SAN DIEGO—UpLyft, the seated patient lift that allows people with mobility challenges to transfer safely and independently between bed and wheelchair, announced it recently closed $1.75M in fresh capital. To expand their operations even further, the company said it has now also launched an equity crowdfunding campaign via StartEngine.
"For more than 40 million people in the United States, getting out of bed is the hardest part of their day," the company said. "UpLyft changes that. The system enables a safe, two-minute seated transfer that can be operated either by the patient, 100% independently, without assistance or by a caregiver, with absolutely zero physical lifting or labor required.
UpLyft’s recent funding of $1.75M was backed by new lending partner, Nautilus Funding Solutions LLC, and existing equity partners, August Holding, Kai Lani Capital LLC and Danube Angels.
Rajit Malhotra, managing partner of family office, August Holding, said he was personally drawn to UpLyft’s mission of restoring independence. His late father, an Army veteran, spent years bedridden after a stroke.
“I saw the toll it took on my father to be deprived of independence,” Malhotra said. “UpLyft is the only truly self-transfer system that empowers users to move safely and independently, without any manual lifting from a caregiver. Investing in UpLyft was my way to help restore that freedom for others.”
Last week, UpLyft launched an equity crowdfunding campaign, inviting those like Malhotra to further invest in UpLyft’s mission.
“UpLyft was built to make one of the hardest moments in care simple, safe and dignified,” said Craig Misrach, CEO of UpLyft. “Our technology has already made a measurable impact in homes, hospitals and complex rehabilitation centers. With this campaign, we’re opening the door for our broader community to be part of the next stage of growth.”
Through its campaign on StartEngine, UpLyft said it aims to accelerate its U.S.-based production and manufacturing efforts, expand partnerships with health care providers and bring its technology to more people who need it.