Snug Vest Raises CAD$500K in Funding

snugvestSnug Vest, a Vancouver, B.C.-based developer of a therapeutic vest that provides anxiety relief and stress management for families dealing with autism, raised CAD$500k (US$393k) in funding.

The round was led by Arc Capital.

The company will use the funds to increase marketing efforts, as well as to expand production, technology development and clinical research.

Led by Lisa Fraser, Founder & President, Snug Vest develops a therapeutic vest that inflates to provide adjustable and evenly distributed pressure to the torso for a comforting hug-like squeeze without pressure placed on the stomach or chest and is used by occupational therapists, teachers, adults and children.
It is especially effective for individuals managing autism, high levels of stress, or sensory processing disorders.



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