Raleigh, N.C.-based climate technology company Natrx, provider of nature-based infrastructure technologies, announced on Oct. 11 that it has raised over $3.5 million in an oversubscribed seed funding round led by Ponderosa Ventures and Oval Park Capital. This raise brings the company’s total funding to date to more than $5.2 million.
Natrx president Matt Campbell is a Louisiana native who received his undergraduate degree from Louisiana State University.
Ponderosa is an early-stage food, agriculture, and ocean-focused venture firm affiliated with Galvanize Climate Solutions, a global, climate-focused investment firm. Oval Park invests in non-FDA-regulated “disruptive and impactful” technology startups primarily in the southeastern United States.