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- Hallow
Hallow Valuation, Funding & Investors
Hallow is valued at $465M as of May 2023.
Last Hallow valuation
$465M
Series C · May 2023
Last Hallow funding round
$50M
Series C · May 2023
Cumulative funding Hallow raised
$105M
across 4 funding rounds
Key investors in Hallow
Uncork Capital
Contrary
Susa Ventures
General Catalyst
FJ Labs
Liquid 2 Ventures
About Hallow
Hallow is a Chicago-based mobile application for Catholic prayer, meditation, and spiritual formation. Launched in 2018, the app delivers daily audio-guided sessions, scripture reflections, examen prayers, and bedtime content narrated by priests, musicians, and public figures. Available on iOS and Android with offline access, Hallow supports multiple languages including Spanish and offers challenges like Lent devotionals. The platform fosters communal prayer through shared groups and live events.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Valuation
$465M (May 2023)
Hallow Valuation
Hallow is currently valued at $465M, based on its Series C in May 2023.
The $50M round was led by Goodwater Capital, with participation from Highland Capital Partners, Colin Moran and Uncork Capital.
Hallow's valuation has grown 8.5x from $55M at its Series A in April 2021 to $465M in May 2023, across 2 priced rounds.
Hallow valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2023 | Series C | $465M |
| Apr 2021 | Series A | $55M |
Hallow Funding History
Hallow has raised a total of $105M across 4 funding rounds.
Hallow's first fundraising round was a $3M seed round in November 2019. The most recent completed round was a $50M Series C in May 2023.
Hallow funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2023 | Series C | Goodwater Capital (lead); Highland Capital Partners; Colin Moran; Uncork Capital | $50M | $465M | Hallow is a Catholic meditation and prayer app that provides audio-guided content combining meditation with spiritual growth through prayer, having surpassed 10 million downloads and ranking #3 in the App Store as the first faith-based app to break the top 10. On May 18, 2023, it closed a $50 million Series C funding round led by Goodwater Capital, with participation from Highland Capital Partners, Colin Moran, and existing investors, bringing total funding raised to $105 million. The round supports expanded investment in building daily prayer habits, team growth, and partnerships with faith leaders and celebrities like Jonathan Roumie, Fr. Mike Schmitz, Bishop Robert Barron, and Mark Wahlberg. The funding occurred amid challenging market conditions for startups, highlighting strong investor alignment with Hallow's mission as a Public Benefit Corporation guided by prayer and faith advisors. Goodwater Capital, described as the largest consumer tech-only venture fund founded by men of faith rooted in biblical principles, emphasized empowering entrepreneurs for positive impact. Hallow reported rapid user engagement growth, taking nearly two years to reach 1 million prayers but achieving over a million prayers daily during Lent prior to the announcement. This Series C followed previous rounds, with the additional $50 million pushing cumulative capital to $105 million. The company is actively hiring for new roles to scale operations. A source lists the round as pushing Hallow's valuation to $465 million, though primary announcements focus on round size and milestones without disclosing valuation, revenue, or EBITDA metrics. |
| Nov 2021 | Series B | Drive Capital (lead); Susa Ventures; Teamworthy Ventures; Peter Thiel; Uncork Capital; Scott Malpass; Contrary; Narya Capital | $40M | - | Hallow is a Chicago-based audio-guided Catholic prayer and meditation app founded in 2018 by Alex Jones, Alessandro DiSanto, and Erich Kerekes, targeting 1.3 billion Catholics worldwide and users seeking spirituality amid trends like the COVID-19 pandemic's impact on religious practices. The app offers subscription-based content including free meditations and plans to expand languages post-funding. It raised $40 million in a Series B round in November 2021 led by Drive Capital, following a $12 million Series A in April 2021, with participation from Peter Thiel, Scott Malpass, Susa Ventures, Teamworthy Ventures, Uncork Capital, Contrary, and Narya Capital; proceeds aim to grow the team and enhance content with faith-based creators. Hallow reported 1.5 million app downloads by late 2021 but declined to disclose valuation or precise revenue, noting 500% year-over-year revenue growth as of September 2021. The round highlights investor interest in faith-based tech, as Hallow's 2021 funding ($62 million total) exceeded all VC into religious apps in 2019 ($18.2 million), despite Silicon Valley's prior hesitance. |
