Starting a business sounds exciting until you run out of funds. Not to forget that around 47% of startups fail because of lack of funding.
This is even more true in New Mexico’s healthcare sector. Lacking the right financial backing, it's not a big deal for a founder to start scratching his head...
But, to save the day, this is where angel investors come in. These investors don’t just bring money to the table, they bring valuable industry knowledge, mentorship, and connections that can make or break a startup’s success.
In New Mexico, a growing number of angel investors are fueling innovation in healthcare. Here's a list of some of the top-ranked startup investors who can fund your healthcare idea and boost it to success.
Discover The Top Startup Investors in New Mexico (Healthcare Special)
| Investor Name | Focused Sectors | Funding Stages | Notable Investments | Total Investments |
|---|---|---|---|---|
| Desert Angels | Fintech, AI, Blockchain, Crypto, Health Tech, IT, Life Sciences & Healthcare | Pre-Seed, Seed | Stripe, Gusto, Netlify, Omada Health, Forma | 150 companies, 58 exits |
| Iron Creek Partners | Software, Technology-Enabled Services | Majority Equity Investments | MoneyThumb, Verified Credentials, CredentialCheck | Over 20 investments |
| VamosVentures | Technology, Health & Wellness, Fintech, Consumer Products | Seed and Early-Stage Investments | Encantos, Summa, Camino Financial | Over 20 companies |
| Tramway Ventures | Technology, Healthcare, Consumer Products | Seed and Early-Stage Investments | Not disclosed | 10+ investments |
| Dalus Capital | Technology, Climate Innovation, Business Productivity, Digital Companies | Venture Capital and Growth/Expansion | Eden, Reuse, Darwin AI | 35 investments, 7 exits |
| Travis Conway (Angel Investor) | Financial Services, Technology, Real Estate | Seed to Growth-Stage Investments | Not disclosed | – |
| John Francis (Angel Investor) | Technology, Healthcare, Consumer Products | Seed and Early-Stage Investments | Not disclosed | – |
| Ross Gundry (Angel Investor) | Technology, Media, Telecommunications | Seed and Early-Stage Investments | Not disclosed | – |
Desert Angels
- Website: Desert Angels
- Focused Sectors: Fintech, AI, Blockchain, Crypto, Health Tech, Information Technology, Life Sciences & Healthcare
- Funding Stages: Pre-Seed, Seed
- Present in: Primarily the Southwest USA, with headquarters in Tucson, Arizona
- Notable Investments: Stripe, Gusto, Netlify, Omada Health, Forma
- Total Investments: 150 companies
Desert Angels, established in 2000, is an angel investment group based in Tucson. They have funded approximately 150 startups, with 58 successful exits.
The investors focus on early-stage companies, in sectors like biotechnology, software, and healthcare. They prefer startups with innovative technologies and high growth potential. Mostly, they invest in rounds involving multiple investors, with an average startup valuation between $1 million and $5 million at the time of investment.
Other than funding activities, Desert Angels actively participate in entrepreneurial events such as IdeaFunding, one of Arizona's largest conferences and pitch competitions
Iron Creek Partners
- Website: ironcreek.com
- Focused Sectors: Software, Technology-Enabled Services
- Funding Stages: Majority Equity Investments
- Notable Investments: MoneyThumb, Verified Credentials, CredentialCheck
- Total Investments: Over 20 investments
Iron Creek Partners is a private equity firm based in Santa Fe. The firm specializes in acquiring and investing in enterprise software and technology-enabled services companies within the lower middle market.
Currently, the firm has over $200 million in assets under management with over 40 years of combined experience.
For the investment criteria, Iron Creek Capital focuses on equity investments in companies with $2 to $5 million in EBITDA. They target sectors such as software, healthtech, education, data, media, and communications.
The investment range of Iron Creek Partners is around $3M.
VamosVentures
- Website: vamosventures.com
- Focused Sectors: Technology, Health & Wellness, Fintech, and Consumer Products.
- Funding Stages: Seed and Early-Stage Investments.
- Notable Investments: Encantos, Summa, Camino Financial.
- Total Investments: Over 20 companies.
VamosVentures is a Los Angeles-based venture capital firm dedicated to investing in early-stage, tech/healthcare companies, with a strong focus on Latinx founders.
