Tech Company Financing Transactions

TARGAN Funding Round

TARGAN, based in Morrisville, secured $7 million from Merck Animal Health, Mountain Group Capital and Oval Park Capital.

Transaction Overview

Company Name
Announced On
5/13/2021
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Series B
Investors

Merck Animal Health (Lead Investor) (Stephen Murray)

Mountain Group Capital (Lead Investor) (Robert Readnour)

Oval Park Capital

Proceeds Purpose
The company intends to use the funds to accelerate the commercialization of its automated and individualized poultry vaccination systems.

Company Information

Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
133 Southcenter Ct. 700
Morrisville, NC 27560
USA
Email Address
Overview
TARGAN (formerly Applied LifeSciences & Systems or ALSS) is a Biomedical Systems company poised to transform animal protein production industries worldwide by bringing affordable, individualized care technologies to the market. World meat consumption is expected to increase by 100% by 2050. The world's growing population along with the popularity of animal protein is responsible for the growth in meat consumption.
Profile
TARGAN LinkedIn Company Profile
Social Media
TARGAN Company Twitter Account
Company News
TARGAN News
Facebook
TARGAN on Facebook
YouTube
TARGAN on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Ramin Karimpour
  Ramin Karimpour LinkedIn Profile  Ramin Karimpour Twitter Account  Ramin Karimpour News  Ramin Karimpour on Facebook


 

 

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