| Apr 2021 | Series A | General Catalyst (lead); Uncork Capital; Contrary | $12M | $55M | Hallow is a Chicago-based Catholic prayer and meditation app offering guided prayers, meditations, and sleep aids rooted in Catholic tradition to help users deepen their faith and find peace. In April 2021, Hallow raised $12 million in a Series A funding round led by General Catalyst, with participation from Contrary and Uncork Capital, at a post-money valuation of $55.42 million. The funds supported platform growth amid rising demand for faith-based digital wellness during the pandemic. By November 2021, Hallow had secured a $40 million Series B led by Drive Capital, bringing total 2021 funding to $52 million, with over 1 million downloads and plans for multilingual expansion. The app attracted high-profile investors including Peter Thiel and Scott Malpass. |
| Nov 2019 | Seed | Uncork Capital (lead); Motivate Venture Capital; Susa Ventures; IrishAngels; Rob Chesney; Liquid 2 Ventures; FJ Labs; Lauren DeLuca; Homebrew; Contrary | $3M | - | Hallow is a subscription-based Catholic prayer app founded in Chicago by Alex Jones, Alessandro, and Erich. The app had over 1.5 million downloads and was the most downloaded and used Catholic app in the world. The company raised a Series B funding round of $40 million in November 2021, led by Drive Capital, which brought total funding to $52 million at that time. A subsequent Series C round of $50 million was led by Goodwater Capital, bringing cumulative funding to $105 million. |
Who has invested in Hallow?
19 investors have backed Hallow across its funding rounds, including Uncork Capital, Contrary, Susa Ventures, General Catalyst, FJ Labs and Liquid 2 Ventures.
Lead investors include Goodwater Capital, Drive Capital, General Catalyst and Uncork Capital.
Hallow Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Nov 2019 | ||
| 3 | Participant | Nov 2019 | ||
| 2 | Participant | Nov 2019 | ||
| 1 | Lead | Apr 2021 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Nov 2019 | ||
This data is available for Pro users. Sign up to see all 19 Hallow investors. Start Free Trial | ||||
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Start Free TrialHallow Competitors
Hallow competitors include listed companies like Jig.jp and Viaplay, and private ones like mobli, OneFootball, Barça Vision and iQiyi Sports.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $94M | $12M | $46M | 0.4x | ||
| Private | - | - | $468M | - | ||
| Private | - | - | $486M | - | ||
| Publicly listed | $1.8B | ($40M) | $631M | 0.6x |
Hallow Public Comps
Hallow is still privately-owned, but its public comps include HUYA, Bemobi, AMC Global Media, Bumble, TVZone Media, Kurashiru, Xunlei, Viaplay, Dear U and SOOP.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $970M | ($27M) | 0.1x | 0.1x | (4.2x) | 11.3x | |||
| $330M | $51M | 1.2x | 2.4x | 7.8x | 7.2x | |||
| $2.3B | $1.2B | 0.8x | 0.8x | 1.5x | 4.4x | |||
| $966M | ($793M) | 0.8x | 0.9x | (1.0x) | 2.9x | |||
| $51M | $6M | 7.3x | - | 61.6x | - | |||
| $109M | $24M | 2.5x | 2.2x | 11.5x | 11.4x | |||
| $460M | $28M | 0.2x | - | 3.3x | - | |||
| $1.8B | ($40M) | 0.7x | 0.6x | (29.5x) | 11.7x | |||
This data is available for Pro users. Sign up to see all Hallow competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Hallow
| When was Hallow founded? | Hallow was founded in 2018. |
| Where is Hallow headquartered? | Hallow is headquartered in Chicago, IL, United States. |
| Is Hallow publicly listed? | No, Hallow is a private, VC-backed company. |
| What is Hallow's valuation? | Hallow was last valued at $465M in its Series C in May 2023. |
| How much funding has Hallow raised? | Hallow has raised $105M across 4 funding rounds. |
| What was Hallow's last funding round? | Hallow's last funding round was a $50M Series C in May 2023, led by Goodwater Capital. |
| Who are Hallow's investors? | Hallow's investors include Uncork Capital, Contrary, Susa Ventures, General Catalyst, Motivate Venture Capital, IrishAngels, Highland Capital Partners, Teamworthy Ventures, Peter Thiel, Rob Chesney and 9 others. |
| Which companies are comparable to Hallow? | Companies comparable to Hallow include mobli, OneFootball, Jig.jp, Barça Vision, iQiyi Sports and Viaplay. |
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