Latest San Diego Angel Conference News
Aug 18, 2021
UpLyft Gets Funding from SDAC , a startup developing solutions for people with limited mobility, has secured $100,000 in funding from San Diego Angel Conference (SDAC). The early-stage funding comes as the company has seen growing demand for its flagship product UpLyft, which is designed to independently move people with limited mobility weighing up to 600 pounds. The company has raised $900,000 since inception. “We are ecstatic to close this round of funding with SDAC, which also includes investment participation from members of Tech Coast Angels, U.S. Angels, and the Global Head of Wearables at Qualcomm,” said Craig Misrach, president and CEO of UpLyft. Helping Patients UpLyft’s mission is to restore independence to those who suffer from mobility challenges and best protect caregivers from encountering patient lifting injuries. Craig MisrachPresident and CEOUpLyft The company said it has created the first FDA-compliant self-transfer system from bed to wheelchair for people with limited mobility. In particular, the company’s product can transfer a patient from bed to wheelchair — safely and quickly. It replaces slings, body boards, and other “lift to stand” mechanisms. The solution is designed for nurses and caregivers in healthcare facilities including hospitals, nursing homes, and surgery centers to avoid neck and back injuries, said Misrach. Strong Interest The company said it has over-subscribed its pre-orders, and is now gearing up manufacturing and commercial launch. So far, the company has 14 issued patents, with seven additional patents pending. Tech Coast Angels investor Bobby Edelman, who led due diligence for SDAC, said the pre-orders of the device from consumers indicate a strong interest for an affordable alternative to nurse or caregiver-assisted transfer for people with limited mobility. “The low-cost design and ease of operation of UpLyft has the potential to disrupt the patient-transfer marketplace, especially in institutions where facility operators face a huge liability for healthcare workers becoming injured during patient transfer,” said Edelman. Misrach joined the organization in 2018 to help spearhead the company’s product launch and commercialization efforts. Prior to UpLyft, Misrach served as CEO at Freedom Meditech, and president of EyeChem. Anton Simson a mechanical engineer, founded UpLyft roughly five years ago and developed nine prototypes before finding success. UpLyft
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San Diego Angel Conference has 1 team member, including current Investment Partner, Richard Lin.