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Angel Investor (Group)
nmangels.com

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Investments

31

Portfolio Exits

3

About New Mexico Angels

New Mexico Angels is a New Mexico-based group of individual accredited angel investors focused on investing in early-stage companies in the Southwest.

New Mexico Angels Headquarters Location

1451 Innovation Parkway SE Suite 600

Albuquerque, New Mexico, 87123,

United States

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Latest New Mexico Angels News

Respect Wellness gets venture capital from new New Mexico Vintage Fund

Jul 25, 2022

Santa Fe-based Respect Wellness was among the first four early-stage companies to receive funding from the new New Mexico Vintage Fund 2022 venture capital fund that is a partner of the New Mexico Angels. The vintage fund starts with about $2 million from dozens of New Mexico investors, mostly members of the New Mexico Angels, a loose network of 130 angel investors, defined as individuals typically investing in early-stage companies. The fund expects to invest an average of $150,000 each in about 10 to 14 New Mexico companies, said Drew Tulchin, president of New Mexico Angels and managing partner of the New Mexico Vintage Fund. Tulchin expects to launch a new fund each year with different sets of investors. The “vintage” derives from the vintage or year of a wine, or in this case, the year of the investment fund. “The fund is a really strong step forward [for the New Mexico Angels] to have more investors investing in New Mexico companies,” Tulchin said. Albuquerque early-stage companies Build With Robots and BennuBio and Rio Rancho-based Green Theme Technologies received the other vintage fund investments. “The first four were companies we got to know over spring,” Tulchin said. “These are quality companies. We have monthly investor forums where companies share what they are doing and we have quarterly social events.” Respect Wellness has developed four CBD-based products for women ages 45 and older that provide menopause balance, restorative sleep, facial treatments and relief for ache and pains. CEO Francine Sommer started the company in late 2020 and expects to offer the products later in the year. “They are a significant investor,” Sommer said about New Mexico Vintage Fund without specifying an investment amount. “It will help us launch our company and market our product.” Sommer herself is a venture capitalist and was an early investor in Santa Fe tech company Descartes Labs. “I think the vintage fund plays a very important role for early-stage companies,” Sommer said. Early-stage companies, generally still in the research and development phase, typically have little or no revenue and rely on investors for operating funds. “This is a unique fund designed specifically to leverage capital for early-stage and high growth local companies, New Mexico entrepreneurs and entities whose products and services will benefit New Mexicans,” Tulchin said.

New Mexico Angels Investments

31 Investments

New Mexico Angels has made 31 investments. Their latest investment was in Ganymede Games as part of their Seed VC on November 11, 2019.

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New Mexico Angels Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/19/2019

Seed VC

Ganymede Games

$0.55M

Yes

1

5/26/2015

Series D - II

Comet Solutions

$1M

No

2

1/2/2015

Series D

Comet Solutions

$3.49M

No

1

9/3/2014

Series A

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$99M

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10

9/2/2014

Seed

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$99M

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10

Date

11/19/2019

5/26/2015

1/2/2015

9/3/2014

9/2/2014

Round

Seed VC

Series D - II

Series D

Series A

Seed

Company

Ganymede Games

Comet Solutions

Comet Solutions

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Amount

$0.55M

$1M

$3.49M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

2

1

10

10

New Mexico Angels Portfolio Exits

3 Portfolio Exits

New Mexico Angels has 3 portfolio exits. Their latest portfolio exit was JackRabbit Systems on December 18, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/18/2018

Acquired

$99M

1

9/25/2018

Acquired

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$99M

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10

11/16/2009

Asset Sale

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$99M

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0

Date

12/18/2018

9/25/2018

11/16/2009

Exit

Acquired

Acquired

Asset Sale

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

10

0

New Mexico Angels Team

3 Team Members

New Mexico Angels has 3 team members, including current President, John Chavez.

Name

Work History

Title

Status

John Chavez

President

Current

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Name

John Chavez

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Work History

Title

President

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Status

Current

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