About Oval Park Capital
Oval Park Capital is a venture capital firm founded in 2018. It is primarily based out of Raleigh, United States. As of Dec 2025, Oval Park Capital is an active investor, having invested in 14 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and HealthTech. Most recently it participated in the $***** Series A round of Lemurian Labs Overall, Oval Park Capital portfolio has seen 1 acquisition, namely SWIR Vision Systems. A lot of funds co-invest with Oval Park Capital, with names like Mountain Group Partners sharing a substantial percentage of its portfolio. Oval Park Capital has team of 6 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Oval Park Capital's List of Top Investments
Oval Park Capital has a portfolio of 14 companies. Their most notable investments are in Medicom and Medicom.Their portfolio spans across and United States. They have invested in Enterprise Applications, High Tech, HealthTech and 12 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Oval Park Capital:
1. TARGAN
Sustainable Animal AgTech: Innovating animal health and protein production responsibly, using cutting-edge technology to reshape animal health and protein production. The company is committed to a sustainable global food supply, prioritizing advancements that enhance animal welfare, productivity, and profitability in the poultry, livestock, and aquaculture industries. They develop solutions like automated feather sexing systems using AI and machine learning, and individualized ocular vaccine delivery systems using high-speed imaging and feature recognition. These systems aim to optimize hatchery processes, enhance farm performance, and maximize plant efficiency. The company leverages its capabilities to address production needs and meet the growing global food demand, focusing on precision, transformation, and trust to improve animal health and build future sustainability.
Key facts about TARGAN
- Founded Year: 2015
- Location: Morrisville (United States)
- Stage: Series C
- Total Funding till date: $50M
- Employee Count: 139 as on Aug 31, 2026
- Investors: Merck Animal Health, FFAR and 4 Others
- Latest Funding Round: Series C, May 25, 2022, $*****
- Highlight: Editors' Pick
2. Medicom
Medicom is a web application for the medical industry that provides administrative task management tools. They have 3 products which are Imagex, Hex, and Endpoint. Images help transfer diagnostic images to healthcare groups, referring physicians, and patients through Medicom’s proprietary conduit. Hex is the patient record exchange network that can be used for peer-to-peer transfers. The endpoint is an image archiving system designed to work for surgeons and physicians.
Key facts about Medicom
- Founded Year: 2015
- Location: Raleigh (United States)
- Stage: Series B
- Total Funding till date: $42M
- Employee Count: 67 as on May 31, 2026
- Investors: UPMC, Grayhawk Capital and 8 Others
- Latest Funding Round: Series B, Jul 26, 2024, $*****
- Highlight: Editors' Pick
Developer of software stack designed to run AI workloads on hardware. The software stack allows AI workloads to run on any hardware, at any scale. It matches or exceeds the performance of hand-tuned kernels. The software stack enables users to focus on models and algorithms. It allows evaluation of new xPUs and movement between clouds.
Key facts about Lemurian Labs
- Founded Year: 2007
- Location: Santa Clara (United States)
- Stage: Series A
- Total Funding till date: $37M
- Employee Count: 46 as on Aug 31, 2026
- Investors: Tola Capital, Raptor Group and 23 Others
- Latest Funding Round: Series A, Dec 03, 2025, $*****
- Highlight: Editors' Pick
4. NALA
Developer of chlorine-resistant reverse osmosis membranes for water treatment. These membranes reduce biofouling, lowering operating costs and extending membrane lifespan. The technology enables efficient water reuse and reduces the environmental impact of water treatment systems. This is achieved through patented materials resistant to chlorine, allowing for effective cleaning without membrane damage. The result is lower energy consumption and reduced maintenance needs for water purification systems.
Key facts about NALA
- Founded Year: 2018
- Location: Durham (United States)
- Stage: Series A
- Total Funding till date: $12.2M
- Employee Count: 21 as on Aug 31, 2026
- Investors: Good Growth Capital, MassChallenge and 3 Others
- Latest Funding Round: Series A, Jul 06, 2026, $*****
- Highlight: Editors' Pick
5. Sironix
Developer of plant-based ingredients for cleaning and personal care products. The company transforms plants into high-performing chemicals used in cleaning products. It creates surfactants from raw materials derived from plants. These surfactants are then used by manufacturers to create eco-friendly detergents. The company’s ingredients offer performance, foaming, mildness, and product quality.
