New Mexico Vintage Fund
Description
New Mexico Vintage Fund, often known as NM Vintage Fund, is a venture capital firm headquartered in Santa Fe, New Mexico. Established with a clear mission to foster the entrepreneurial ecosystem within the state, the fund primarily targets early-stage companies. It plays a crucial role in providing capital and strategic support to promising startups, aiming to drive economic growth and innovation across New Mexico by investing in local talent and ideas.
The fund's investment strategy is centered on early-stage opportunities, typically ranging from Seed to Series A rounds. While sector-agnostic, NM Vintage Fund shows a strong preference for companies that either are based in New Mexico or have a significant operational presence or connection to the state. Their initial investments generally fall within a range of $100,000 to $500,000, indicating a focus on providing foundational capital to nascent ventures. They often engage in co-investments, collaborating with other venture capital firms and angel investors to provide more substantial funding rounds and leverage collective expertise.
NM Vintage Fund launched its first fund with a total capital commitment of $10 million, demonstrating a significant commitment to the regional startup scene. Since its inception, the fund has rapidly built a diverse portfolio, having invested in over 20 companies as of early 2024. This active investment pace underscores their dedication to identifying and nurturing high-potential businesses within the state. Beyond capital, the fund emphasizes providing mentorship and access to networks, aiming to help its portfolio companies scale and achieve long-term success, thereby strengthening New Mexico's position as an emerging hub for innovation.
Investor Profile
New Mexico Vintage Fund has backed more than 28 startups, with 4 new investments in the last 12 months alone. The firm has led 2 rounds, about 7% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Seed, Series B rounds (top funding stages).
- Majority of deals are located in United States.
- Strong thematic focus on Manufacturing, Information Technology, Analytics.
- Led 1 rounds in the past year.
- Typical check size: $100K – $500K.
Stage Focus
- Series A (29%)
- Seed (21%)
- Series B (18%)
- Pre Seed (14%)
- Series Unknown (11%)
- Convertible Note (4%)
- Undisclosed (4%)
Country Focus
- United States (100%)
Industry Focus
- Manufacturing
- Information Technology
- Analytics
- Artificial Intelligence (Ai)
- Semiconductor
- Aerospace
- Biotechnology
- Health Care
- Advanced Materials
- Nanotechnology
Frequently Asked Questions
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