What is Fringe?
Fringe operates as a comprehensive lifestyle benefits marketplace, designed to enhance employee engagement and well-being. The platform offers a wide array of benefits, including wellness incentives, rewards and recognition programs, peer-to-peer giving, and recruiting incentives. By providing access to over 130 different apps and services, Fringe empowers employers to offer flexible and personalized benefits that resonate with their workforce, addressing the evolving needs of the new world of work.
How much funding has Fringe raised?
Fringe has raised a total of $19.2M across 2 funding rounds:
Angel/Seed
$2.2M
Other Financing Round
$17M
Angel/Seed (2021): $2.2M with participation from Center for Innovative Technology, Jaffray Woodriff, Felton Group, Manchester Story, and Sovereign Capital
Other Financing Round (2022): $17M led by Origin Ventures and Felton Group
Key Investors in Fringe
Center for Innovative Technology
The Center for Innovative Technology (CIT) is a non-profit organization focused on technology-based economic development, providing early-stage commercialization and seed funding to technology companies.
Felton Group
Felton Group investigators provides private and business investigative services, including background screenings and consulting for law enforcement agencies.
Origin Ventures
Origin Ventures is an early-stage venture capital firm that invests in founders and companies transforming productivity and automation through artificial intelligence, focusing on sectors like electrification and AI-native software.
What's next for Fringe?
The substantial enterprise-level funding and recent strategic investment signal a period of accelerated growth and market expansion for Fringe. This capital infusion is expected to fuel further development of its innovative platform, enhance its marketplace offerings, and broaden its reach within the corporate benefits sector. The company is poised to solidify its position as a leader in the HR tech space, driving deeper employee engagement and satisfaction through its unique approach to lifestyle benefits.
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