The firm manages a $50 million fund, raised in 2021, and has invested in approximately 40 companies across sectors such as health and wellness, fintech, future of work, and sustainability.
The firm invests in founders who have an innovative mind and are committed to providing positive social change. They seek startups with strong leadership teams and clear growth strategies.
VamosVentures typically invests between $250,000 and $1 million in seed and early-stage rounds, focusing on U.S.-based startups.
Tramway Ventures
- Website: tramwayventures.com
- Focused Sectors: Technology, Healthcare, and Consumer Products.
- Funding Stages: Seed and Early-Stage Investments.
- Total Investments: 10+
Tramway Ventures is a venture capital firm based in Albuquerque. The firm focuses on early-stage investments in the life sciences, information technology, and healthcare sectors.
The leadership team includes Founder and Managing Partner Dr. Waneta Tuttle, Managing Partners Chris Japp and Katarzyna Rice, and Venture Partner John Rockwell.
Tramway Ventures has made 10 investments, with 7 active portfolio companies. Investors look for startups that are solving trending healthcare problems, introducing unique solutions, and have a strong growth strategy.
The investment range of Tramway Ventures is around $5M.
Dalus Capital
- Website: daluscapital.com
- Focused Sectors: Technology, Climate Innovation, Business Productivity, and Digital Companies.
- Funding Stages: Venture Capital and Growth/Expansion.
- Notable Investments: Eden (Healthcare Technology Systems), Reuse, Darwin AI.
- Total Investments: 35 investments, 7 exits
Dalus Capital is a VC firm that was founded in 2015 by co-founders Rogelio de los Santos and Diego Serebrisky. The firm focuses on investing in technology/healthcare startups across Latin America, aiming to drive positive change through innovation.
Dalus Capital has invested in 45 companies, with 2 new investments in the last 12 months and 7 exits to date.
When investing in startups, Dalus Capital focuses on tech-enabled companies with scalable solutions. They are particularly interested in sectors like health tech, payments, climate innovation, and business productivity.
The firm mostly invests in Series A rounds, with initial investments ranging from $500,000 to $5 million per company.
Travis Conway
- Investor Type: Individual
- Focused Sectors: Financial Services, Technology, and Real Estate.
- Funding Stages: Seed to Growth-Stage Investments.
Travis Conway is a seasoned investment professional with a focus on founder-led companies. He is the Managing Partner and Co-Founder of Rallyday Partners, a Colorado-based private equity firm established in 2018.
Before founding Rallyday Partners, Conway gained extensive experience in investment banking and private equity. He began his career as a consultant with Ernst & Young and Navigant Consulting.
Conway's investment approach focuses on partnering with founder-led businesses, aiming to share strategic guidance. He seeks companies with scalable business models and a clear vision for the future.
The investment range of Travis Conway is around $250,000.
John Francis
- Investor Type: Individual
- Focused Sectors: Technology, Healthcare, and Consumer Products.
- Funding Stages: Seed and Early-Stage Investments.
John Francis is an angel investor based in Toronto, Ontario, Canada. He currently serves as the Managing Director of Fraser Kearney Capital Corporation.
As an angel investor, Francis has made 12 investments, with 6 successful exits.
Francis typically invests in seed-stage startups, focusing on industries like healthcare technology, materials, and specialty retail. He seeks companies with innovative solutions and strong leadership teams.
The investment range of John Francis is around $500,000.
Ross Gundry
- Investor Type: : Individual
- Focused Sectors: Technology, Media, and Telecommunications.
- Funding Stages: Seed and Early-Stage Investments.
Ross Gundry is an experienced investment professional based in Denver, Colorado. Since 2016, he has served as Vice President at Excellere Partners.
With over 13 years of experience, Gundry has been involved in private equity investments, operations, and financings in emerging growth companies. His investment interests are usually around health tech companies, solving emerging problems.
The investment range of Ross Gundry lies around $100,000.
Wrap-Up:
Summing it all up, with the right investors on your checklist, the next step is to fine-tune your pitch, build solid connections, and confidently share your vision.
Remember, finding an investor is about finding partners who believe in your idea as much as you do.
So, get out there, network smartly, and keep pushing your startup dreams forward. Who knows? The right investment could be just one conversation away.
