Gloo, a Boulder, CO-based technology platform dedicated to connecting the faith ecosystem and releasing its collective might, closed a $110m financing.
The company intends to use the funds to accelerate development of the platform.
Led by Scott Beck, CEO, Gloo is a tech platform, which includes free and premium ministry tools and marketplace offerings—while funneling new investment capital toward ministry-based technology, products, and services. Gloo serves over 70,000 churches and over 1,000 resource partners.
The investment aligns with plans to expand the Discover marketplace on Gloo, which offers the faith community a comprehensive range of free and premium products and services that meet the specific and ongoing needs of ministry leaders.
Earlier this year, the company launched a new division, Gloo Ventures, focused on investments in and acquisitions of organizations that bring value to the faith community. The division will include investments in AI-based tools to help church leaders responsibly leverage the technology.
FinSMEs
31/07/2024