No Limbits shark Tank Net Worth -What Happened After Shark Tank?
No Limbits Shark Tank Net Worth
No Limbits is an adaptive apparel company that makes clothing for people with disabilities. The company was founded by Erica Cole, who appeared on Season 13 of Shark Tank in April 2021 seeking a $100,000 investment for 6% equity in her business, giving it a valuation of $1,666,667.
Mark Cuban and guest Shark Emma Grede both saw the potential of No Limbits and invested $100,000 for 10% equity, which means a drop in its valuation to $1 million.
Since appearing on Shark Tank, No Limbits has used the investment to bring on additional staff and develop more products.
The company has generated sales of $100,000 in online and offline markets and its current net worth is estimated to be around $1 mlillion. No Limbits offers free shipping for orders over $100.
What Is No Limbits? Who Founded No Limbits?
No Limbits is an adaptive clothing brand that provides accessible clothing at an affordable price point for people with disabilities or sensory challenges in the US.
The company was founded by Erica Cole, who lost her leg in a car crash in 2018 and found that her new prosthetic leg wasn’t compatible with her existing wardrobe.
No Limbits offers easy and accessible solutions to everyday problems faced by amputees, those who use wheelchairs, and those with sensory processing disorders.
No Limbits’ products include the Amp Pant, which has durable hidden YKK zippers on both inseams for dressing, undressing, and adjusting the prosthesis.
The company is also getting ready to launch wheelchair-related products and products for people who have lost an arm or hand or have lost some degree of fine motor control in their hands.
Erica intends for No Limbits to evolve into a large company like Old Navy that appeals to people of all ages where they can find garments that work specifically for them at an affordable price.
No Limbits appeared on Shark Tank Season 13, where Emma Grede and Mark Cuban invested in the company. In the show, Erica talked about the difficulties people with disabilities face when dressing.
She demonstrated the pants she was wearing, which caught Emma’s attention when Erica mentioned denim.
The Sharks inspected samples of No Limbits’ new line of clothing designed specifically for people with disabilities.
What Happened To No Limbits At Shark Tank?
The founder provided Shark with detailed information about her innovative product, which caters to the needs of disabled individuals who have lost their legs.
The product is called Zipper Jeans, and it solves the problem of uncomfortable clothing while also offering a stylish look.
Having solved her own problem, the founder sought funding from Shark Tank to help others in similar situations. She requested $100,000 from the sharks in exchange for a 6% stake in her company.
Emma Grede expressed interest in investing in the startup and invited Mark Cuban to join her. Emma then proposed to invest $100,000 but requested a higher percentage of equity, specifically 12%.
In response to Emma’s counteroffer, Cole made a counteroffer of her own, offering $100,000 but requesting only 10% equity in the company.
Eventually, Emma Grede and Mark Cuban decided to invest $100,000 in the startup in exchange for a 10% stake in the company.
What Happened To No Limbits After Shark Tank?
Erica delivered an impressive pitch highlighting how her clothing line is improving the quality of life for people with disabilities. The more accessible clothing makes daily tasks more manageable for those with disabilities.
After her pitch, Erica defended the large market potential for her clothing and disclosed a two-phase purchase order from Veteran’s Affairs.
One of the guest sharks, Emma Grede, was particularly impressed with the clothing and remained enthusiastic about the company throughout the discussions.
Emma and Mark Cuban partnered up to offer Erica a deal of $100,000 for 12% equity. Erica countered with 10%, which they accepted, making it one of the fastest deals in Shark Tank Season 13.
In our No Limbits update, we found that the company is gradually expanding its product line to include amputee pants for both men and women, which can be purchased through their website.
With the support and guidance of Emma and Mark, No Limbits is well-positioned to thrive in the market.
Is No Limbits Still In Business?
As of March 2023, No Limbits, a startup founded by Erica Cole, is still in business and thriving producing fashionable clothing and wheelchairs.
Although it is not available on Amazon or other online platforms, consumers can purchase products directly from the company’s official website.
The brand is well-known in the Iowa City area of the United States, and its products are considered to be of average value.
With a team of 1 to 10 employees, the company is currently a small-scale private enterprise dedicated to producing its unique line of goods.