Bilt is a fintech company that runs a payments and rewards network for renters. It lets users earn points on rent payments and redeem them with merchants and travel partners.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$10.75B
Series B, Dec 2024, Perplexity
UpMarket Estimate
$10B
Based on UpMarket valuation model
Previous Price
$10.75B
Series B Dec 2024
How to Invest in BILT Through UpMarket
BILT shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available BILT offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Jul 2025
Series Growth 4
$10.75B
Dec 2024
Series B
$10.75B
Jan 2024
Series A
$10.75B
Why Investors Are Watching BILT
Growth Signal
Bilt says annualized revenue reached $200M on 5M+ members
Startup Intros says Bilt serves more than 5 million members and generates about $200 million in annualized revenue. The same source says the platform processes roughly $45 billion in annual rent and HOA payments, showing large transaction scale.
Competitive Moat
Bilt has a large payment network tied to rent and HOA flows
Bilt operates a rewards network that integrates property managers, local merchants, and redemption partners, which can make the platform sticky across tenants and landlords. Startup Intros estimates the network processes about $45 billion in annual rent and HOA payments, giving Bilt a deep embedded payments footprint.
Market Opportunity
Bilt closed a $250M round at a $10.75B valuation
Finovate reported that Bilt raised $250 million in new funding, bringing total capital raised to $813 million. The round lifted Bilt to a $10.75 billion valuation, highlighting investor confidence in a large market opportunity.
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No. As of March 2026, BILT is a private company and does not trade on any public stock exchange. Accredited investors can access BILT shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
BILT does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in BILT shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. BILT shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Bilt runs a fintech payments and rewards network for renters, with 5M+ members and $200M in annualized revenue, while its $10B valuation reflects scaling traction — accredited investors can access BILT stock through UpMarket.