Bilt, a rent payment platform, has announced a $200 million investment that has doubled its valuation to $3.1 billion. The funding round was led by General Catalyst, with the firm’s chairman and managing director, Ken Cheneault, becoming Bilt’s new chairman. In addition, NFL Commissioner Roger Goodell has joined the board of the proptech firm. Bilt allows users to pay rent with a credit card and build a credit history in the process. The company has partnerships with major apartment building owners and its rewards for payments within its network can be used for various purposes, including rent, hotel stays, and even down payments on home purchases.
Explosive $200M Funding Boost Supercharges Bilt’s Rent Platform Growth
Latest from Blog
Arch Venture Partners secures over $3bn for Fund XIII
TLDR: Arch Venture Partners has raised over $3 billion for Fund XIII. Investors in the fund include Alaska Permanent Fund and Rockefeller Brothers Fund. In a recent development, Arch Venture Partners has
Raising Your First Venture Fund: Tips for Success
TLDR: Samir Kaji, a seasoned venture capital professional, shares a six-point plan for raising a venture fund as a first-time fund manager. Key steps include staying focused on a niche, not worrying
Exploring China’s Quantum Computing Breakthrough and VC Trends
TLDR: ONCO stock surged over 80% in pre-market after Altos Venture acquired a stake Chinese low float stocks like DUO rose over 40% in sympathy with large caps Summary: The article discusses
The Blindspot: Venture Capitalists’ Go-To Tool with Fatal Flaw
TLDR: Nader Al-Naji, founder of Bitclout, was arrested for an alleged crypto scam involving VC giant Andreessen Horowitz as a victim. VCs’ pattern matching led them to invest in Al-Naji despite red
Korean startups seek corporate investors in challenging ecosystem climate
TLDR: Korean startups are seeking corporate investors as funding becomes harder to secure. The government in South Korea has relaxed CVC rules to attract more foreign investment. Korean startups are facing a