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Non-Profit Foundation
nmccap.org

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Investments

14

Portfolio Exits

3

About New Mexico Community Capital

New Mexico Community Capital is an organization dedicated to providing knowledge and capital to help high-potential, high-growth and NM-based businesses. NMCC targets investments focused on basic human needs: water, energy, food/agriculture, and health - all areas where the investment team has deep experience and markets in which New Mexico holds a competitive leadership position.

New Mexico Community Capital Headquarter Location

801 University Blvd SE Suite 102

Albuquerque, New Mexico, 87106,

United States

505-924-2820

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Latest New Mexico Community Capital News

11:38 ET U.S. Bank Foundation invests $1 million to support emerging leaders and community-led solutions to address economic dis...

Aug 6, 2021

New Mexico Community Capital receives $50,000 for the Native Entrepreneur in Residence 90-day program News provided by Share this article Share this article ALBUQUERQUE, N.M., Aug. 6, 2021 /PRNewswire/ -- U.S. Bank Foundation announced a $1 million investment to 20 nonprofit organizations, including New Mexico Community Capital (NMCC) driven by a diverse group of exceptional emerging leaders who are focused on creating effective community-led solutions toward the increasing economic disparities. Organizations are in both rural and metro communities and are focused on support for entrepreneurs and small business owners, workforce development programs and financial inclusion efforts for individuals and families as solutions to wealth building. Henry Jake Foreman, Director of Programs, New Mexico Community Capital NMCC increases economic opportunity for Native entrepreneurs by providing foundational business readiness training, including cutting edge digital courses and individually tailored technical assistance. The Native Entrepreneur in Residence 90-day program (NEIR-90) provides a three-month training curriculum focused on business pillars such as management, marketing and financials. The training teaches skills that can help increase business owners' profitability, which supports economic opportunity and mobility. "NMCC is helping business owners get to a place where they can thrive, and their businesses can grow," said Liz Gamboa, executive director of NMCC. "The NEIR-90 program is a shortened version of the impactful Native Entrepreneur in Residence (NEIR) program which has seen 46 graduates over the course of 5-plus years. We are looking forward to starting the program up again in this 3-month format." Henry Jake Foreman is an emerging leader at NMCC. Promoted to program director earlier this year, Foreman leads the educational efforts for the Financial & Business Basics program and contributed to the new curriculum for the  NEIR-90 program. As with all programs, he works to integrate indigenous methodology into his teaching, a critical method for success with program participants. Foreman went through the original NEIR program several years ago and was selected to develop the Financial & Business Basics program in 2017. He holds a master's degree in community and regional planning from the University of New Mexico. "We are dedicated to empowering our communities by listening to those with lived experience and supporting their ideas on how to address racial and economic inequities and creating lasting change," said Arturo Pérez, community affairs manager in New Mexico. "In addition to the funding, we are exploring ways to support these leaders and organizations by creating points of connection and access as well as opportunities to build their networks. We look forward to learning from these leaders as we continue to work to break down traditional power dynamics in philanthropy. "  Contact: About U.S. Bank U.S. Bancorp, with nearly 70,000 employees and $559 billion in assets as of June 30, 2021, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2021 World's Most Ethical Companies and Fortune's most admired superregional bank. Learn more at usbank.com/about SOURCE New Mexico Community Capital Related Links

New Mexico Community Capital Investments

14 Investments

New Mexico Community Capital has made 14 investments. Their latest investment was in Oscilla Power as part of their Seed VC - II on September 9, 2015.

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New Mexico Community Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/4/2015

Seed VC - II

Oscilla Power

$0.41M

No

1

7/28/2015

Series D

IntelliCyt

$5.44M

No

2

12/23/2014

Seed VC

Oscilla Power

$2.14M

Yes

3

1/8/2014

Seed

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$99M

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10

10/11/2013

Debt - II

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$99M

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10

Date

9/4/2015

7/28/2015

12/23/2014

1/8/2014

10/11/2013

Round

Seed VC - II

Series D

Seed VC

Seed

Debt - II

Company

Oscilla Power

IntelliCyt

Oscilla Power

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Amount

$0.41M

$5.44M

$2.14M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

1

2

3

10

10

New Mexico Community Capital Portfolio Exits

3 Portfolio Exits

New Mexico Community Capital has 3 portfolio exits. Their latest portfolio exit was IntelliCyt on June 28, 2016.

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

6/28/2016

Acquired

$991

3

00/00/0000

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10

00/00/0000

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10

Date

6/28/2016

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

3

10

10

New Mexico Community Capital Team

12 Team Members

New Mexico Community Capital has 12 team members, including current Chief Executive Officer, President, Andrew L. Baca.

Name

Work History

Title

Status

Gay Dillingham

Founder

Current

Andrew L. Baca

Chief Executive Officer, President

Current

Leslie Elgood

Chief Executive Officer

Current

Penelope Douglas

President

Current

Greg Merrion

President

Current

Name

Gay Dillingham

Andrew L. Baca

Leslie Elgood

Penelope Douglas

Greg Merrion

Work History

Title

Founder

Chief Executive Officer, President

Chief Executive Officer

President

President

Status

Current

Current

Current

Current

Current

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