Glorify Is on the Rise—Who Owns the Christian App?

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Dec. 3 2021, Published 11:58 a.m. ET

Top Christian daily devotional and wellbeing app Glorify is in the limelight as institutional investors flock to the platform. At just two years old, the app is young—even for a startup. But the owners behind the company are young, too.

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Who owns Glorify and will the freshly funded company find a home in the public market?

Investors backed Glorify in $40 million Series A.

In a major move for Glorify, institutional investors have stockpiled millions into a Series A funding round aimed at making Glorify fly. The round is worth $40 million and lead investors include a16z (Andreessen Horowitz), SoftBank Latin America Fund, K5 Global, and other noteworthy institutions.

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Individual celebrities are biting, too. Kris Jenner, Corey Gamble, Jason Derulo, and Michael Bublé have a stake in the young Christian app company.

Who owns Glorify?

Glorify co-founder and co-CEO Ed Beccle is garnering a lot of attention, mainly because he's just 22 years old. Despite his young age, Beccle has already founded and sold another company that produced a multi-million-dollar exit. Beccle knows what works—which is why he dropped out of high school at just 16 years old to pursue his serial entrepreneurship aspirations.

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Beccle said in an interview, "It's hard not to get a little bit philosophical when you’re young, and you’re doing exciting things, [and] maybe you make more money than regular people your own age. For me, at least, I stopped and thought, 'Well, I can afford all the Ubers and Uber Eats in the world, and I don’t really spend any other money. I don’t have a mortgage or dependents. What would I do if I could do anything?'"

For Beccle, the answer is tech, and Glorify is his next venture into that realm. Beccle also founded Hintsa, a professional training and coaching platform.

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Beccle isn't the only owner. He gets help from the other co-founder and co-CEO, Henry Costa. Beccle and Costa met at a coworking space in London when Costa was involved in the world of angel investing (not a pun on Christianity, but we'll let it float).

According to Costa's LinkedIn, he also co-founded Grasp, an HR tech app that serves as a "wellbeing platform enabled by smart data and technology, driven by people." Beccle is also a co-founder of Grasp, which proves that the duo is heavily intertwined in an entrepreneurial sense.

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Fortunately for Beccle and Costa, the co-founder duo retains a majority stake in the company worth a collective $100+ million.

Is Glorify publicly traded?

Glorify just landed its Series A funding round, which officially brings it into the major arena. However, the company remains far away from being publicly traded. There isn't a set number of funding rounds a company must get through in order to go public, but startups tend to wait until at least Series E before diving into the expensive regulatory landscape that's the public market.

Right now, Glorify needs to use its cash flow for growth, development, and expansion—not bookrunners and listing fees.

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