Snug Vest raises $500k in seed funding round led by Arc Capital
Snug Vest, an affiliate of Wearable Therapeutics Inc, has obtained $500,000 in seed-stage funding. The first-time investment was led by Arc Capital Development, a U.S. venture capital firm, and was joined by VANTEC Entrepreneurs Fund, Pique Venture Investments, Sunshine Coast Venture Partners and other investors. Headquartered in Vancouver, Snug Vest is a therapeutic wearable vest for individuals managing autism, stress or sensory processing disorders. It will use the funds to scale up operations, increase marketing efforts, support production, develop additional technologies, and other purposes. Snug Vest was founded in 2011 by CEO Lisa Fraser.
10 June 2015•3 mins read
