estate investment and management company operating across multifamily, industrial, development, and credit capabilities. GID co-led the July 2025 $250 million round and was an early investor in Bilt's 2021 venture round.
- Investment Focus Areas: Real estate, multifamily, industrial.
- Notable Investments: Not publicly disclosed.
- Teachers' Venture Growth
- Details: Teachers' Venture Growth is the late-stage venture and growth investment arm of Ontario Teachers' Pension Plan. They led the $150 million funding round in August 2024.
- Investment Focus Areas: Late-stage venture, growth investments.
- Notable Investments: Not publicly disclosed.
- Left Lane Capital
- Details: Left Lane Capital is a venture capital firm focused on high-growth internet and consumer technology companies. They led the $150 million Series B funding round in October 2022.
- Investment Focus Areas: Consumer technology, internet, software.
- Notable Investments: Not publicly disclosed.
- Kairos HQ
- Details: Kairos HQ is a venture capital firm focused on solving the world's biggest problems through innovative startups. They led Bilt Rewards' earliest funding rounds in 2019 and 2020.
- Investment Focus Areas: Healthcare, real estate, financial technology.
- Notable Investments: Not publicly disclosed.
- Eldridge
- Details: Eldridge is a holding company that invests in various industries. They participated in the $200 million funding round in January 2024 alongside General Catalyst.
- Investment Focus Areas: Insurance, asset management, technology, sports, media, real estate, consumer.
- Notable Investments: Cain International, Security Benefit, Stonebriar Commercial Finance.
What's Next for Bilt Rewards?
As Bilt Rewards continues to expand, the opportunities ahead are vast. The platform's growth into single-family homes, condominiums, and the inclusion of mortgage payments could significantly increase its user base. Additionally, the neighborhood loyalty program's expansion to include more merchants, especially in essential categories like healthcare, gas, and groceries, presents a substantial market opportunity.
Given the rapid growth and the platform's increasing annual spend, future fundraising rounds seem likely. These funds could support further expansion and scaling, attracting more institutional investors and endowments. However, Bilt Rewards may face challenges such as managing rapid growth, integrating new categories, and maintaining high user engagement amidst competition from other loyalty programs.
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