ChurchSpace, Ministry Brands, and more

Good Morning!

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

Startup of the Week: ChurchSpace

Founded by Day Edwards and Emmanuel Brown in 2019, ChurchSpace was recently called the "Airbnb of churches" by the Washington Post. Their platform enables churches to rent out their spaces when they are not being used. Through it, churches can more easily manage their bookings, earn extra revenue to support their services, ministries, and other costs, and interact more with their local community. ChurchSpace has been part of two accelerators, Google for Startups Accelerator and AWS Startup Loft, and is currently seeking new investors.

Faith-Based News

Startups

• Ministry Brands launched Ministry Brands Amplify, a new platform for managing churches (link)

VC/PE

• Beyond Capital opened a new $1.63 million fund to invest in faith-based companies

Incubators and Competitions

• (Repeat from last week) Praxis opened applications for their 2023 Future Founders Scholarship, which will award six emerging leaders (18-25 years old) with an all-expenses-paid trip to their annual conference (link)

Impact News

Startups

• Nanoflex Robotics, which focuses on medical robotics, raised a $12 million round (link)

• Reshape Biotech, which develops robotic instruments to automate research labs, added $7.1 million to its seed round (link)

• Exotrail raised $58 million to expand its space logistics services (link)

• Modvion, a Swedish company that builds modular, wooden wind turbine towers, raised $11.8 million (link)

Around the Network

Select Articles

• Redemptive Operations (link)

Select Podcasts

• None this week

Job Board

All Levels

• Praxis Job Board

• YCombinator Internship Program

See you next week!