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CoapTech
Early-stage medical device company aiming to improve medical care delivery for patients young and old around the world
About CoapTech
CoapTech, founded in 2016 by Dr. Steven Tropello and Howard Carolan, is a medical device company that has developed a platform for minimally invasive, ultrasound-guided procedures in hollow organs. The company is headquartered in Baltimore, Maryland.
Dr. Tropello, a physician, invented the company's core technology, the Point-of-care Ultrasound Magnet Aligned (PUMA) System. This system utilizes magnetic coaptation and ultrasound guidance to allow for safer and more efficient bedside procedures, which have traditionally been performed in operating rooms.
The company's first product, the PUMA-G System, is designed for gastrostomy tube placement. This procedure is essential for patients who are unable to eat or drink by mouth. By enabling this procedure to be done at the bedside, CoapTech aims to reduce healthcare costs, improve patient safety and experience, and increase access to care.
CoapTech operates on a business model of manufacturing and selling these medical devices to healthcare facilities. The company has progressed to a Series B funding stage, indicating investor confidence in its technology and market potential.
Source: Dealroom company dataAt a glance
- Founded
- 2016
- Headquarters
- Baltimore, United States
- Sector
- Biotech & Life Sciences
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed4 investors entered at this stage
Dingman Center Angels
National Institutes of Health
TEDCO
National Institute of Diabetes and Digestive and Kidney Diseases
Series A7 investors entered at this stage
- HVHunniwell Lake Ventures
Good Growth Capital
Abell Foundation
Maryland Momentum Fund- ECEcphoracapital
NuFund Venture Group
University of Maryland, Baltimore (UMB)
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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