This article highlights the top 10 funding rounds of the week, with a focus on two major deals: Recurrent Energy and Bilt Rewards.
Recurrent Energy, a utility-scale solar and energy storage project development company, secured a $500 million preferred equity investment from BlackRock. This funding will be used to grow its project development pipeline. Bilt Rewards, a New York-based startup that allows consumers to earn rewards on rent payments, raised $200 million at a $3.1 billion valuation. The company plans to expand its network to include local dining, grocery stores, ridesharing, and other retail purchases.
Other notable funding rounds include BillingPlatform, a fintech company that raised $90 million, ElevenLabs, a voice AI startup that raised $80 million, and Accent Therapeutics and LB Pharmaceuticals, both biotech companies that raised $75 million each.
Overall, the article emphasizes the growing trend of investors opening their wallets and making significant investments across various sectors, including clean tech, fintech, AI, and health care.
