Built Rewards raises $200 million in funding round led by General Catalysts

The chapter discusses the recent $200 million funding round raised by Built Rewards, a New York-based startup that rewards consumers on their rent. The funding round was led by General Catalysts and raised the company's valuation to $3.1 billion. The startup plans to use the funds to expand its rewards network to include small restaurants, grocery stores, dry cleaners, and other local merchants.