The New Mexico Angels (NM Angels) is a nonprofit accredited angel investment membership group based in Albuquerque, New Mexico, dedicated to supporting early-stage, high-growth companies in New Mexico and the broader Southwest by connecting founders with angel capital, mentorship, and ecosystem resources.
Pre-Seed / Seed: Core focus on early-stage and seed investments for companies with growth potential.
Series A: Participates indirectly through follow-on syndication with regional and national co-investors; primary activity centers on early institutional rounds.
Typical check sizes: ~$100K–$300K+ per deal from aggregated angel participation.
Total capital invested by members has exceeded $40M+ since 1999 across 75+ portfolio companies.
Invests broadly across sectors including technology, healthcare, clean tech, IT services, and more, seeking scalable business models and strong teams with a clear path to market.
Founders apply through the Gust platform, submitting a complete pitch deck and supporting materials for evaluation.
Important ecosystem touchpoints include hosted events like Ski Lift Pitch, investor forums, screening committee sessions, and educational workshops designed to increase capital readiness. 

Geography: Priority for New Mexico-based companies and entrepreneurs, though startups with meaningful regional impact or connections may also attract interest. 
Profile: Early-stage startups (Pre-Seed, Seed, early institutional rounds) with product or market validation underway. 
Team: Preference for founders with strong execution capabilities and openness to mentorship and investor collaboration. 

Initial Intake & Screening: Companies submit applications via Gust; the Screening Committee reviews for alignment with investment criteria and market potential.
Screening Committee Review: Monthly committee meetings assess applications and determine which startups advance to member consideration.
Member Presentation: Shortlisted startups present to the full NM Angels membership for investment consideration.
Due Diligence: Interested members lead market, team, and product diligence collaboratively.
Deal Structuring & Close: Investments are negotiated on a deal-by-deal basis, often using SAFE notes, convertible instruments, or direct equity as agreed with founders.

Strategic Capital: Provides coordinated angel equity capital through its membership to accelerate early growth. 
Network & Mentorship: Offers access to an active network of accredited investors, advisors, and ecosystem partners in New Mexico and the Southwest. 
Follow-on Support: Continues to support portfolio companies through introductions to potential follow-on investors, regional funds, and co-investment networks as they scale.