Coala raises SEK 150 million in new rights issue

In April 2022, Coala Life carried out a guaranteed rights issue of SEK 150 million. The net proceeds from the rights issue are mainly intended to be used to fund an accelerated market penetration in the US, research and development and general corporate purposes. The company’s goal is to have sales of SEK 250 million by 2024 with a gross margin of over 80 percent.

Carnegie Investment Bank AB (publ) acted as Sole Global Coordinator in connection with the rights issue.