Showing 8 articles
Targan Announces Sale to Merck Animal Health
Targan signed a definitive agreement to be acquired by Merck Animal Health, an investor since 2017, with closing expected in Q3 2026. The deal brings Merck the WingScan™ vision system, which sorts up to 160,000 chicks per hour, and Targan's high-speed vaccine delivery technology. Oval Park Capital is proud to have backed Targan's journey.
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Lemurian Labs Raises $28M Series A to Liberate AI from Hardware Constraints
The oversubscribed round, co-led by Pebblebed Ventures and Hexagon, funds Lemurian's software-first, hardware-agnostic platform—enabling AI workloads to run on any hardware at any scale. Oval Park Capital, which led the 2022 seed round, participated in the follow-on.
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Extellis Raises $6.8M Seed to Unlock Reliable SAR Satellite Imagery at Industrial Scale
Oval Park led this oversubscribed round for the Duke University spinout developing patented metasurface SAR antenna tech for all-weather Earth observation.
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Sironix Renewables Raises $3.5M to Scale Soy-Based Cleaning Ingredients
Arosa Ventures and Oval Park co-led the round funding pilot-scale manufacturing of Eosix® bio-surfactant — 52% lower GHG impact than conventional cleaners.
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The Father of DevOps, an AI Maverick & a Culture Wonk Join Lemurian Labs
Adam Robertson, Abhay Chitral, and Bryan Carpender bring cloud infrastructure, AI systems, and people-strategy depth to the team.
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2024 Year in Review
SWIR Vision acquired by onsemi, Targan's 10× revenue growth, Lemurian's software-first pivot, and OPC Opportunity Fund I's final close.
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Targan Secures First International Placement with Trouw Nutrition North America
Milestone commercial validation for Targan's AI-driven targeted vaccine delivery system across poultry and swine markets.
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Medicom Secures $9M Strategic Capital from UPMC, TGH Ventures & Cone Health
Accelerates Medicom Connect to 1,400+ organizations and 323K medical image exchanges per month by end of 2024.
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Natrx Closes Oversubscribed Seed Round to Advance Climate Restoration Technology
Funding accelerates deployment of Natrx's Exoforms 3D-printed concrete for coastal resilience, living shorelines, and habitat restoration projects.
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Emrgy Secures $18.4M Series A to Scale Distributed Hydropower in Water Infrastructure
Round funds expansion of Emrgy's modular hydrokinetic turbines into irrigation canals and municipal water systems across the Western US.
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Lemurian Labs Raises $9M Seed Led by Oval Park Capital for AI Accelerated Computing Platform
Initial round backs Lemurian's vision for a domain-specific architecture optimized for AI workloads at the edge and in the data center.
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Medicom Technologies Completes $21.8M Series B Round Led by Oval Park Capital
Capital fuels expansion of Medicom Connect's secure medical-image exchange network across hospitals and health systems nationwide.
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FortifyData Raises Seed to Build Integrated Cybersecurity Risk & Attack Surface Management Platform
Round supports FortifyData's unified platform for continuous cyber-risk assessment, vendor risk, and attack-surface management.
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Oval Park Capital Emerges from Stealth with Plans for $25M Hardtech Fund
OPC launches with a Southeast-focused hardtech investment thesis, targeting overlooked ecosystems and seed-stage technical founders.
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Grubbly Farms Raises Funding to Scale Insect-Based Animal Feed Using BSFL
Investment supports Grubbly's expansion of black soldier fly larvae production for sustainable poultry and pet food markets.
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