New Mexico Vintage Fund II Closes $1.5M In Investments
Summary
New Mexico Vintage Fund 2023, a partner fund of New Mexico Angels, has expanded and added new investees.In just two months, more than $1.5 million has been raised, and the fund has provided funding for BioFlyte, an Albuquerque-based disinfectant biotech startup that recently expanded into a new facility at the Sandia Science and Technology Park and Solstar Space Co, a Santa Fe-based startup developing a series of technologies to enable Wi-Fi connectivity in space, who recently landed a contract with the U.S. Department of the Air Force.NM Vintage Funds provide a specialized pool of local capital for New Mexico-based early stage and high-growth companies committed to making a difference in the state. Clearly the start-up community is booming in the State, above national averages, and we are thrilled to be a part of it. Stay tuned for more successes in the near future.This is the second NM Vintage Fund after a strong launch in 2022. That fund worked with 17 companies investing more than $2 million, including in award winning New Mexico stand-outs:New Mexico Vintage Fund (NMVF) invests in early-stage and high growth local companies, New Mexican entrepreneurs, and entities whose products / services can benefit our people. This generalist fund offers broad-based diversification by industry sector, company age and investing vehicle.