Total amount raised
$33.5 Millions
Latest funding date
Location
Title
BILT has successfully raised significant funding over multiple rounds, with its latest being a Series B. The platform offers 3D interactive instructions for assembly, installation, and maintenance, enhancing user experience across various industries.
Keep reading to explore the intricacies of BILT's fundraising journey and the investors backing this innovative platform.
What Is BILT?
BILT, founded in 2015, is headquartered in Grapevine, Texas. The company was established by Ahmed Qureshi, Nathan Henderson, and Paul Ratcliffe.
Specializing in 3D interactive instructions, BILT offers a mobile app that guides users through assembly, installation, and maintenance processes. The app serves various industries, including consumer electronics, furniture, and appliances.
With a team of 51-100 employees, BILT continues to innovate in the realm of customer experience, providing detailed, step-by-step instructions to enhance user satisfaction.
How Much Funding Has BILT Raised?
- Series B
- Amount Raised: $21M
- Date: December 2024
- Lead Investors: Silverton Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations to meet the increasing demand for 3D interactive and extended reality (XR) immersive instructions.
- Grant
- Amount Raised: $1.7M
- Date: July 2022
- Lead Investors: AFWERX
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development of innovative 3D instruction technologies for government applications.
- Venture Round
- Amount Raised: $9M
- Date: July 2021
- Lead Investors: Silverton Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Venture Round
- Amount Raised: $1.8M
- Date: July 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and increase user engagement.
Total Amount Raised: $33.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Silverton Partners
- Details: An early-stage investment firm based in Austin, Texas. They have a strong track record of supporting innovative startups.
- Investment Focus Areas: Consumer, healthcare, enterprise, fintech.
- Notable Investments: SpareFoot, The Zebra, TurnKey Vacation Rentals.
- Amex Ventures
- Details: The venture capital arm of American Express. They focus on strategic investments that can enhance commerce and customer experience.
- Investment Focus Areas: Innovative platforms, commerce opportunities, customer experience.
- Notable Investments: Plaid, Stripe, Instacart.
- Fifth Growth Fund
- Details: A venture capital firm that participates in growth-stage investments. They aim to support companies with high growth potential.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Silicon Valley Bank
- Details: A high-tech commercial bank that provides various financial services. They are known for their focus on high-growth technology and life sciences companies.
- Investment Focus Areas: Technology, life sciences, financial services.
- Notable Investments: Pinterest, Fitbit, Roku.
What's Next for BILT?
With the recent $21 million Series B funding, BILT is poised to capitalize on the growing demand for 3D interactive and extended reality (XR) immersive instructions. The company plans to expand into new categories and industries, enhancing customer experience for consumer, commercial, and government clients. Leveraging partnerships like the one with American Express, BILT aims to unlock new commerce opportunities and drive discovery of new parts and accessories.
Future fundraising opportunities seem promising, given the successful Series B round and the involvement of strategic investors like Silverton Partners and Amex Ventures. As BILT continues to grow, it may attract further investment rounds to support its expansion and technological advancements. However, scaling operations to meet increasing demand and maintaining the quality of 3D instructions across a growing number of SKUs and brands will be critical challenges. Navigating competition in the 3D instructions and XR market will also require continuous innovation and strategic planning.
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