Ontario Teachers’ Pension Plan backs Bilt, now valued at US$3.25 billion

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Ontario Teachers’ Pension Plan backs Bilt, now valued at US$3.25 billion
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Bilt Rewards, the customer-loyalty program provider that converts rental payments into points for airline miles, hotel stays, restaurant meals and other perks, has raised US$150 million in additional equity funding led by Ontario Teachers’ Pension Plan.

August 01, 2024 at 6:40PM EDT --

“We’re building a differentiated platform that benefits residents, landlords, and local businesses,” he said. Through the extension, he added, Bilt can raise another $50 million from strategic investors, subject to board approval. Jain said members in all 50 U.S. states are spending $30 billion on its platform annually, a 50 per cent jump from the $20 billion figure Bloomberg News reported at the start of the year.

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