Loading organizations...
Angel Studios has raised $42.0M across 1 funding round.
Key people at Angel Studios.
Angel Studios has raised $42.0M in total across 1 funding round.
Based in Provo, Utah, Angel Studios produces and distributes family-friendly and faith-based entertainment content through a community-driven streaming platform and theatrical releases. The company utilizes an equity crowdfunding and Pay It Forward revenue model, relying on a voting base of over 750,000 Angel Guild members to greenlight film and television projects. Angel Studios has distributed highly successful independent media titles such as Sound of Freedom, The Chosen, and Dry Bar Comedy. Backed by lead investors including Gigafund and Bain Capital, the studio raised $47 million in venture funding before entering the public market. The entertainment company completed a reverse merger in 2025 to go public with an estimated valuation of $1.6 billion. Originally established as VidAngel in 2013, the organization was founded by brothers Neal Harmon, Jeffrey Harmon, Daniel Harmon, Jordan Harmon, and Benton Crane.
Angel Studios has raised $42.0M across 1 funding round. Most recently, it raised $42.0M Series U in January 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2022 | $42M Series U | — | Footwork, Gigafund, Great Oaks Venture Capital, Hoxton Ventures, Lowercarbon Capital, Preston Werner Ventures, Spero Ventures, The HIT Forge, Tribe Capital, UpHonest Capital, Zigg Capital, Arash Ferdowsi, Derrick LI, ED Zimmerman, Josh Spear, Justin Mateen, Mike Greenfield, Scott Belsky | Announced |
Key people at Angel Studios.
Angel Studios is an independent media company and film distribution studio based in Provo, Utah, focused on producing and distributing "values-based" entertainment, particularly stories with Christian themes that "amplify light"—defined as true, honest, noble, just, authentic, lovely, admirable, and excellent content.[1][2][6] It operates a worldwide over-the-top video-on-demand streaming service called Angel, available on web browsers, smartphones, tablets, and smart TVs, with content distributed for free on its platform and sometimes via third-party deals.[2] The company has achieved significant growth, including over 100 million lifetime app downloads, $242.7 million in trailing twelve-month revenue, a public debut at the New York Stock Exchange with a $1.6 billion valuation, and 500% year-over-year revenue growth to $46.8 million in Q2 2025, supported by a global community of 1.5 million Angel Guild members across 180 countries.[1][3]
Angel Studios serves families and audiences seeking uplifting, hope-filled narratives amid cultural darkness, solving the problem of mainstream entertainment's cynicism and division by empowering communities to greenlight projects via the Angel Guild and using equity crowdfunding for sustainable funding.[2][3][5] Key hits include *Sound of Freedom* (over $250 million box office), *The Chosen*, *Dry Bar Comedy*, and *His Only Son*, demonstrating strong growth momentum through innovative models like Pay It Forward ticketing and profit-sharing (50% back to producers and investors, unlike typical streamers).[2][4]
Angel Studios originated from VidAngel, founded in 2014 by Latter-Day Saint family members Neal Harmon (Co-Founder and CEO), Jeffrey Harmon (Co-Founder and Chief Content Officer), Jordan Harmon (Co-Founder and President), Daniel Harmon, and Benton Crane.[2] The idea emerged from the brothers' desire to filter explicit content like graphic violence, nudity, and profanity from movies and TV for their children, leading to VidAngel's streaming filter service.[2]
VidAngel faced legal battles but pivoted after successes with *Dry Bar Comedy* and *The Chosen*, reorganizing through bankruptcy and rebranding as Angel Studios to focus on original content funded via equity crowdfunding through Angel Funding.[2] This allowed individual investors to buy shares in the company and its titles. Pivotal moments included the 2023 breakout of *Sound of Freedom* and the growth of the Angel Guild to over 750,000 members in 16 months under Jordan Harmon's leadership.[2][4] By 2025, it rebranded simply as "Angel" and went public, marking a new era.[2][3]
Angel Studios rides the wave of demand for purpose-driven, family-oriented content amid cultural polarization, economic turmoil, and a post-pandemic craving for hope, contrasting Hollywood's focus on divisive narratives.[3][6] Its timing capitalizes on streaming fragmentation and creator economy shifts, where community funding disrupts traditional gatekeepers—much like equity crowdfunding platforms have empowered startups.[2][4]
Market forces favoring it include rising interest in faith-based media (e.g., *The Chosen*'s seasons), global digital distribution via apps, and public market access for scaling, with 1.5 million members in 180 countries amplifying reach.[2][3] It influences the ecosystem by pioneering viewer-funded models, challenging Netflix-like streamers on profit-sharing, and proving values content can achieve commercial scale, potentially inspiring similar community-led platforms in entertainment tech.[4][5]
Angel Studios is poised to expand its Guild-powered pipeline, targeting more theatrical hits and series while leveraging its public status for global partnerships and tech enhancements like app features for Pay It Forward and merchandise.[3][4] Trends like AI-driven personalization, Web3 crowdfunding evolutions, and surging faith-entertainment demand (post-*Sound of Freedom* momentum) will shape its path, potentially growing revenue beyond $242M TTM through international expansion.[1][3]
Its influence may evolve from niche disruptor to mainstream contender, uniting audiences around "light" stories in dark times—if it sustains Guild engagement and navigates Hollywood competition. This builds on its core mission: a home for narratives that brighten the world, as envisioned from VidAngel's filtering roots to today's billion-dollar beacon.[1][6]
Angel Studios has raised $42.0M in total across 1 funding round.
Angel Studios's investors include Footwork, Gigafund, Great Oaks Venture Capital, Hoxton Ventures, Lowercarbon Capital, Preston-Werner Ventures, Spero Ventures, The Hit Forge, Tribe Capital, UpHonest Capital, Zigg Capital, Arash Ferdowsi.
