AnswersNow, a provider of virtual personalized autism therapies, announced the closing of its $11 million Series A funding round.
Left Lane Capital led the investment round with participation from American Family Institute for Social Impact, Blue Heron Capital, Difference Partners, and former Kadiant CEO Lani Fritts.
AnswersNow intends to use the new money to expand the availability of its Applied Behavior Analysis therapy services in additional U.S. states and to enhance the user experience of its interactive virtual platform.
Commenting on the funding news, Jeff Beck, AnswersNow CEO and Co-founder said: “One of the most significant pain points for families of individuals with autism, ADHD and other developmental disabilities is access to quality care. AnswersNow is changing that with our approach and our virtual platform.”
“This latest round of funding enables us to impact the lives of more families, many of whom have been sitting on waitlists for months, or who live in areas where there’s not even one board-certified clinician. With no waitlist and a robust team of Ph.D. and Master’s-level clinicians on-hand, we can quickly connect families to individualized, effective therapy from the safety and comfort of their homes.”
“Our mission at AnswersNow has always been to make the world as big as possible for the individuals we serve,” said Jeff. “We’re thrilled to be collaborating with Left Lane Capital and a group of investors who clearly understand that mission and are committed to expanding access to care.”
According to AnswersNow, its platform pairs families with a dedicated clinician for behavioral therapy sessions hosted on its custom-built virtual platform. The platform was designed with the help of clinicians to mirror the controlled environment of an in-person therapy experience. It uses special screen features that eliminate distractions, and integrated activities focused on things like memory and recognition to engage clients in their care. In 2022 alone, the platform enabled the company’s clinical team to facilitate 10,000+ hours of therapy.
The company currently employs a network of clinicians from across the country, and partners with the nation’s leading health insurers, including Medicaid, United Health Care, Aetna, Cigna, Anthem and Blue Cross Blue Shield.
Autism therapy startups
Digital autism therapy startups have raised approximately $1 billion in funding to date, according to our funding database. More recently, Elemy, a provider of virtual and in-home autism therapy for kids, raised $219 million in Series B funding led by SoftBank Vision Fund 2 with participation from Goodwater Capital, Premji Invest, Amity Ventures, Avidity Partners, Metrodora Ventures, Sound Ventures and Whale Rock Capital, as well as existing investors.