General Catalyst leads $200M investment into Bilt Rewards, doubling its valuation to $3.1B

Bilt Rewards, whose platform aims to allow consumers to earn rewards on rent and daily neighborhood spend, has raised $200 million at a $3.1 valuation, the company announced today. General Catalyst led the financing, which more than doubles the New York-based company’s valuation compared to its $150 million October 2022 raise. Eldridge and existing backers…