1MILLIONHOME, Inbox Health, and more

Your weekly update on Christian-related startups, founders, and VC

May 09, 2023

Good Morning!

Welcome to this week's edition of Faith Factor, your weekly overview of Christian-related startup and VC news.

Startup of the Week: 1MILLIONHOME

Founded in 20214 by Mike and Mandy Gallagher, 1MILLIONHOME aims to place one million orphans into good homes. The organization works with orphanages to transform their models from keeping kids indefinitely to rehabilitating and reuniting new kids every year. Their work includes consulting orphanages on best practices, training practitioners, and developing online platforms for managing orphanage-related needs. According to their website, 1MILLIONHOME has impacted kids in over 30 countries, and has worked with 245 global partners and 71 orphanages. The Gallaghers founded the organization after adopting three children, and seeing the many issues within the space. They also co-founded The Chosen & Dearly Loved Foundation, and are active in other Christian organizations. Find out more about 1MILLIONHOME here.

Faith-Based News

Startups

  • Ministry Brands opened a tech center in Ireland, creating 50 new jobs (link)

Incubators, Programs and Competitions

  • None this week

Impact News

Startups

  • Inbox Health, which aims to improve medical billing for patients, raised a $22.5 million Series B (link)

  • Praktis, an Indonesian supply chain startup, raised $20 million (link)

  • Convergent Therapeutics, which develops cancer therapies, raised a $90 million Series A (link)

  • Energy Singularity, a Shanghai-based fusion energy startup, raised ~$58 million (link)

  • Magenta Medical, a maker of a miniature heart pump device, raised $55 million (link)

  • Healthy.io, a creator of at-home health diagnostic tests, raised a $50 million Series D (link)

  • Partanna, which is developing concrete that removes carbon dioxide from the atmosphere, raised $12 million (link)

  • Foretellix, which aims to make autonomous driving more safe, raised a $43 million Series C (link)

  • Uwill, a mental health startup focused on college students, raised a $30 million Series A (link)

  • Campus.edu, an online community college, raised $29 million in funding (link)

Around the Network

Select Articles

  • The Man with the Longest-Term Vision Wins (link)

Select Podcasts

  • WIRED's Founding Editor: Wisdom He Wish He Knew (link)

Job Boards

All Levels

See you next week!