About Ritual
Ritual is a company based in South Bend (United States) founded in 2018 by Matt Bloom. It operates as a Subscription Services. Ritual has raised $4.77 million across 1 funding round. Ritual offers products and services including Ritual App. Ritual operates in a competitive market with competitors including Cult.fit, EGYM, CoachUp, Flexifyme and Shyft, among others.
- Headquarter South Bend, United States
- Founders Matt Bloom
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Ritual Media, Pbc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.77 M (USD)
in 1 rounds
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Latest Funding Round
$4.77 M (USD), Series A
Jun 01, 2023
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Investors
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Employee Count
Employee Count
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Products & Services of Ritual
Ritual offers a comprehensive portfolio of products and services, including Ritual App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Guided audio practices for mental and spiritual wellbeing.
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Funding Insights of Ritual
Ritual has successfully raised a total of $4.77M through 1 strategic funding round. The most recent funding activity was a Series A round of $4.77 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $4.8M
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First Round
First Round
(01 Jun 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - Ritual | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Ritual
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ritual
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ritual Comparisons
Competitors of Ritual
Ritual operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cult.fit, EGYM, CoachUp, Flexifyme and Shyft, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts
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| domain | founded_year | HQ Location |
Provider of smart exercising equipment and mobile-based app for trainers and individuals
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| domain | founded_year | HQ Location |
Online marketplace connecting athletes with private sports coaches is provided.
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| domain | founded_year | HQ Location |
Provider of a digital healthcare platform offering AI-powered physiotherapy and yoga programs
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| domain | founded_year | HQ Location |
Personalized wellness services for yoga, meditation, and nutrition are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ritual
Frequently Asked Questions about Ritual
When was Ritual founded?
Ritual was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is Ritual located?
Ritual is headquartered in South Bend, United States. It is registered at South Bend, Indiana, United States.
Is Ritual a funded company?
Ritual is a funded company, having raised a total of $4.77M across 1 funding round to date. The company's 1st funding round was a Series A of $4.77M, raised on Jun 01, 2023.
What does Ritual do?
A comprehensive library of guided audio practices is provided by Ritual for mental, emotional, and spiritual wellbeing. Support is extended to users seeking clarity, connection, and care through diverse practices like meditation, prayer, and journaling. An integrated approach is adopted, catering to various spiritual and secular perspectives. Personalized wellbeing rhythms are encouraged, ensuring practices resonate with individual values and beliefs. The app serves old souls, searchers, and questioners aiming to build meaningful lives.
What products or services does Ritual offer?
Ritual offers Ritual App.
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