Dec 27th, 2021.9pm
According to market research firm PitchBook Data, venture capital funding for religious, primarily Christian, apps has increased from $6.1 million in 2016 to $48.6 million in 2020 and $175.3 million in 2021.
There is a Bible and a phone.
The Godong/Universal Images Group is part of the Universal Images Group.
Hallow, a for-profit app that has raised $50 million this year, helps users to build a routine of prayer and counter the Bible more profoundly.
The Hallow features content from figures like actor Jonathan Roumie, who portrayed Jesus in the miniseries "The Chosen", and Bishop Robert Barron, an author and speaker.
The SoftBank Latin America Fund invested in the app, which was aimed at Christians in general.
Secular meditation andMindfulness, which in December 2020 raised $75 million at a valuation of $2 billion, are still struggling to catch up with explicitly religious apps.
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According to a study published in January, 28% of Americans said their religious faith had been strengthened by the swine flu. According to the Wall Street Journal, leaders of various Christian denominations are planning for a hybrid future with permanent online services.
The Wall Street Journal reported that the rector of the Basilica of the National Shrine of the Immaculate Conception in Washington believes that Hallow should ask for donations. The religious app should not be for-profit. Prayer is always free.
There is a structure called the Tangent.
The Wall Street Journal reported that many Christian apps see less activities on Sunday, indicating that worshipers use the apps in addition to in-person gatherings, not as a replacement.
Hallow, a religious app for Catholics, talks about religious platforms drawing investor attention.
The Wall Street Journal said that religion is attracting a wave of venture investment.
Christians are decreasing as more adults are not affiliated with any religion.