Key facts about Sironix
- Founded Year: 2016
- Location: Seattle (United States)
- Stage: Series A
- Total Funding till date: $9.27M
- Employee Count: 9 as on Aug 31, 2026
- Investors: DOE, Third Derivative and 9 Others
- Latest Funding Round: Series A, Mar 25, 2025, $*****
Oval Park Capital's Year-on-Year Investment Trends
Oval Park Capital has invested in 14 companies over the last 7 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 3 investments. Its most recent first time investment was in Extellis and most recent follow-on round was in Lemurian Labs.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 1 | 3 |
2024 | 0 | 1 | 1 |
2023 | 3 | 0 | 3 |
2022 | 4 | 1 | 5 |
2021 | 2 | 1 | 3 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
Oval Park Capital's Investments by Stage
Oval Park Capital has made 7 investments in Seed stage with an average round size of $3.54M, 5 investments in Series A stage with an average round size of $10.1M and 1 investment in Series B stage with an average round size of $21.8M.Stage of entry | No. of Investments |
|---|---|
Seed | 7 |
Series A | 5 |
Series B | 1 |
Note: We have considered here, only first round of investments
Oval Park Capital's Investments by Sector
Oval Park Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Sustainability Tech, Vertical SaaS and Aerospace, Maritime and Defense Tech. Notably, it has invested in 12 Enterprise (B2B) companies, 12 Tech companies, 7 Software companies and at least 4 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
High Tech | 3 |
Sustainability Tech | 3 |
Vertical SaaS | 3 |
Aerospace, Maritime and Defense Tech | 2 |
Others | 16 |
Note: We have considered here, only first round of investments
Oval Park Capital's Investments by Geography
Oval Park Capital has made most investments in United States (13).Oval Park Capital's recent investments
Oval Park Capital has not made any investment in 2026 so far.Here are the most recent investments by Oval Park Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 03, 2025 | United States | Series A | 8580 | [+10] | |
Nov 10, 2025 | United States | Seed | 8845 | ||
Mar 25, 2025 | United States | Series A | 5340 | ||
Jul 26, 2024 | United States | Series B | 2781 | [+5] | |
Oct 16, 2023 | United States | Seed | 1312 | [+3] |
Acquired companies in Oval Park Capital's Portfolio
1 company from Oval Park Capital's portfolio has been acquired. The most recent acquisition was SWIR Vision Systems in Jul 2024 by ON Semiconductor for $*****.Here are Oval Park Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 02, 2024 | Oct 19, 2021 | Series A | 1809 |
Team profile of Oval Park Capital
Oval Park Capital has a team of 6 members including 3 Partners, 1 Venture Partner and 1 Principal located in United States. Oval Park Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Oval Park Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Raleigh | - | ||
Partner | Durham | - | ||
Partner | Charlotte | - | - | |
Venture Partner | New York | - | - | |
Principal | Raleigh | - |
Co-investors of Oval Park Capital
Over the past 7 years, 72 investors have co-invested in Oval Park Capital's portfolio companies. This includes only funds.
- Invested before Oval Park Capital: National Science Foundation, America’s Seed Fund and 9 others have invested in rounds before Oval Park Capital. There are 2 companies where National Science Foundation has invested before Oval Park Capital and 2 companies where America’s Seed Fund has invested before Oval Park Capital.
- Top Co-investors of Oval Park Capital: 42 investors entered a company along with Oval Park Capital. These include investors like Mountain Group Partners (1 company).
- Invested after Oval Park Capital: A total of 19 investors have invested in Oval Park Capital's portfolio after their investments. Top Investors include NovaQuest Capital Management (1 company), UPMC (1 company) and Tampa General Hospital (1 company).
Recent News related to Oval Park Capital
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Lemurian Labs Raises $28 Million Series A to Liberate AI from the Constraints of Hardwareintelligence360•Dec 03, 2025•Lemurian Labs, Oval Park Capital, AMD, Nvidia and 17 others
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Grubbly Farms Raises Series A FundingFinSMEs•Nov 20, 2023•Grubbly Farms, Oval Park Capital, Overline, Overline
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Lemurian Labs is building a new compute paradigm to reduce cost of running AI modelsTechCrunch+•Oct 04, 2023•Lemurian Labs, Google, Intel, Nvidia and 11 others
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Emrgy Raises $18M in Series A FundingFinSMEs•Apr 11, 2023•Emrgy, Oval Park Capital, Fifth Wall, Blitzscaling Ventures and 2 others
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US hydro start-up raises funding for turbine factoryReNEWS•Apr 11, 2023•Veriten, Overlay Capital, Blitzscaling Ventures, Fifth Wall and 2 others
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Durham-based navigation firm Archaius lands $1.1M, seeks $1.5M moreWRAL TechWire•Jul 11, 2022•Archaius, Oval Park Capital
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TARGAN secures $35m Series C financing led by Mountain Group Partners and NovaQuest Capital ManagementPrivate Equity Wire•May 25, 2022•TARGAN, Mountain Group Partners, NovaQuest Capital Management, Merck Animal Health and 2 others
