UpLyft

Deal to Watch
BETA

The 1st FDA-compliant self-transfer system for people between bed and wheelchair

Analytics

Raised to Date: $170,821

Aggregate Commitments $
Platform

Wefunder

Start Date

08/07/2020

Close Date

11/20/2020

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$6,600,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

61

% of Min. Goal

342%

% of Max. Goal

16%

Likelihood of Max
Avg. Daily Raise

$4,271

# of Investors

129

Momentum
Location

San Diego, CA

Industry

Healthcare & Pharmaceuticals

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

UpLyft, with a $6.6 million valuation cap, is raising funds on Wefunder. It is the first FDA-compliant self-transfer system for people with limited mobility. UpLyft helps people transfer themselves from bed to wheelchair or vice versa in less than a minute. Anton Simson founded UpLyft in 2016 and has raised over $500,000 since its founding. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for manufacturing, research and development, marketing, and general and administrative expenses. UpLyft has twelve patents issued and nine patents pending. The product already has sales demand for orders and is set to make a positive social impact for people in a health crisis.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-13,294

$-147,205

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$957

$908

Accounts Receivable

$0

$0

Total Assets

$76,901

$58,196

Short-Term Debt

$35,167

$18,643

Long-Term Debt

$227,000

$0

Total Liabilities

$262,167

$232,643

Ratings

last updated 09/16/2020

Research

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