New Mexico Vintage Fund (NM Vintage Fund) is an Albuquerque–Santa Fe, New Mexico–based early-stage venture capital fund focused on investing in early-stage and high-growth companies founded and operating in New Mexico, with the goal of amplifying the state’s startup ecosystem and delivering positive economic impact for local communities.
Pre-Seed / Seed: Primary focus on early-stage companies, including pre-product and early revenue ventures across industries.
Series A: While the core thesis is early-stage, the fund supports portfolio companies toward Series A readiness and may participate through follow-on syndication with co-investors as companies scale.
Typical Check Size: Investments generally range around ~$100,000–$250,000 per company, though actual allocations depend on fund vintage and deal specifics.
Fund Size & Structure: NM Vintage Fund operates as a micro-VC style pooled investment vehicle with successive “vintage” funds (2022, 2023, 2025, etc.), raising on the order of $1M–$2M+ per vintage to support multiple startups.
Invests in companies whose products/services can benefit local New Mexicans and drive sustainable growth for the regional economy; the approach is sector-agnostic with broad diversification by industry and company age.
Founders typically engage through introduction from ecosystem partners, New Mexico Angels, or direct outreach during active funding rounds; the fund collaborates closely with New Mexico Angels, sharing deal flow and resources.

Geography: Primarily New Mexico–based companies are prioritized, with the fund’s LP base and operations centered in Albuquerque/Santa Fe.
Profile: Early-stage companies with scalable business models and local economic benefit potential.
Team: Founders demonstrating market understanding and execution capability are preferred. 

Initial Intake & Screening: Interested companies submit executive summaries and relevant materials for preliminary evaluation against the fund’s regional impact and early-stage criteria.
 Screening & Partner Review: Fund partners assess market opportunity, team strength, and fit with the NM Vintage thesis.
 Member Evaluation & Diligence: Shortlisted startups undergo deeper due diligence involving market, product, and financial assessments by general partners and advisor groups.
 Deal Structuring & Close: Investments are structured on a deal-by-deal basis based on valuation, growth stage, and fund vintage, typically using equity or convertible instruments. 

Strategic Capital: Provides early institutional capital geared toward catalyzing growth and de-risking follow-on funding.
Network & Mentorship: Offers portfolio startups connections with local partners, angel investors (via New Mexico Angels), and industry advisors to strengthen strategic positioning and fundraising capability. 
Follow-on Support: Continued guidance and introductions to broader capital networks as companies advance toward Series A and larger rounds.