Hallow, Inc.

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Hallow, Inc. - overview

Established

2018

Location

Chicago, IL, US

Primary Industry

Software

About

Hallow, Inc. , based in the US, enhances spiritual well-being through its digital platform, providing users with resources for prayer, meditation, and storytelling, fostering deeper connections to their faith. Founded in 2018 and headquartered in Chicago, US, Hallow, Inc. specializes in spiritual digital solutions.


The company was founded by Alessandro DiSanto and Erich Kerekes. Hallow has successfully raised a total of USD 50 mn in funding, with the latest Series C round completed on May 18, 2023, led by Goodwater Capital, alongside Highland Capital Partners, reflecting growing investor confidence in its mission. Hallow offers a comprehensive suite of digital solutions primarily focused on enhancing the spiritual lives of its users through prayer, meditation, and biblical storytelling. The flagship product is the Hallow app, which features over 10,000 sessions encompassing various prayer practices such as the Rosary, Daily Meditations, and guided Sleep Bible Stories.


The app facilitates a user-friendly interface, enabling individuals to customize their prayer routines, thus cultivating a daily habit of prayer and spiritual reflection. Targeting Christian and Catholic audiences, Hallow serves a wide demographic, including individuals seeking solace in their faith, families enhancing spiritual practices together, and those navigating a secular environment. The app is available in multiple geographical markets, including the United States, Canada, and several countries across Europe and Latin America. Hallow generates revenue primarily through subscription-based models, catering to both individual users and families.


Its transactional structure typically involves monthly or annual subscription plans that grant users access to its extensive library of prayer and meditation content. The pricing plans reflect a tiered approach, with options designed for solo users as well as family accounts accommodating multiple users under one subscription. This model allows for flexibility and personalized engagement with the app's offerings. Additionally, potential revenue channels include partnerships with religious organizations and schools, further expanding its reach within the faith-based community.


Hallow's emphasis on core services such as its Calm Praylist and Daily Meditation sessions positions it strategically in the spiritual wellness app market. In May 2023, Hallow, Inc. raised USD 50 million in Series C funding, led by Goodwater Capital, with participation from Highland Capital Partners. The company will utilize this funding to continue its growth and expand its business reach.


Future initiatives include the launch of new product features and the exploration of additional geographic markets, with specific plans aimed at increasing its presence in regions across Europe and Latin America by the end of 2024.


Current Investors

Uncork Capital, Homebrew, Susa Ventures

Primary Industry

Software

Sub Industries

Social Networking & Communication Platform, Application Integration Software

Website

www.hallow.com

Verticals

Cloud Computing, Mobile Apps, Social Media

Company Stage

Series C

Total Amount Raised

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