Bilt Rewards Raises $150 Million to Turn Rent Payments Into Travel: Startup Funding Roundup
Photo Credit: Pictured: Isla Brown Chania Crete Resort in Greece, of the Curio Collection by Hilton. Bilt Rewards has partnered with the Hilton Honors loyalty program. Hilton
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Bilt lets users earn points for rent payments and exchange them for travel, and it's growing fast.
People love getting free stuff for money they're already spending, and Bilt Rewards is cashing in on that. Users get points for rent payments — typically a person's biggest monthly expense — that they can exchange for travel.
Bilt is among startups highlighted this week in travel sectors in need of modernization: Loyalty, vacation rentals, travel insurance, tours and attractions, and hospitality hiring.
Six startups involved in the travel industry announced fundraises totaling over $262 million.
Bilt Rewards: $150 MillionBilt Rewards, a loyalty platform that customers can use to book travel, has raised $150 million.
Teachers’ Venture Growth, the investment arm of Ontario Teachers' Pension Plan, led the round. Other investors included Vanderbilt University Endowment and the University of Illinois Foundation.
The company has now raised $563 million. Bilt in January raised $200 million, which valued the company at $3.1
