The round was led by Originate Ventures, and also saw participation from existing investor venture firm Point Judith Capital and additional angel investors.
US-based e-commerce start-up FSAstore.com has successfully raised $2m in a series B round, which saw investment from the Columbia Business School’s Lang Fund.
The round was led by Originate Ventures, and also saw participation from existing investor venture firm Point Judith Capital and additional angel investors.
The NY-based firm has now raised $2.8m in venture funding. In May last year, Point Judith Capital was the sole investor in a series A round worth $800k.
The firm has said that the new funding will be used to accelerate sales, marketing, and development. The website allows customers to use their tax-free dollars to purchase healthcare products and services.
Jeremy Miller, FSAstore.com founder and president, said: “We are thrilled that Originate Ventures, a leading early stage investor in the healthcare sector, is joining our existing investors in our latest financing round, which will provide us with the resources necessary to expand our operations to meet the rapidly growing demand for our products and services.”
