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The Wall Street Publication > Blog > Business > Religion Apps Attract Wave of Venture Investment
Business

Religion Apps Attract Wave of Venture Investment

Editorial Board Published December 21, 2021
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Religion Apps Attract Wave of Venture Investment
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Religion apps are benefiting from a sharp rise in venture-capital funding as more people turn to them for a sense of community, particularly during the Covid-19 pandemic, startup founders and investors say.

Faith-based, for-profit apps attracted $175.3 million in venture funding this year through mid-December, up from $48.5 million in 2020 and $6.1 million in 2016, according to PitchBook Data Inc.

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