Pushpay Acquisition, Valuation, Funding & Investors

Pushpay was acquired by BGH Capital in March 2023.

Pushpay acquisition price

Undisclosed

Acquired by BGH Capital · Mar 2023

Cumulative funding Pushpay raised

$13M

across 7 funding rounds

Key investors in Pushpay

  • Sixth Street
  • Christopher & Banks

Pushpay Overview

About Pushpay

Pushpay is a technology provider delivering digital tools for churches and faith-based organizations. Its ChurchStaq, ParishStaq, and Resi Media suites handle engagement, giving, administration, and video streaming. Serving more than 14,000 customers primarily in the United States, Pushpay enhances community participation and generosity. Headquartered in Bellevue, Washington, the company focuses on streamlined church management software.


Founded

2011

HQ

United StatesSeattle, WA

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Pushpay Acquisition

Pushpay was acquired by BGH Capital for an undisclosed price on 16 March 2023.

Before the acquisition Pushpay had raised $13M across 7 funding rounds.

Pushpay acquisition details
AcquirerDateType
  • BGH Capital
16 Mar 2023PE buyout

Pushpay Funding History

Pushpay has raised a total of $13M across 7 funding rounds, plus 1 secondary share sale.

Pushpay's first fundraising round was a $400K angel round in February 2013. The most recent completed round was a $8M Series A in July 2014.

Pushpay funding rounds

Pushpay funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2021SecondarySixth Street-Christopher & Banks agreed to sell its remaining Pushpay holding to Sixth Street, completing the Huljich family's exit from the church-software company. Pushpay announced the agreement on 23 March 2021 and said the transfer was expected to complete on 30 March.
Jul 2014Series A-$8M-
Apr 2014Seed-$2M-
Feb 2014Angel-$300K-
Dec 2013SeedChristopher & Banks$2M-
Jul 2013Angel-$300K-
May 2013Angel-$100K-
Feb 2013Angel-$400K-

Who has invested in Pushpay?

2 investors have backed Pushpay across its funding rounds, including Sixth Street and Christopher & Banks.


Pushpay Investors

Investors in Pushpay by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Pushpay

Pushpay has acquired 2 companies to date.

Last acquisition by Pushpay was on August 22nd 2021. Pushpay acquired Resi for $150M.


Latest Acquisitions by Pushpay

Resi
Church Community Builder
Description
Resi is a Plano, Texas-headquartered streaming technology company founded in 2014 that delivers reliable live video broadcasts via its Resilient Streaming Protocol. The RSP software eliminates buffering and frame drops through multi-path transmission over WANs. Resi serves multi-site organizations like churches and event producers with hardware encoders and cloud transcoding. It supports web embeds and mobile apps worldwide.
Church Community Builder is a Denver-headquartered provider of cloud-based church management software. The platform streamlines member engagement, event planning, volunteer coordination, and small group tracking for churches worldwide. Integrated tools handle check-ins, giving, and communication via mobile apps. Used by over 4,000 congregations, it supports multisite operations with custom workflows. Established in 2007, the company offers training and process consulting to enhance ministry effectiveness.
HQ CountryUnited StatesUnited States
HQ City
Dallas, TX
Colorado Springs, CO
Deal Date22 Aug 202112 Dec 2019
Valuation$150M$88M
EV/Revenue
EV/EBITDA

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Pushpay Competitors

Pushpay competitors include listed companies like Alef Education and WildBrain, and private ones like Atmosphere, Minute Media, Vidaa and Podotree.

Public and private companies comparable to Pushpay
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AtmosphereUnited StatesAustin, TXPrivate$25M-$1B40.0x
Minute MediaUnited KingdomLondonPrivate$300M-$1B3.3x
VidaaUnited StatesAtlanta, GAPrivate--$583M-
Alef EducationUAEUAEPublicly listed$210M$150M$1.9B7.8x
PodotreeSouth KoreaSeoulPrivate--$428M-
WildBrainCanadaCanadaPublicly listed$374M$26M$243M1.0x

Pushpay Public Comps

Pushpay is no longer listed, but its public comps include Storytel, iQIYI, MNC Digital Entertainment, Saregama India, Nine Entertainment, Vitec Software, Zee Entertainment, FuboTV, Stingray Group and Cover.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Storytel$410M$71M2.3x2.1x13.1x10.4x
iQIYI$4.1B$2B0.6x0.6x1.2x101.6x
MNC Digital Entertainment$216M$73M4.5x-13.3x-
Saregama India$100M$36M9.9x8.8x27.4x25.2x
Nine Entertainment$1.6B($279M)1.3x1.2x(7.1x)6.7x
Vitec Software$370M$150M3.8x3.6x9.3x9.2x
Zee Entertainment$844M$43M0.6x0.6x12.6x9.0x
FuboTV$1.6B($122M)1.9x0.5x(25.3x)24.2x

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Common questions about Pushpay

When was Pushpay founded?Pushpay was founded in 2011.
Where is Pushpay headquartered?Pushpay is headquartered in Seattle, WA, United States.
Is Pushpay publicly listed?No, Pushpay was acquired by BGH Capital in March 2023.
Who acquired Pushpay?Pushpay was acquired by BGH Capital in March 2023.
How much funding has Pushpay raised?Pushpay has raised $13M across 7 funding rounds.
What was Pushpay's last funding round?Pushpay's last funding round was a $8M Series A in July 2014.
Who are Pushpay's investors?Pushpay's investors include Sixth Street and Christopher & Banks.
Which companies are comparable to Pushpay?Companies comparable to Pushpay include Atmosphere, Minute Media, Vidaa, Alef Education, Podotree and WildBrain.
How many companies has Pushpay acquired?Pushpay has acquired 2 companies, including Resi and Church Community Builder.
What was the largest acquisition by Pushpay?The $150M acquisition of Resi in August 2021 is the largest acquisition Pushpay has made to date.

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