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Venture Capital News: UpLift Inks $8M

2021-12-14
NEW YORK, NY, Today, UpLift announced their expansion into psychiatry as well as the closing of $8 million in secondary funding.
Today, UpLift, the first vertically integrated mental healthcare delivery system, announced their expansion into psychiatry as well as the closing of $8M in secondary funding. The round was led by B Capital Group with additional participation from Vivek Garipalli, Bay Gross, Bobby Green, as well as pro rata financing from several others. Founded in May 2021 by CEO Kyle Talcott at Redesign Health, UpLift is committed to building the infrastructure to deliver a continuum of mental healthcare. By including psychiatry onto the UpLift platform, psychotherapists work hand-in-hand with psychiatrists in order to close the behavioral healthcare gap, coordinate with the primary care provider and optimize the appropriate plan of care.

UpLift is a digital platform that empowers patients to find in-network therapists and psychiatrists who are covered by their insurance plans. UpLift negotiates rates with insurance companies, reduces overhead through automated scheduling, billing, and claims processing, and delivers a 2-sided marketplace to seamlessly match patients with the right provider for them. Dedicated to tackling today's supply and demand problem in mental health, UpLift streamlines behavioral healthcare accessibility and removes the barriers to identifying in-network, affordable and effective treatment. UpLift was founded in 2020 by Kyle Talcott at Redesign Health.
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