Glorify secures £30.3m Series B funding led by SoftBank Latin America Fund to roll out new social prayer features.
The Series B round was led by SoftBank Latin America Fund to support product development and social features.
Glorify provides a mobile application designed to help Christians build daily prayer routines and deepen their spiritual connection. The firm is headquartered in London and serves millions of active users worldwide.
London-based faith technology developer Glorify has secured £30.3m in Series B funding to expand its social prayer features. The investment round was led by SoftBank Latin America Fund, reinforcing its previous backing of the business as the spiritual technology sector attracts increasing user interest.
The capital infusion follows a company consumer study indicating that a significant majority of individuals intend to rely on prayer and meditation to manage anxiety. Co-founded by Ed Beccle and Henry Costa, the enterprise intends to utilise the proceeds to enhance its product offering and connect Christian communities globally.
With millions of active participants already utilising the platform, the latest financing brings the total capital raised by the company to over £64m equivalent. The business continues to scale its operations internationally from its base in the capital.
From the founder
"People are searching for greater meaning in this time of unrest and uncertainty,"
Henry Costa
co-founder and co-CEO at Glorify
Investor perspective
"Glorify has the potential of being absolutely huge,"
Paulo Passoni
Managing Partner, SoftBank Latin America Fund
Use of funds
- 01Continue product development