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UpLift, a behavioral health company, has successfully raised $10.7 million in a Series A financing round. The round was led by new investor Ballast Point Ventures, with participation from Kapor Capital, Front Porch Ventures, and existing investors, including B Capital. The latest funding takes UpLift’s total funding to over $22 million.
The Mission of UpLift
Founded in 2020, UpLift is a technology-driven, omnichannel behavioral health provider that aims to integrate mental and physical health to enable whole person, value-based care. The company partners with leading national and regional health insurance plans to deliver high-quality, virtual-first psychotherapy and psychiatry. With mental illness affecting nearly half of all Americans, UpLift is playing a critical role in addressing this mental health crisis by providing access to insurance-based behavioral healthcare.
Utilization of Series A Funding
The new Series A funding will be used to further expand access to UpLift’s team-based behavioral healthcare model. This will enable thousands of behavioral healthcare providers to accept insurance payments for the first time and help patients match with the right team of providers, based on their unique clinical and non-clinical needs. UpLift currently serves patients in the District of Columbia (D.C.), Florida, Maryland, New Jersey, and Virginia. The company will also use its Series A funding to expand into additional states.
Partnership with AmeriHealth Caritas D.C.
UpLift has contracted with AmeriHealth Caritas District of Columbia, a national leader in Medicaid managed care. The partnership will empower patients to efficiently find and receive high-quality care and enable network providers to deliver a seamless and effective patient experience.
Future Plans
“We are proud of the progress we’ve made to increase access to critical behavioral healthcare, and this Series A investment is a testament to our team’s hard work and commitment,” said Kyle Talcott, founder and CEO of UpLift. “We are also thrilled to partner with AmeriHealth Caritas D.C., which will allow us to help close the gap in access to behavioral healthcare for Medicaid members. This funding round, coupled with our new partnership enables us to positively impact the lives of many through affordable, accessible healthcare.”
This significant Series A funding round marks a crucial step for UpLift as it aims to revolutionize the future of behavioral healthcare, setting the stage for a new era in the healthcare industry.
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