Predict your next investment

Venture Capital
nmaventures.com

See what CB Insights has to offer

Investments

2

About NMA Ventures

NMA Ventures funds early-stage, high-technology companies based in New Mexico.

NMA Ventures Headquarter Location

1451 Innovation Parkway SE Suite 600

Albuquerque, New Mexico, 87123,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest NMA Ventures News

mPower Technology Raises Additional $1.85 Million in Series A Funding

Mar 25, 2020

Total investment of $4.35 million to support product and market development ALBUQUERQUE, N.M., March 24, 2020-- Innovative solar technology company, mPower Technology, today announced it has closed an additional $1.85 million in Series A funding, bringing the company's total Series A round to $4.35 million. The extension round included investments from Cottonwood Technology Fund, NMA Ventures, and various angel investors. The additional capital will support the development, testing and sales of the company's DragonSCALES™ (SemiConductor Active Layer Embedded Solar) solar cell technology. DragonSCALES enable disruptive, new approaches to many solar applications leveraging small advanced silicon cells integrated on a flexible substrate in a patented, highly interconnected architecture. They offer unprecedented improvements in system cost, weight, flexibility, resilience, and ease of installation and system integration. mPower Technology has gained significant market traction since the initial Series A investment, including the recent award of an SBIR (Small Business Innovation Research) contract from the US Army to develop and test solar modules for soldier portable and remote power applications. The company has also made notable progress in the space solar power market with several large opportunities related to low-Earth orbit (LEO) satellite constellations. "Cottonwood looks for 'off-the-curve' innovations in hard science that we believe can introduce disruptive impacts to applicable markets," said David Blivin, Founder and Managing Partner, Cottonwood Technology Funds. "mPower's technology is uniquely positioned to transform the space power market through its significant cost and performance advantages, and this certainly fits with our focus." Dorian Rader, Managing Partner at NMA Ventures added, "We have invested in mPower Technology because of its game-changing product technology, and we are enthusiastic about supporting this early-stage company in the New Mexico region." "We are experiencing tremendous interest in our DragonSCALES technology, not only for the rapidly growing aerospace market, but also for the terrestrial and IoT (Internet of Things) markets," said Kevin Hell, president and CEO of mPower Technology. "This supplemental capital investment will provide runway for mPower to ready its innovative technology for large-scale production and rapidly secure large commercial contracts in the space market." About mPower Technology mPower Technology is shaping the future of solar power with a revolutionary new technology called DragonSCALES™ (SemiConductor Active Layer Embedded Solar), a completely flexible, interconnected mesh of miniature solar cells. Leveraging well-established and affordable materials, processes, and tools from the silicon photovoltaic (PV) and microelectronics industries, DragonSCALES enable completely new design options for solar power, removing the constraints of existing silicon and gallium arsenide solar solutions, and enabling highly flexible, resilient, light-weight designs that can be rapidly deployed at extremely low cost. For further information, please contact info@mpowertech.com, or visit www.mpowertech.com. Contact:

NMA Ventures Investments

2 Investments

NMA Ventures has made 2 investments. Their latest investment was in mPower Technology as part of their Series A - II on March 3, 2020.

CBI Logo

NMA Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/24/2020

Series A - II

mPower Technology

$1.85M

Yes

Cottonwood Technology Fund, and Undisclosed Angel Investors

9

10/31/2018

Seed

Subscribe to see more

$99M

Subscribe to see more

10

Date

3/24/2020

10/31/2018

Round

Series A - II

Seed

Company

mPower Technology

Subscribe to see more

Amount

$1.85M

$99M

New?

Yes

Subscribe to see more

Co-Investors

Cottonwood Technology Fund, and Undisclosed Angel Investors

Sources

9

10

NMA Ventures Team

2 Team Members

NMA Ventures has 2 team members, including current Managing Partner, Dorian Rader.

Name

Work History

Title

Status

Dorian Rader

Managing Partner

Current

John Chavez

General Partner

Current

Name

Dorian Rader

John Chavez

Work History

Title

Managing Partner

General Partner

Status

Current

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.