CoapTech

CoapTech

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Private Company

Total funding raised: $8.5M

Overview

CoapTech is a private medical device company pioneering point-of-care access procedures with its proprietary PUMA Platform. Its flagship product, the PUMA-G System, enables Percutaneous Ultrasound Gastrostomy (PUG), a bedside procedure that clinical studies associate with significantly reduced ICU length of stay, hospital costs, and procedural risks compared to traditional methods. The company is positioned to disrupt the $2B+ global gastrostomy market by shifting procedures from specialized suites to the bedside, improving hospital efficiency and patient access.

GastroenterologyCritical Care

Technology Platform

The PUMA System™ platform uses magnetic coaptation and point-of-care ultrasound guidance to enable safe, percutaneous access to hollow organs at the bedside, eliminating the need for endoscopy, fluoroscopy, or an operating room.

Funding History

3
Total raised:$8.5M
Grant$2M
Series A$5M
Seed$1.5M

Opportunities

The primary opportunity is displacing traditional PEG and PRG procedures in hospitals by demonstrating superior economics, including $25K-$35K per-patient cost savings and reduced length of stay.
The platform technology also allows for expansion into other point-of-care access procedures for hollow organs, significantly broadening the company's total addressable market.

Risk Factors

Key risks include slow hospital adoption due to entrenched procedural workflows and specialist interests, potential competitive responses from large incumbent medical device companies, and reliance on a single commercialized product until the platform is successfully expanded into new indications.

Competitive Landscape

CoapTech competes with established gastrostomy methods: Percutaneous Endoscopic Gastrostomy (PEG) supported by endoscopy companies (e.g., Olympus, Boston Scientific) and Percutaneous Radiologic Gastrostomy (PRG) supported by interventional radiology. Its unique value proposition is being the only FDA-cleared, purely ultrasound-based bedside solution, positioning it as a disruptor to these resource-intensive, suite-dependent standards of care.