Cleantech startup in Durham focusing on desalination lands investors for big seed round
DURHAM – NALA Systems, a woman-owned startup in Durham developing a desalination technology, has raised an oversubscribed seed round of $700,000. The round was targeted at $600,000. The oversubscribed round was led by Good Growth Capital with a first tranche closed in October 2020 that included support from NC-based angels at RTP Capital and Wilmington Angels for Local Entrepreneurs (WALE). Oval Park Capital completed the round as the sole investor in the second tranche. “We appreciate the confidence that our investors have shown in the NALA team and we are excited to apply the seed capit...
Source: wraltechwire.com