Coala Life

Pre-clinical

Stockholm, SwedenFounded 2014coalasolutions.com

Coala Life provides a total digital solution for remote cardiac monitoring, designed to improve the efficiency of detecting and managing arrhythmias like atrial fibrillation. Its clinically validated platform, which records both chest and thumb ECGs along with heart sounds, is backed by research from institutions like Karolinska Institutet and is offered to healthcare providers without upfront costs. The company's strategy focuses on enabling scalable telemedicine services and facilitating user-centered clinical studies through its integrated hardware and software ecosystem.

Founded

2014

Focus

Digital HealthCardiovascular

AI Company Overview

Technology Platform

An integrated smartphone-based system combining a handheld device for 3-lead chest ECG, thumb ECG, and heart sound recording with an app and clinician portal, featuring automated algorithms for arrhythmia detection (e.g., AFib via P-wave and R-R analysis).

Funding History

Total raised: $27.5M

Series B$15MUndisclosedJun 15, 2020

Series A$10MUndisclosedJun 15, 2018

Seed$2.5MUndisclosedJun 15, 2016

Opportunities

Growth opportunities include forming partnerships with pharmaceutical companies and CROs for use in decentralized clinical trials, expanding geographically within the US and EU markets, and developing next-generation algorithms to detect a broader range of cardiac conditions.

The home enrollment service is a key differentiator for scaling telemedicine offerings.

Risk Factors

Key risks include intense competition from established players like AliveCor and Apple, the ongoing challenge of securing widespread insurance reimbursement for remote monitoring, and the need to continuously validate and update its automated algorithms to maintain clinical trust and regulatory compliance.

Competitive Landscape

Main competitors include AliveCor (KardiaMobile) for personal ECG, Apple Watch for consumer AFib screening, and traditional Holter/patch monitor companies like iRhythm. Coala differentiates through its combined ECG and heart sound recording, clinical-grade platform integrated into provider workflows, and a pay-per-use business model targeting healthcare systems directly.