Gloo, a Colorado-based company specializing in technology services for ministries and faith-based organizations, announced it has raised $110 million in financial investment. Founded in 2013 by Scott and Theresa Beck and headquartered in Boulder, Gloo disclosed that these funds will support a variety of projects.
In an email to The Christian Post, Gloo's Chief Solutions Officer Brad Hill shared that the $110 million represents the company’s “largest single capital raise” with “substantial contributions from faith-aligned investors.”
“This funding also signifies the most significant addition of faith-aligned investors to Gloo, including notable ministries and church-supporting companies dedicated to advancing Gloo’s mission for the Church’s benefit,” Hill stated.
Hill attributed the successful financing to the “network of supporters” Gloo has cultivated “over the past 15 years who have witnessed the impact of its ecosystem.”
“When the faith ecosystem is connected with the right resources, tools, data, and funding, real progress is possible,” he added. “We’re excited that an investment of this magnitude signals new levels of collaboration from various organizations that see how Gloo can help the faith community achieve more missional impact.”
The funds will advance the development of the Gloo platform, which offers tools for churches and capital for ministry-based services and products.
“The investment aligns with plans to expand the Discover marketplace on Gloo, providing the faith community with a comprehensive range of free and premium products and services tailored to ministry leaders' specific and ongoing needs,” Hill explained.
Among its projects, Gloo is utilizing AI technology to assist churches, despite the controversy surrounding AI within faith communities and beyond. Last year, Gloo partnered with the Barna Group to survey Christians' opinions on AI, revealing that only 22% of respondents believed AI was “good for the Christian Church,” while 51% disagreed and 27% were unsure.
Regarding this issue, Hill stated, “We believe it’s a moral imperative to use technology for good. When used responsibly, the Church has an opportunity to not only participate but lead.”
“A thoughtful response to AI, proper guidance from church leaders, and robust discussion among the faith community can enable the Church to show leadership in the post-AI age,” he said. “At Gloo, we prioritize relationships first. AI is a powerful technology that should support, not replace, relationships.”