Adaptive clothing brand No Limbits has raised $1.4 million in a continuing seed round.
Founder Erica Cole said no one investor led the round for the Richmond-based startup, but there was participation by the investment arm of Georgetown nonprofit social entrepreneurship incubator Halcyon Angels, as well as New York’s The Disability Opportunity Fund and follow-on investments from Mark Cuban and Emma Grede, who previously backed the company on ABC’s “Shark Tank.”
Cole said she is using the seed round to expand the company’s product line and cover rising costs due to supply chain issues. The VC money is being used to accelerate growth to capture a market Cole sees as primed for a leader because it’s overlooked and underserved.
“I truly believe No Limbits can be a household name for people with disabilities when talking about clothing,” Cole said. “Not necessarily just people with disabilities, but any challenge dressing.”
No Limbits began in 2018 after a car accident resulted…
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