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.