New Mexico is filled with venture capitalists and angel investors. The startup scene is growing at an exceptional speed, but only a few startups manage to build an empire!
Why? The answer lies in choosing the right investors.
Securing funding isn’t just about getting a check, It’s a collaboration of two mindsets. The wrong investor can derail a startup’s vision, while the right one can accelerate growth and unlock new opportunities.
This makes it highly important for you to select the right VCs for your startup. So, here’s a list of some of the top VC firms in New Mexico actively funding IT startups.
Top 8 VC Firms in New Mexico That Invest in IT Startups
| Investor Name | Focused Sectors | Funding Stages | Notable Investments | Total Investments |
|---|---|---|---|---|
| Flywheel Ventures | Information Technology, Infrastructure Technology | Seed and Early-Stage Investments | Lumidigm, TruTouch Technologies, Exagen Diagnostics | Over 50 investments |
| ABQid | Technology and High-Growth Startups | Seed and Early-Stage Investments | Metapipe, Taiga Biotechnologies, Pressure Analysis Company | Over 30 companies |
| Redwood Ventures | Technology | Venture Capital | smartBeemo, Solfium, Boletomovil | 52 investments, 6 exits |
| Iron Creek Partners | Software, Technology-Enabled Services | Majority Equity Investments | MoneyThumb, Verified Credentials, CredentialCheck | Over 20 investments |
| New Mexico Angels | Technology, Healthcare, Consumer Products, Cleantech, Fintech, Agtech, Pharma | Seed and Early-Stage Investments | Agilvax, Exovita Biosciences, Pajarito Powder | Over 40 investments |
| Avalancha Ventures | Technology, Consumer Internet, Fintech | Seed and Early-Stage Investments | Cornershop, Fintual, NotCo | Over 15 investments |
| Dalus Capital | Technology, Climate Innovation, Business Productivity, Digital Companies | Venture Capital and Growth/Expansion | Eden, Reuse, Darwin AI | 35 investments, 7 exits |
| Verge Fund | Technology, High-Growth Ventures | Seed and Early-Stage Investments | Lotus Leaf Coatings, Skorpios Technologies, TriLumina | Over 50 investments |
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 established in 2014 in Albuquerque, New Mexico, designed to empower early-stage companies with mentorship, funding, and growth resources.
The accelerator offers a structured 12-week program for startups to improve their business strategies and secure funding. Startups accepted into the program receive $50,000 in seed funding in exchange for a 5% equity stake, providing essential financial support during early operations.
Startups also benefit from investor readiness training, pitch development, and strategic workshops aimed at preparing them for future funding rounds. The program concludes with a demo day, where founders present to a room of investors, industry leaders, and stakeholders.
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, founded in 1999 by Trevor Loy, is a seed and early-stage venture capital firm headquartered in Santa Fe, New Mexico.
The firm's investment strategy focuses on seed and early-stage companies. Flywheel Ventures mostly reserves up to twice the initial investment amount for follow-on funding to support the company's growth. They look for opportunities where they can provide valuable consultation, expertise, and relationships.
Flywheel Ventures values innovation, technological disruption, and high-impact solutions. They invest in startups that are working on modern technological challenges.
The average check size of Flywheel Ventures is around $800,000.
Redwood Ventures
- Website: redwood.ventures
- Focused Sectors: Technology.
- Funding Stages: Venture Capital.
- Notable Investments: smartBeemo, Solfium, Boletomovil.
- Total Investments: 52 investments, 6 exits.
Redwood Ventures is a venture capital firm that focuses on seed, early-stage, and Series A investments in high-impact technology startups.
Redwood Ventures has invested in over 50 companies, averaging approximately 10 new investments annually over the past five years. The firm has experienced two acquisitions within its portfolio: Billpocket and Zubut.
The team of investors primarily focuses on seed-stage companies, investing in founders who are working on future tech and producing solutions.
The investment range of Redwood Ventures is around $1M.
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 was established in 2009 by John Bingaman and Matt Harney. It is a private investment partnership that manages over $200 million in assets, focusing on majority equity investments in software startups.
Iron Creek's investment strategy emphasizes majority (control) equity investments in companies with $2-5 million in EBITDA or less for early growth-phase businesses. They prefer businesses with at least 50% recurring or re-occurring revenue and limit top customer revenue to a maximum of 25%.
The firm makes most of its investments through accelerator programs and organizing pitching competitions.
New Mexico Angels
- Website: nmangels.com
- Focused Sectors: Technology, Healthcare, Consumer Products, Cleantech, Fintech, Agtech, Pharma
- Funding Stages: Seed and Early-Stage Investments
- Notable Investments: Agilvax, Exovita Biosciences, Pajarito Powder
- Total Investments: Over 100 companies
Funding startups since 1999, New Mexico Angels is an angel investment group based in Albuquerque, New Mexico. The organization focuses on early-stage, high-growth potential companies, primarily within the state and the Southwest region.
Over the past two decades, New Mexico Angels has invested over $25 million in 43 portfolio companies. The organization prefers to invest in New Mexico-based companies or those with a big economic impact in the state. They look for startups that can generate 2-4x ROI and are led by experienced founders.
The investment range of New Mexico Angels is around $500,000.
Avalancha Ventures
- Website: Avalanche Ventures
- Focused Sectors: Technology, Consumer Internet, Fintech
- Funding Stages: Seed and Early-Stage Investments
- Notable Investments: Cornershop, Fintual, NotCo
- Total Investments: Over 15 companies
Avalancha Ventures is a venture capital firm based in Mexico City. The firm focuses on early-stage investments in companies that utilize technology to disrupt their target markets.
The investors organize multiple funding events, to look for startups that are gaining traction and have a clear growth strategy to bring their value offering to the majority. The firm also supports its entrepreneurs with up to US $2,000,000 in subsequent rounds of capitalization.
Avalancha Ventures typically invests up to US $300,000 as an initial commitment in early-stage companies.
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 by Diego Serebrisky and Rogelio de los Santos. The firm focuses on investing in technology-driven startups across Latin America and aims to support startup innovation that can bring positive change through technology.
Dalus Capital's investment strategy centers on sectors such as tech, climate innovation, business productivity, and digital companies.
The VC wants to fund startups with strong leadership teams and the capability to generate 2-5x ROI within 12-48 months of investment.
The investment range of Dalus Capital can go up to several million dollars.
Verge Fund
- Website: vergefund.com
- Focused Sectors: Technology, 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 an Albuquerque-based VC firm that has been investing in startups since 2003. It focuses on seed-stage, high-growth ventures within the Southwest region.
The firm's investment strategy revolves around seed-stage companies with high growth potential in the healthcare and software sectors. The team of investors prefers startups that have scalable business models and are solving IT problems in data infrastructure or information handling.
The investment range of Verge Fund lies between $500,000 to $2 million.
Wrap-Up
So, having the list of top investors in New Mexico, you now have a roadmap to investors actively backing IT startups.
The next step? We strongly recommend doing your research, crafting a compelling pitch, and reaching out to investors who truly believe in your idea.
After all, the right partnership can be the game-changer that takes your startup to the next level.
