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Top 4 Venture Capital Firms In New Mexico [2022]

Although still in its infancy, New Mexico has recently seen a surge in venture capital funding. Whether you are raising seed, Series A or higher, in this article we have listed our top picks of the best venture capital firms in New Mexico, their industry focus and investment size.

So, if you haven’t yet started to reach out, here is a good place to start learning about them.

This article is part of a series where we present you the top Venture Capital firms across the US. For the South West, check out our rankings for Denver, Salt Lake City, Phoenix and Oklahoma.
Looking for New Mexico's top startup incubators and accelerators instead? Check out our ranking here.

Top 4 Venture Capital Firms In New Mexico

Here’s a summary of our top 4 picks for the best venture capital firms in New Mexico (in alphabetical order):

NameSector focusRoundInvestment sizeInvestments
Cottonwood Technology FundHard-Tech, Hardware ( Advanced Manufacturing, Nanotechnology, Medtech, Cleantech, Robotics)Seed, Series A$1M – $3M20
Flywheel VenturesIT and Urban SystemsSeed, Series A$50k – $1M27
OneTen° CapitalTechnologySeed, Series AN/A4
Verge FundTechnologySeed, Series AN/A15

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1. Cottonwood Technology Fund

New Mexico’s one of the most prominent venture capital firms, Cottonwood Technology Fund invests in startups working in the technology sector.

The venture fund offers Seed and Series A funding to companies involved in hard-tech, nanotechnology, nanoelectronics, advanced materials, cleantech, medtech, advanced manufacturing, and robotics.

This venture capital firm writes a check of anywhere between $1M and $3M to the selected companies. So far, Cottonwood Technology Fund has invested in 20 companies in the USA and Europe. Some of them are Circular Genomics, Sarcos, Exagen, Trilumina, Fiberio, and Armonica Technologies.

It is interesting to note that the companies that Cottonwood Technology Fund invests in are all IP-driven companies.

2. Flywheel Ventures

Flywheel Ventures is yet another famous venture capital firm located in New Mexico. This venture capital firm offers investments in those startups that are working towards addressing global challenges existing in urban systems and information technology.

The firm offers Seed and Series A funding and writes a check of anywhere between $50k and $1M. However, there are specific requirements that the startups should meet to receive funds from this venture capital firm.

Apart from funds, Flywheel Ventures also offers hands-on operational assistance to its portfolio companies to ensure that they succeed.

So far, this venture capital firm has made 27 investments, some of which include AfterCollege, Angaza Design, Aravo Solutions, ByteLight, Comet Solutions, MicroProbe, and Nuvita.

3. OneTen° Capital

Located in Albuquerque, New Mexico, OneTen° Capital is a prominent venture capital firm that invests in Seed and Series A funding for high-technology companies based in New Mexico.

Companies that apply for funding must have a high growth market opportunity, and they must have a reasonable valuation. Also, they must have a commercialization plan in place.

Unfortunately, OneTen° Capital does not disclose the exact investment amount anywhere on its website. So far, the firm has made 4 investments since it came into existence in 2018. Those four companies are WaveFront Dynamics, Mindset Integrated, mPower Technology, and Everyday Contacts.

4. Verge Fund

The Verge Fund is yet another popular venture capital firm located in New Mexico. The firm specifically targets technology companies. What is interesting to note here is that this venture capital firm utilizes $5 billion that is spent annually for research and development for funding startups.

This venture capital firm offers Seed and Series A funding to the selected companies. Unfortunately, the firm does not disclose the exact investment amount anywhere on its website.

So far, Verge Fund has invested in 15 companies, some of which are TruTouch, Slipstream, Pajarito Powder, Nuvita, and Exemplify, among others.

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  • Easy-to-use Excel & PPT templates
  • CPA-developed financials
  • 30+ charts and metrics