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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.
Lifestyle benefits startup Fringe gets a pandemic boost, raises seed round
Employers today often use perks to attract new talent in the form of discounts and deals, commuter funds, gym memberships, child care, free lunches and more. But the pandemic has impacted what sort of in-office or other in-person perks employees can access. That’s led to booming growth and now, a fundraise for a startup called Fringe, which offers companies a personalized marketplace of perks that people really want, like Netflix, Uber, Airbnb, DoorDash, Headspace, Talkspace and over 100 other apps.
The idea for Fringe came about from the co-founders’ work as financial advisors where they regularly found themselves consulting people who were weighing new job options and their associated benefits.
Thank you from Outreach
Dear Editor,
Another Chance Outreach Ministry (ACOM) has been assisting low-income families and the families of those who have members incarcerated through their Season of HOPE program since 2016.
Season of HOPE began as a way to bless families who have a loved one incarcerated within the state of Georgia; by sending those Christmas gifts the individual behind the walls.
As each year passes the demand for assistance has increased.
In 2017, Season of HOPE assisted 42 local low income families and 35 gifts were mailed out to families of incarcerated men and women.
During the 2018 / 2019 school year Season of HOPE and partners like God’s Anointed Now Generation, Inc. extended ACOM’s service and assisted more than 50 students with book bags and essential school supplies.
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