Tech Company Financing Transactions

TARGAN Funding Round

Mountain Group Capital, NovaQuest and Merck Animal Health participated in a $35 million Series C capital raise for TARGAN. The round was announced on 5/25/2022.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series C

Mountain Group Capital (Lead Investor) (Rob Readnour)

NovaQuest (Lead Investor) (Brian Axe)

Merck Animal Health (Stephen Murray)

Oval Park Capital (Justin Wright-Eakes)

Proceeds Purpose
TARGAN does this through a very innovative technology. Also, we are very happy to include NovaQuest in the investor syndicate. Their extensive experience in biotech investing will be very helpful as TARGAN progresses into full commercialization

Company Information

Company Status
Private & Independent
Medical Devices & Instruments
Mailing Address
133 Southcenter Ct. 700
Morrisville, NC 27560
Email Address
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.
TARGAN LinkedIn Company Profile
Social Media
TARGAN Company Twitter Account
Company News
TARGAN on Facebook
TARGAN on YouTube

Management Team

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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We do our best to document funding rounds that are announced publicly. VC investment data records on this site are derived from news reports and company announcements. The data comes to us via our partnership with, an affiliated venture.


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