Applied LifeSciences & Systems Announces Closing of its $8 Million Series A Round of Equity Financing RALEIGH, N. Car., March 22, 2019-- Applied LifeSciences & Systems (ALSS) announced today the close of an $8 million Series A round of equity financing. The financing was co-led by Merck Animal Health, and Mountain Group Partners (MGP). Oval Park Capital, a Raleigh-based early stage investment firm, also participated in the round.