When was CoapTech founded?

CoapTech was founded in 2016 and raised its 1st funding round 1 year after it was founded.

Where is CoapTech located?

CoapTech is headquartered in Baltimore, United States.

How many employees does CoapTech have?

As of Aug 31, 2026, the latest employee count at CoapTech is 19.

Is CoapTech a funded company?

CoapTech is a funded company, having raised a total of $16.5M across 11 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Sep 15, 2017.

When was the latest funding round of CoapTech?

CoapTech's latest funding was a $***** Series B round on Aug 27, 2024, with participation from 0 investor. Its primary sector is Healthcare IT. In United States, the Healthcare IT sector has seen $6.1B in funding in 2026 to date.

Where does CoapTech rank among its competitors?

CoapTech ranks 2nd amongst 22 active competitors, of which 10 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Enteral Access Technologies, which secured $658K in Nov, 2025.

Who are the top competitors of CoapTech?

CoapTech's top competitors include Butterfly Network, iSono Health and AISAP. Among them, Enteral Access Technologies secured the most recent funding round in November, 2025.

CoapTech - 2026 Company Profile, Team, Funding & Competitors

CoapTech is a series B company based in Baltimore (United States), founded in 2016 by Steven Tropello and Howard Carolan. It operates as a Developer of a minimally invasive method for the placement of gastrostomy feeding tubes into stomachs of patients. CoapTech has raised $16.5M in funding from Hunniwell Lake Ventures. The company has 22 active competitors, including 10 funded and 2 that have exited. Its top competitors include companies like Butterfly Network, iSono Health and AISAP.

Company Details

Developer of a minimally invasive method for the placement of gastrostomy feeding tubes into stomachs of patients. it offers PUMA-G system for feeding tube placement which is done through a procedure termed PUG (Percutaneous Ultrasound Gastrostomy). It utilizes two magnetic components which include magnet fixed on a catheter that is inserted in the body, which is then guided and controlled by the other.

Website: www.coaptech.com/
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Key Metrics

Founded Year

2016

Location

Baltimore, United States

Stage

Series B

Total Funding

$16.5M in 11 rounds

Latest Funding Round

Series B, Aug 27, 2024, $*****

Investors

Hunniwell Lake Ventures & 7 more

Ranked

2^nd among 22 active competitors

Employee Count

19 as on Aug 31, 2026

Similar Companies

Butterfly Network & 19 more

View CoapTech's full profile

CoapTech has raised a total funding of $16.5M over 11 rounds. Its first funding round was on Sep 15, 2017. CoapTech has 8 institutional investors.

Here is the list of recent funding rounds of CoapTech:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 27, 2024	1743040	Series B	5786113	3014046	7076901	8441672
Jul 15, 2023	9442784	Conventional Debt	2680389	2757762	7850124	5795748
Apr 04, 2023	6175968	Conventional Debt	2488216	7843607	3506109	9334196

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View details of CoapTech's funding rounds and investors

The founders of CoapTech are Steven Tropello and Howard Carolan.

Here are the details of CoapTech's key team members:

Steven Tropello: Co-Founder & CMO of CoapTech.
Contact Info: 1 email address
Howard Carolan: Co-Founder & CEO of CoapTech.
Contact Info: 1 email address and 1 phone number

View details of CoapTech's Founder profiles and Board Members

CoapTech's employee count trend

CoapTech has 19 employees as of Aug 26. Here is CoapTech's employee count trend over the years:

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Top competitors of CoapTech include Butterfly Network, iSono Health and AISAP. Here is the list of Top 10 competitors of CoapTech, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Butterfly Network 2011, Guilford (United States), Public	Portable ultrasound system for external ultrasound imaging	$350M	Fidelity Investments, Stanford & 14 others	77/100
2nd	CoapTech 2016, Baltimore (United States), Series B	Developer of a minimally invasive method for the placement of gastrostomy feeding tubes into stomachs of patients	$16.5M	TEDCO, Good Growth Capital & 6 others	59/100
3rd	iSono Health 2014, San Francisco (United States), Seed	Provider of AI-based 3D wearable device for early breast cancer detection	$1.96M	jskinvestments.cz, Y Combinator & 9 others	58/100
4th	AISAP 2021, Tel Aviv (Israel), Seed	Cloud-based point of care assistance and diagnosis platform	$13M	Harel Group, Shoni Health Ventures	55/100
5th	Enteral Access Technologies 2018, Liverpool (United Kingdom), Seed	Developer of a device for safe nasogastric tube placement	$4.59M	British Design Fund, Freyr Investment & 20 others	51/100
6th	Fraiya 2023, London (United Kingdom), Seed	AI-powered tools for pregnancy ultrasound to enhance medical diagnoses	$4.73M	Raw Ventures, Cedars Sinai	47/100
7th	Exo 2015, Redwood City (United States), Series C	Developer of point of care ultrasound ecosystem with AI-powered diagnostic and workflow tools	$428M	RA Capital Management, Reimagined Ventures ... & 22 others	47/100
8th	EchoNous 2015, Redmond (United States), Series D	AI-assisted handheld ultrasound device for diagnostics	$194M	Kennedy Lewis Investment Management, KKR & 2 others	46/100
9th	Intelligent Ultrasound 2004, Cardiff (United Kingdom), Acquired	Ultrasound imaging analytics platform for improving image quality and operational efficency	$9.75M	Herald Investment Management, Innovate UK ... & 4 others	45/100
10th	Emagine Solutions Technology 2017, Tucson (United States), Funding Raised	Provider of pregnancy management app and device for women and healthcare providers	-	SBIR, National Science Foundation	42/100