# Natrx

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/natrx

- Industry: Software
- Headquarters: Raleigh, US
- Website: www.natrx.io
- Total disclosed funding: $5M
- Latest round: Seed (Oct 11, 2023)
- Investors on record: 6

## About

Based in North Carolina, US, and co-founded by Leonard Nelson (CEO) and Matt Campbell (President) in 2018, Natrx, Inc. operates as a software development company specializing in providing climate resilience and restoration technology solutions. In October 2023, the firm raised USD 3.5 million in seed funding co-led by investors Oval Park Capital and Ponderosa Ventures, with participation from other investors Fulcrum Financial Partners, Silverstrand Capital, and Titan Cement.

The company provides nature-based solutions for coastal resilience and protection. Focused on addressing the pressing challenges of climate change and coastal infrastructure, Natrx delivers solutions that not only protect against erosion, storm surge, and sea-level rise but also promote ecological health. The other 2 platforms offered by the firm include Naxtr assess which pinpoints erosion issues and takes action, and Naxtr Address which provides custom modules for a habitat-specific resilience solution. The platform's other applications include erosion and storm surge, wetland and dredging, drainage and stormwater, ports and transportation, deepwater infrastructure, etc. The company’s platform also assesses risks, designs project-specific habitat resilience solutions, and utilizes its patented Dry Forming™ technology to produce ExoForms™. The exoForm mass is manufactured 7 times faster with 1/10th the weight of traditional materials through the firm’s patented digital manufacturing platform and offers up to 80% reduction in carbon footprint These solutions are efficient, environmentally friendly, and promote habitat growth, resulting in reduced costs and a significantly lighter carbon footprint compared to traditional materials like rock or concrete.

The company plans to utilize the October 2023 funding to support the development of its manufacturing technology.

## Funding rounds

- Seed, Oct 11, 2023, $3.5M — Fulcrum Financial Partners, Oval Park Capital, Silverstrand Capital, Ponderosa Ventures, Titan Cement
- Seed, Apr 17, 2023, $1.5M — Triangle Tweener Fund

## Investors

- Triangle Tweener Fund (https://capitalatlas.ai/funds/triangle-tweener-fund) — Seed
- Fulcrum Financial Partners — Seed
- Oval Park Capital (https://capitalatlas.ai/funds/oval-park-capital) — Seed
- Silverstrand Capital — Seed
- Ponderosa Ventures (https://capitalatlas.ai/funds/ponderosa-ventures) — Seed
- Titan Cement — Seed