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Capital raises net nearly $6M for two Richmond-based tech startups
March 4, 2021
Fringe’s online marketplace features more than 150 vendors that employees can select from and use points awarded to them by their employers. (
Photos courtesy of Fringe)
With their products in demand thanks to the pandemic, two local startups are eyeing expansion after they recently closed on respective capital raises.
Fringe, a purveyor of an online employee perks marketplace, closed on a $4 million seed round, while tele-health company AnswersNow completed a $1.8 million haul from investors. Both companies announced they closed on their raises in late February.
The coronavirus pandemic heightened demand for Fringe’s marketplace, where employers pay for their employees to be able to access and spend points on streaming services, grocery deliveries, childcare services, mental health support, meal services and other perks.
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RICHMOND, Va., Feb. 23, 2021 /PRNewswire/ AnswersNow, the nation s leading telehealth provider with video service designed for Applied Behavior Analysis (ABA) autism therapy, announced today it is expanding its services nationwide. The use of scientifically validated ABA therapy has shown significant improvements in IQ and socialization in children with autism. AnswersNow connects children with autism directly to a master s level board-certified behavior analyst to receive personalized ABA therapy treatment.
AnswersNow is on a mission to provide a quality, wait-free solution to the growing need for ABA therapy. In 2020, the CDC reported that 1 in 54 children in the U.S. have autism. The rise in demand for quality ABA therapy has created wait times that are often six months to a year, said Jeff Beck LCSW and co-founder of AnswersNow. When the COVID-19 pandemic halted all in-person ABA efforts, it was clear we had an opportunity to use our