New Mexico is gradually becoming a powerhouse for tech startups. Having top-tier research institutions, a strong talent pool, and increasing investor interest, the state is shaping the future of innovation.
In 2024, it ranked among the top states for high-tech jobs and R&D investment, proving there’s serious momentum in the market.
And with a growing number of venture capital firms and angel investors, startups have more funding opportunities than ever.
If you're looking to launch or scale a software startup in New Mexico, the right investors can make all the difference.
Let’s discuss the top 8 startup investors in New Mexico who fund software startups.
Top 8 Startup Investors in New Mexico Who Invest in Software Startups
| Investor Name | Focused Sectors | Funding Stages | Notable Investments | Total Investments |
|---|---|---|---|---|
| Arch Venture Partners | Life Sciences, Physical Sciences, Information Technology | Seed and Early-Stage Investments | Juno Therapeutics, Alnylam Pharmaceuticals, Illumina | Over 600 companies |
| Cottonwood Technology Fund | Advanced Materials, Robotics, HealthTech, Clean Energy | Seed and Early-Stage Investments | Skorpios Technologies, xF Technologies, Respira Therapeutics | Over 20 companies |
| Flywheel Ventures | Information Technology, Infrastructure Technology | Seed and Early-Stage Investments | Lumidigm, TruTouch Technologies, Exagen Diagnostics | Over 50 companies |
| ABQid | Technology and High-Growth Startups | Seed and Early-Stage Investments | Metapipe, Taiga Biotechnologies, Pressure Analysis Company | Over 30 companies |
| Verge Fund | Technology and High-Growth Ventures | Seed and Early-Stage Investments | Lotus Leaf Coatings, Skorpios Technologies, TriLumina | Over 50 companies |
| Sun Mountain Capital | Venture Capital and Private Credit | Direct and Multi-Manager Investments | Agilvax, Exagen Diagnostics, Pajarito Powder | Over 100 companies |
| Sean Ebert | Analytics, Industrial, IoT, Software, AI, Energy, Renewable Energy | Private Equity Firm, Venture Capital | Undisclosed | Undisclosed |
| Mike Vieth | Computer, Software, Agriculture | Private Equity Firm, Venture Capital | Undisclosed | Undisclosed |
Arch Venture Partners
- Website: archventure.com
- Focused Sectors: Life Sciences, Physical Sciences, and Information Technology.
- Funding Stages: Seed and Early-Stage Investments.
- Notable Investments: Juno Therapeutics, Alnylam Pharmaceuticals, Illumina.
- Total Investments: Over 600 companies.
ARCH Venture Partners is a famous American venture capital firm headquartered in Chicago. The firm was co-founded by Steven Lazarus, Clinton Bybee, Keith Crandell, and Robert Nelsen.
ARCH has made approximately 635 investments, with 126 successful exits.
The team of investors focuses on early-stage investments in the life sciences sector, particularly biotechnology.
They invest between $0.5 million to $10 million in initial rounds and continue to support companies throughout their lifecycle, with total investments sometimes exceeding $50 million.
Cottonwood Technology Fund
- Website: cottonwoodtechnologyfund.com
- Focused Sectors: Advanced Materials, Robotics, HealthTech, and Clean Energy.
- Funding Stages: Seed and Early-Stage Investments.
- Notable Investments: Skorpios Technologies, xF Technologies, Respira Therapeutics.
- Total Investments: Over 20 companies.
Cottonwood Technology Fund (CTF) is a venture capital firm that has been funding startups since 2010. Headquartered in Santa Fe, New Mexico, with additional offices in Enschede and Amsterdam in the Netherlands, CTF specializes in early-stage investments in deep tech and hard science startups.
CTF focuses on patent-based technologies with market potential. The firm prioritizes sectors such as photonics, optics, micro- and nanoelectronics, advanced materials, nanotechnology, sensor technology, health sciences, climate tech, energy transition, advanced manufacturing, and robotics.
CTF invests in pre-seed, seed, and early-stage companies, with initial investments ranging from $1 million to $3 million.
Flywheel Ventures
- Website: flywheelventures.com
- Focused Sectors: Information Technology, Infrastructure Technology.
- Funding Stages: Seed and Early-Stage Investments.
- Notable Investments: Lumidigm, TruTouch Technologies, Exagen Diagnostics.
- Total Investments: Over 50 companies.
