Coala Life
Coala Life is a Swedish digital health company founded in 2014 that provides wireless ECG and heart-sound cardiac monitoring with remote patient monitoring services, primarily serving US healthcare providers and patients following its 2022 acquisition of Vitrics Management Group.
- Company typePrivate
- Founded2014
- HeadquartersStockholm, Sweden
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Coala Life does
Coala Life is a Swedish digital health company founded in 2014 and headquartered in Stockholm. The firm has developed a wireless cardiac monitoring platform that captures ECG and heart-sound readings, supporting remote patient monitoring (RPM) use cases primarily targeted at US healthcare providers and patients. Its core product combines a small wireless heart monitor with a digital service layer for cardiac data capture and remote interpretation.
The company's go-to-market relies on remote patient monitoring services delivered into the US healthcare market, with a vertical segmentation approach focused on providers and patients seeking RPM solutions. In August 2022, Coala Life completed the USD 3.5 million acquisition of Vitrics Management Group Inc to accelerate US deployment, with the acquired entity expected to contribute USD 1.5-1.8 million in first-year turnover. Pricing, distribution channels, and reimbursement arrangements are not publicly disclosed. The company has raised approximately USD 20 million across five disclosed funding rounds between 2016 and 2019, with 20 North Street as a recurring investor, but no funding events have been disclosed since 2019.
Coala Life operates with a very small team (1-10 employees disclosed) and is led by CEO Dan Pitulia, with co-founders Philip Siberg (Chief Strategy Officer and Head of IR) and Magnus Samuelsson (CTO), supported by COO Johanna Tulkki. The business model is enterprise-grade RPM delivery into US clinical workflows, with revenue mechanics dependent on patient-monitoring service contracts rather than direct consumer hardware sales. The company's strategic priority appears to be converting its Swedish-built cardiac monitoring platform into US RPM revenue through the Vitrics channel.
Coala Life firmographics
Firmographics- Name
- Coala Life
- Website
- https://coalalife.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Coala Life is a Swedish digital health company founded in 2014 that provides wireless ECG and heart-sound cardiac monitoring with remote patient monitoring services, primarily serving US healthcare providers and patients following its 2022 acquisition of Vitrics Management Group.
- Ownership category
- akta.pro rank
Coala Life industry classification
Industry- Product category
- Cardiac Remote Patient Monitoring
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Cardiometabolic RPM & Chronic Disease Management (diabetes, hypertension, CHF, obesity) (HLALAFAA)
- akta.pro secondary industries
- Chronic Care & Remote Patient Monitoring (RPM) Platforms (HLALABAF), Multi-Condition RPM Platforms & Care Orchestration (device-agnostic, population management) (HLALAFAL), Home Cardiac Care & Remote Patient Monitoring (Skilled Oversight) (HLADAFAJ), Home Health Remote Patient Monitoring & Virtual Nursing Providers (HLAFAEAN), Blood Oxygen & Respiratory Monitoring (Pulse Oximetry, Capnography, Spirometry) (HLAHACAD)
Keywords
Where Coala Life is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Markets served
Coala Life business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Coala Life product offering
Product offeringCore offering
Coala Life developed a digital service centered on a small wireless heart monitor that captures the heart's ECG and heart sounds, enabling remote cardiac monitoring for patients and healthcare providers. The company has focused its commercial deployment on remote patient monitoring (RPM) services in the US healthcare market, supported by its 2022 acquisition of Vitrics Management Group Inc.
Product overview
Coala Life provides remote patient monitoring (RPM) services in the US market. The company's offerings center on remote patient monitoring solutions, as evidenced by their acquisition of Vitrics Management Group Inc to enhance deployment capabilities in the US RPM market.
Differentiator
Problem solved
Functional benefit
Products and services
- Coala Heart Monitor
- Remote Patient Monitoring (RPM) Services
Companies that use Coala Life
Customer profileSegments1 record
Ideal customer profiles1 record
Coala Life technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Coala Life partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights3 records
Coala Life competitors and assessment
Company assessmentBroad incumbents
- Philips RPM: Philips offers a broad RPM and population health portfolio within its connected care segment; overlaps with Coala Life on remote cardiac and multi-condition monitoring deployments.
- BioTelemetry (Philips): BioTelemetry, now part of Philips, is a leading US provider of remote cardiac monitoring services (MCOT) and a direct competitor in ambulatory cardiac RPM.
- Medtronic: Medtronic's CareLink network and LINQ insertable cardiac monitor compete with Coala Life's wireless ECG monitoring for arrhythmia detection and remote follow-up.
- GE HealthCare: GE HealthCare's patient monitoring solutions and Edison platform include remote monitoring capabilities that compete broadly with Coala Life in hospital and ambulatory settings.
Direct peers
- Vivify Health: Vivify's RPM platform for chronic care management competes with Coala Life's RPM software layer, especially in US payer and provider virtual care programs.
- Preventice Solutions (Boston Scientific): Preventice's BodyGuardian remote cardiac monitoring services compete with Coala Life's RPM offering in ambulatory ECG and post-event monitoring for US healthcare providers.
- AliveCor: AliveCor's KardiaMobile personal ECG devices and remote cardiac monitoring platform directly overlap with Coala Life's wireless heart monitor and cloud-based ECG analysis offering.
- Eko Health: Eko's digital stethoscope combined with ECG and AI-based cardiac analysis competes with Coala Life's combined ECG + heart-sound approach for cardiac auscultation and monitoring use cases.
- iRhythm Technologies: iRhythm's Zio long-term cardiac monitoring patch competes directly with Coala Life's wireless ECG monitor in ambulatory cardiac arrhythmia detection and remote patient monitoring workflows.
Emerging players
- Huxley Medical: Huxley Medical is an emerging player in cardiac and sleep RPM with overlapping home-based cardiac monitoring technology and similar target use cases to Coala Life.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Coala Life social profiles
Digital presenceCoala Life financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coala Life leadership team
Management profileNumber of profiles
Profiles4 records
Coala Life funding detail
Funding detailFunding overview
Funding rounds5 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coala Life M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coala Life
What does Coala Life do?
Coala Life developed a digital service centered on a small wireless heart monitor that captures the heart's ECG and heart sounds, enabling remote cardiac monitoring for patients and healthcare providers. The company has focused its commercial deployment on remote patient monitoring (RPM) services in the US healthcare market, supported by its 2022 acquisition of Vitrics Management Group Inc.
Is Coala Life a public or private company?
Coala Life is a private company. It is classified as venture growth investor backed and is currently operating.
When was Coala Life founded?
Coala Life was founded in 2014. It employs 1 to 10 people.
Where is Coala Life based?
Coala Life is headquartered in Stockholm, Sweden, in the Europe region.
Who are Coala Life's main competitors?
Broad incumbents on record are Philips RPM, BioTelemetry (Philips), Medtronic and GE HealthCare. Direct peers are Vivify Health, Preventice Solutions (Boston Scientific), AliveCor, Eko Health and iRhythm Technologies. Huxley Medical is listed as an emerging player.
Does Coala Life have an API?
No public API is recorded for Coala Life.
What industry is Coala Life in?
Coala Life's product category is Cardiac Remote Patient Monitoring. Its primary akta.pro industry code is HLALAFAA, Cardiometabolic RPM & Chronic Disease Management (diabetes, hypertension, CHF, obesity), with a secondary code of HLALABAF, Chronic Care & Remote Patient Monitoring (RPM) Platforms. Its NAICS code is 518 and its SIC code is 7372.