Digital autism provider AnswersNow has closed its $11 million Series A funding round.
Left Lane Capital led the round and was joined by American Family Institute for Social Impact, Blue Heron Capital, Difference Partners, and former Kadiant CEO Lani Fritts, per Fortune’s Term Sheet.
The applied behavior analysis (ABA) provider plans to use the new funds to expand its services into more states and grow its team of PhD and master’s-level clinicians. It will also use the capital to improve its user experience on its virtual platform, Behavioral Health Business reports.
This funding comes when autism rates are rising, and demand for services is hot. About 1 in 44 children are diagnosed with autism spectrum disorder (ASD), according to the CDC.
The Richmond, Virginia-based startup launched in 2017. Its business model is focused on matching families with clinicians for virtual ABA therapy on its platform. AnswersNow is currently working with major payers, including Medicaid, UnitedHealthcare, Aetna, Cigna, Anthem and Blue Cross Blue Shield. Read more.
