Steven Tropello and Howard Carolan
Baltimore medical device startup CoapTech raised $7 million in a Series B funding round as it continues commercialization activities for its system to place feeding tubes using ultrasound.
The funding round was led by Hunniwell Lake Ventures, a Palo Alto, California-based venture capital firm that focuses on medical devices.
CoapTech was founded by Dr. Steven Tropello, a critical care physician at Baltimore’s University of Maryland School of Medicine, and clinical innovation researcher Howard Carolan. After seeing patients in need of a feeding tube waiting days for a specialist, Dr. Tropello invented a device that’s designed to be completed by a clinician at the bedside, rather than requiring a surgical setting. Called PUMA-G, the device uses ultrasound and magnets to enable feeding tube placement.
READ FULL ARTICLE HERE
