Bilt Rewards has raised substantial capital across multiple funding rounds, most recently securing $250 million in July 2025 during its Series B round, bringing the company’s valuation to $10.8 billion. Founded in 2021, Bilt Rewards offers an innovative platform that allows renters to earn points on rent payments, creating a pathway toward homeownership while also providing perks in travel, fitness, and lifestyle.
What Is Bilt Rewards and What Does It Do?
Bilt Rewards, founded by Ankur Jain in 2021, is a U.S.-based loyalty platform headquartered in New York, New York. The company enables renters to earn points on rent payments, providing a unique path toward homeownership while offering additional perks like travel rewards, fitness benefits, and lifestyle credits.
Bilt Rewards partners with major real estate owners across the United States, covering over two million rental units, and employs between 101 and 250 people. The platform also features the Bilt World Elite Mastercard, which allows rent payments without fees. By combining seamless rewards with financial and lifestyle benefits, Bilt Rewards has positioned itself as a leading solution for renters looking to maximize the value of their monthly payments.
How Much Funding Has Bilt Rewards Raised?
1. Pre-Seed Round
- Amount Raised: $300K
- Date: February 2019
- Lead Investors: Kairos HQ
- Motivation: To develop the initial platform and concept for renter rewards.
2. Seed Round
- Amount Raised: $3M
- Date: September 2020
- Lead Investors: Kairos HQ
- Motivation: To expand the team and build core features of the rewards program.
3. Venture Round
- Amount Raised: $60M
- Date: September 2021
- Lead Investors: Kairos HQ
- Motivation: To launch the Bilt Rewards program and form strategic partnerships with property owners.
4. Series B
- Amount Raised: $250M
- Date: July 2025
- Lead Investors: Left Lane Capital
- Motivation: To expand the loyalty program, enhance credit card offerings, and scale the platform.
Total Funding Raised: $563.3 Million
Current Valuation: $3.2 Billion (as of July 2025)
Latest Funding Date: July 2025
Key Investors
1. Teachers’ Venture Growth (TVG)
- Details: The growth investment arm of the Ontario Teachers’ Pension Plan, focused on late-stage, high-impact ventures.
- Investment Focus Areas: Late-stage venture, growth investments
- Notable Investments: SpaceX, Epic Games, Bilt Rewards
2. General Catalyst
- Details: Venture capital firm investing in transformative companies with strategic guidance and long-term support.
- Investment Focus Areas: Technology, consumer, healthcare, financial services
- Notable Investments: Airbnb, Stripe, Snap Inc.
3. Eldridge
- Details: A diversified holding company investing across technology, media, and real estate sectors.
- Investment Focus Areas: Technology, media, real estate, insurance
- Notable Investments: DraftKings, Security Benefit, Cain International
4. Vanderbilt University Endowment & University of Illinois Foundation
- Details: Institutional investors managing diversified portfolios to support long-term growth and sustainability.
- Investment Focus Areas: Education, research, and long-term investment sustainability
- Notable Investments: Stash, Bilt Rewards
Where Is Bilt Rewards Headquarters?
Bilt Rewards is headquartered in New York, New York, a strategic location that supports its partnerships with real estate owners, financial institutions, and lifestyle brands across the United States.
What’s Next for Bilt Rewards?
Bilt Rewards plans to expand its platform to cover single-family homes and condominiums and explore mortgage-related rewards. The neighbourhood loyalty program, already featuring 21,000 restaurants and 3,500 fitness studios, is poised to expand further into sectors such as healthcare, groceries, and essential services.
Future funding rounds are expected to fuel this ambitious expansion, while the company focuses on delivering a seamless user experience and staying ahead in the competitive loyalty program landscape. With a $3.2 billion valuation and firm investor backing, Bilt Rewards is well-positioned to redefine renter rewards and homeownership pathways.
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