Bilt Acquires Sports Loyalty Platform LAVA For $300 Million

Bilt acquired sports loyalty technology platform LAVA in a $300 million deal, expanding beyond housing into sports and entertainment. The acquisition adds relationships with 56 professional sports franchises and more than 300 technology integrations, strengthening Bilt’s network of 7 million members and 50,000 merchant partners. Founded by Ankur Jain, Bilt plans to integrate LAVA’s real-time loyalty, AI and customer engagement technology to connect sports teams, fans and neighborhood businesses.

SALE PRICE: $300,000,000

HQ: New York City, New York

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