The global auxiliary technology market was estimated at more than $ 22 billion in 2023 and is is projected to develop substantially by 2030. Despite the potential size of the market, many founders who build technology to help people with disabilities fight to secure the type of early funding needed to get their companies out of the ground in the first place.
Adjustment companies It is a new group of angel that hopes to cover this funding gap by providing funds in early stages of newly established accessibility technology companies. It will support the newly established technology manufacturing companies specifically for people with disabilities, as well as companies with products designed for a wider market that also helps these populations.
The company was co -founded by the married couple Brittany Palmer and Rich Palmer (depicted above), both of the former founders, Angelos investors and people with disabilities.
Brittany told TechCrunch that she has experienced this first -hand funding problem when she tried to raise funds for the Beyonder company, a start that provided virtual travel experiences to people with disabilities.
“Business capital businesses did not really understand the disability community or how great it was or opportunities to sell to them,” he said. “When I was talking to founders in the field of disability technology, there was a similar consensus that many people in the world of starting and business risk did not really understand the space.”
Rich, his former co -founder SauceHe found the same feeling while working on the investment side as CEO, and then an Angel investor, in the Launchpad Venture Group, an Angel investment group that focused on technological and scientific startups.
“We knew there was this opportunity,” he said. “We met incredible founders and we were trying to understand the best way to get them chapters.”
Despite the couple’s angel’s investment experience, they initially gave up a traditional business capital fund and promote numerous LPs, including investors with impacts and high -value people. While they saw some attraction in the original idea of their fund, some of these interests were dried alongside the changing narratives in the industry and beyond, around the diversity, equality and integration that came with the new Presidential Administration.
They also found that people with high nets are more interested in dealing with newly established businesses immediately, as opposed to serving as LPS in a fund and began to think about building an angel group.
“We have also benefited from angel investors who took early bets on us,” Rich said. “We are both people with disabilities. We went out and learn that, you know, there are no angel groups in this area.
Adaptation Ventures plans to invest at least $ 250,000 in each company with the option for cooperation. The team will hold quarterly meetings including at least four stadiums and investors will vote which companies should reach the appropriate editing stage, Brittany said.
There are many possible companies that fall into the group’s investment strategy, which is described as rich as making big things smaller and expensive things cheaper.
Companies that fit the group’s dissertation could include something like Rebokeh, a company that creates auxiliary technology for people with low eyesight. It also includes companies that do not focus on accessibility, but can also help people with disabilities, such as Tonal, Rich who have been referred to as an example, which makes exercise more accessible to those with disabilities preventing them from holding physical weights.
The wealthy joking that with the couple’s collective decades in the world’s starting and investment, they have been playing for this new role in the last 10 years.
“I am a surviving brain aneurysm,” he said. “I had temporary and permanent disabilities as a result of it. [Brittany] It is a bilateral amputation. It’s hard not to notice these things or listen to these things for us. So we have attracted founders in this area and invested as angels for recent years. Chances are a kind against you to get this funding, and so we had to almost do it. ”