Flywheel Ventures is a seed and early-stage venture capital firm headquartered in Santa Fe. The firm focuses on funding startup founders and teams in Silicon Valley and New Mexico.
Over the past two decades, Flywheel Ventures has invested in 64 companies, with 32 successful exits (50% successful exit rate).
Their investment strategy targets pre-seed, seed, and early-stage companies developing business-to-business (B2B) products. These products must be based on innovations in information technology and physical sciences.
They also collaborate with innovators at leading research universities and national laboratories to commercialize technology assets.
The investment range of Flywheel Ventures for software startups is around $1M.
ABQid
- Website: ABQid
- Focused Sectors: Technology and High-Growth Startups.
- Funding Stages: Seed and Early-Stage Investments.
- Notable Investments: Metapipe, Taiga Biotechnologies, Pressure Analysis Company.
- Total Investments: Over 30 companies.
ABQid is a startup accelerator founded in 2014 in Albuquerque.
The organization was established to support early-stage startups through mentorship, funding, and resources.
ABQid offers a 12-week intensive accelerator program (which can be checked on). The program provides startups with mentorship from experienced advisors, access to a network of business experts, and opportunities to refine their business models.
In terms of funding, ABQid provides $50,000 per team in exchange for a 5% equity stake.
Verge Fund
- Website: vergefund.com
- Focused Sectors: Technology and High-Growth Ventures.
- Funding Stages: Seed and Early-Stage Investments.
- Notable Investments: Lotus Leaf Coatings, Skorpios Technologies, TriLumina.
- Total Investments: Over 50 companies.
Verge Fund is a venture capital firm based in Albuquerque. The firm focuses on seed-stage, high-growth ventures in the Southwest region of the United States.
When it comes to investment preferences, VF focuses on seed-stage, high-growth ventures in the Southwest. They are interested in companies that leverage the region's technological development, including innovations from national research labs, tier-1 research universities, and military research facilities.
The investment range of Verge Fund lies around $2 Million.
Sun Mountain Capital
- Website: sunmountaincapital.com
- Focused Sectors: Venture Capital and Private Credit.
- Funding Stages: Direct and Multi-Manager Investments.
- Notable Investments: Agilvax, Exagen Diagnostics, Pajarito Powder.
- Total Investments: Over 100 companies.
Sun Mountain Capital was founded in 2006 by Brian Birk and Sally Corning. It is a private equity and venture capital firm that invests in New Mexico-based startups.
Sun Mountain Capital has $527 million in assets under management. The firm has invested in over 110 companies, with 46 successful exits.
When funding businesses, Sun Mountain Capital's investment strategy revolves around all stages of venture capital, from Series A rounds to expansion-stage growth companies. They focus on sectors such as technology, healthcare, and energy, seeking innovative companies with the potential to give 4-8x returns.
The average check size of Sun Mountain Capital is around $20M.
Sean Ebert
- Location: Denver, Surrounding States
- Focused Sectors: Analytics, Industrial, Internet of Things, Software, Artificial Intelligence, Energy, Renewable Energy.
- Investor Type: Individual
Sean Ebert is a Senior Partner at Altira Group LLC, a Denver-based venture capital firm specializing in energy technology investments. Before his tenure at Altira, Ebert was a Principal at Booz Allen Hamilton. He also served as the CEO of Foresight Weather.
Ebert focuses on early to growth-stage investments in energy technology companies. He looks for startups that offer innovative solutions in the energy sector. Ebert mainly wants to partner with founders who are well-experienced and are leading startups that address modern industry problems.
The investment range of Sean Ebert is around $50,000.
Mike Vieth
- Location: Denver, Santa Fe, New York
- Focused Sectors: Computer, Software, Agriculture.
- Investor Type: Individual
Mike Veith is a Partner at eGateway Capital, a venture capital firm based in Cincinnati. He focuses on investments in sectors such as enterprise applications and retail.
Veith's investment criteria revolve around companies with strong growth potential, innovative solutions, and capable management teams. He is interested in startups that operate in the enterprise applications and retail sectors, seeking businesses that can scale effectively.
The average check size of Mike Veith ranges between $20,000 to $100,000.
Wrap-Up:
In a nutshell, the state of New Mexico is filled with startup investors, who are actively funding startups.
However, this doesn’t mean that every startup out there would secure funding. The process works in a reverse manner, where only those founders secure paychecks, who work hard and:
- Present strong pitch decks:
- Can tackle tough questions:
- Know the inside-out of their relative industry:
