# Oval Park Capital

Oval Park Capital is a Venture Capital based in Raleigh, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Raleigh, United States
- **Region:** North America
- **Address:** Raleigh, NC, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** ovalpark.com
- **LinkedIn:** https://www.linkedin.com/company/oval-park-capital

## Regulatory record

- **CRD number:** 319283
- **SEC file number:** 802-126508
- **Registration status:** ACTIVE
- **Latest Form ADV filing:** 2026-04-15T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/319283

## About

Oval Park Capital is one of the only VC firms in the Southeast that exclusively backs visionary hardtech startups. It takes an early and active approach to partnership, helping founders accelerate growth and build industry-leading businesses. The firm backs engineering-led breakthroughs, investing in seed-stage hardtech startups commercializing physical and industrial technologies with defensible IP in mission-critical industries.

## Sectors

- Industrial Tech
- Energy Transition & Renewables
- AgriTech & FoodTech
- Cybersecurity
- Robotics & Automation
- SpaceTech
- Digital Health

## People

- Justin Wright-Eakes — Managing Partner
- Evan Shear — Senior Associate
- Pierce Gibson — Senior Associate
- Jeff Clark — Operating Partner
- John Perkins — Operating Partner
- Margaret Gramann — Operating Partner

## Questions

### Does Oval Park Capital participate in fund commitments or only direct deals?

Oval Park Capital deploys capital exclusively through direct investments and special purpose vehicles. There is no fund-of-funds program — the firm leads and co-invests in seed-stage companies directly, using SPVs when appropriate for specific portfolio exposures, and maintains an Opportunity Fund to provide follow-on capital to breakout companies through Series A and B rounds.

### Which sectors does Oval Park Capital explicitly avoid?

Oval Park publishes a negative list on its website that excludes: software, services, life sciences, biotech, medical devices, crypto, consumer apps, consumer products, alcohol, tobacco, cannabis, psychedelics, sports, entertainment, gambling, gaming, social media, and other media. This eliminates most standard venture deal flow, concentrating the firm exclusively on hardtech startups commercializing physical and industrial technologies.

### How does Oval Park Capital source proprietary deal flow?

The firm targets overlooked startup ecosystems, geographies, and sectors where transformative founders operate without the noise of oversaturated coastal markets. Based in Raleigh and purpose-built for the Southeast, the sourcing model relies on relationships with engineering-led companies in mission-critical industries that fall outside the mandates of generalist venture firms.

### Who runs investment decisions at Oval Park Capital?

Justin Wright-Eakes serves as Managing Partner and leads investment decisions. The investment committee is supported by a team of operating partners — Jeff Clark, John Perkins, and Margaret Gramann — who bring hands-on operational expertise rather than a generalist finance background. The firm has no large institutional investment committee beyond Wright-Eakes and his senior team.

## Related profiles

- [Outward VC](https://altss.com/profile/outward-vc)
- [Oval Ventures](https://altss.com/profile/oval-ventures)

---

Last updated: 2026-08-11T15:07:41.444Z

Canonical page: https://altss.com/profile/oval-park-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology