What is COLA?
COLA Inc. stands as a premier physician-directed accrediting organization, specializing in laboratory accreditation. It holds the distinction of being the first to receive federal approval under CLIA. With an operational history spanning over thirty-five years, COLA is dedicated to enhancing health and safety through educationally-focused accreditation, evidenced by a remarkable 98% customer satisfaction rate. The organization offers comprehensive accreditation services for laboratories of all scales, complemented by robust training and development programs through the COLA Academy. COLA's mission is to empower professionals to achieve laboratory excellence while ensuring they remain abreast of evolving regulatory landscapes and industry advancements.
How much funding has COLA raised?
COLA has raised a total of $2.1M across 2 funding rounds:
Debt
$1M
Debt
$1.1M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.1M led by PPP
What's next for COLA?
The recent major strategic investment, alongside the substantial total capital raised, positions COLA Inc. for continued expansion and innovation in the laboratory accreditation space. This infusion of financing is expected to bolster its educational offerings via the COLA Academy and enhance its capabilities in guiding professionals through complex regulatory changes. The company's focus on health and safety, coupled with its high customer satisfaction, suggests a strategic direction aimed at solidifying its leadership and potentially exploring new accreditation domains or technological integrations to further its mission of laboratory excellence.
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