Cottonwood Technology Fund

Cottonwood Technology Fund is a venture capital firm based in Santa Fe, New Mexico, founded in 2009. The firm specializes in early-stage investments, focusing on disruptive technologies across various sectors, including healthcare, nanotechnology, robotics, advanced materials, and clean energy. Cottonwood is particularly interested in patent-based high-tech and hardware startups, as well as opportunities in telecom and automotive industries. The firm primarily invests in the Southwestern United States, covering regions such as Arizona, New Mexico, Texas, Colorado, and Utah, with additional interests in Northern Europe, including the Netherlands. Investments typically range from $1 million to $3 million, and Cottonwood often seeks to take board seats in its portfolio companies to actively engage in their growth and development.

Alan R. Abbott

Special Limited Partner and Venture Partner

Avi Arora

Analyst

Sabine Bijker

Investor

Dave Blivin

Managing Partner

David Blivin

Founder and Managing Partner

Patrick Claessen

Partner

Shinjan Dasgupta

Venture Partner

Karol Fels

Analyst

Michael Jackson

Partner

Alain Loux

General Partner

Lucas Marshall

Partner

Matthew Ongaro

Partner

Lee Rand

Partner

56 past transactions

Infinitum

Series D in 2022
Infinitum Electric Inc. is a technology company based in Austin, Texas, specializing in the manufacture of electric motors and control products. Established in 2014, the company leverages its innovative printed circuit board (PCB) stator technology to produce lightweight, efficient, and durable electric motors. This technology positions Infinitum at the forefront of the motor industry, offering products that are not only cost-effective but also optimized for a variety of applications across multiple sectors. Infinitum Electric collaborates with global manufacturers and industrial original equipment manufacturers (OEMs) to tailor its motor solutions to meet specific market needs. The company, previously known as Fanergies Inc., rebranded in December 2016 to reflect its focus on advanced motor technology.

BioFlyte

Series A in 2022
BioFlyte specializes in the development of advanced bio-threat detection devices aimed at safeguarding against biological and low-volatility chemical threats. The company's innovative aerosol mass spectrometers are capable of autonomously sampling ambient air in critical environments, while also allowing for the manual analysis of liquid or powder samples. These instruments can identify a range of threats, including microbes, bio-toxins, and airborne chemicals, providing timely alerts to users about potential dangers. BioFlyte's technologies are designed to enhance safety and security by enabling effective responses to bio-chemical risks.

SmartNanotubes

Series A in 2022
SmartNanotubes Technologies is a start-up company's odor sensor works on the basis of nanotechnology.

mPower Technology

Series B in 2022
mPower Technology, Inc. is a manufacturer of interconnected meshes of miniature solar cells, founded in 2014 and headquartered in Albuquerque, New Mexico. The company specializes in developing semiconductor active miniature solar cells tailored for the space, terrestrial, and Internet of Things (IoT) industries. By utilizing advanced materials and processes from the silicon photovoltaic and microelectronics sectors, mPower Technology provides a flexible solar solution that overcomes the limitations of traditional silicon and gallium arsenide solar cells. This innovation allows clients to enhance the performance and longevity of solar cells even in challenging environments, such as those encountered in space, where on-orbit radiation recovery is critical. The company's experienced team aims to advance solar power technology on a global scale.

Circular Genomics

Seed Round in 2021
Circular Genomics is a biotechnology company based in Albuquerque, New Mexico, focused on developing RNA-based diagnostic and therapeutic assays aimed at treating psychiatric and neurological diseases. Founded in 2021, the company specializes in circular RNA diagnostics, which provide an evidence-based approach to managing depressive disorders. This innovative technology significantly reduces the time required to achieve a therapeutic response in patients, allowing healthcare providers to more effectively diagnose and treat various psychiatric conditions. Through its advancements in RNA diagnostics, Circular Genomics seeks to enhance treatment outcomes for individuals suffering from these challenging illnesses.

Armonica

Series B in 2021
Armonica Technologies is an early-stage medtech company specializing in long-read DNA sequencing technology aimed at precision medicine applications. Named after Benjamin Franklin's Glass Armonica, the company has developed a proprietary platform that can sequence a complete human genome in minutes. This innovative technology utilizes nanochannels to guide single nucleic acid molecules through nanopores, allowing for optical readout through Raman spectroscopy. By overcoming the limitations of existing sequencing technologies, Armonica's platform offers life science researchers and clinicians a comprehensive understanding of the genome, including critical insights into all epigenetic modifications. The company holds a portfolio of patented and patent-pending technologies licensed from STC.UNM, positioning it at the forefront of advancements in genomic sequencing.

Infinitum

Series C in 2021
Infinitum Electric Inc. is a technology company based in Austin, Texas, specializing in the manufacture of electric motors and control products. Established in 2014, the company leverages its innovative printed circuit board (PCB) stator technology to produce lightweight, efficient, and durable electric motors. This technology positions Infinitum at the forefront of the motor industry, offering products that are not only cost-effective but also optimized for a variety of applications across multiple sectors. Infinitum Electric collaborates with global manufacturers and industrial original equipment manufacturers (OEMs) to tailor its motor solutions to meet specific market needs. The company, previously known as Fanergies Inc., rebranded in December 2016 to reflect its focus on advanced motor technology.

Sencure

Seed Round in 2021
Developer of medical wearables designed to measure electrophysiological parameters on the human body. The company develops an ultra-low-power biometric sensing chip offering wearable biometric services across a wide range of applications for medical technology companies, enabling healthcare professionals to monitor stress and activity levels in people's daily lives.

BayoTech

Series C in 2021
BayoTech, Inc. is a company that specializes in the development and manufacturing of hydrogen generation systems and reformers, including steam methane reformers. Founded in 2015 and headquartered in Albuquerque, New Mexico, BayoTech focuses on creating hydrogen-based products for sectors such as agriculture, fuel cells, and energy. The company aims to centralize the hydrogen supply chain by establishing local hydrogen production hubs, offering a comprehensive portfolio that includes production, transport, storage, and fueling solutions. This approach allows BayoTech to provide reliable, cost-effective, and low-carbon hydrogen, making it accessible to various clients.

BennuBio

Series B in 2020
BennuBio, Inc. develops innovative flow cytometry equipment designed for cell sorting and analysis across various applications, including rare cell detection and monitoring. Their flagship product, The Velocyt, enables users to analyze rare events such as activated T cells, immune cells for personalized medicine, fetal cells from maternal blood, and circulating tumor cells. The company also offers spheroid generation systems and high-volume sorting systems, alongside technical support and application services. Founded in 2018 and based in Albuquerque, New Mexico, BennuBio aims to improve healthcare outcomes by providing advanced tools for cell counting, sorting, and biomarker detection, accommodating a wide range of sample volumes and particle sizes.

mPower Technology

Series A in 2020
mPower Technology, Inc. is a manufacturer of interconnected meshes of miniature solar cells, founded in 2014 and headquartered in Albuquerque, New Mexico. The company specializes in developing semiconductor active miniature solar cells tailored for the space, terrestrial, and Internet of Things (IoT) industries. By utilizing advanced materials and processes from the silicon photovoltaic and microelectronics sectors, mPower Technology provides a flexible solar solution that overcomes the limitations of traditional silicon and gallium arsenide solar cells. This innovation allows clients to enhance the performance and longevity of solar cells even in challenging environments, such as those encountered in space, where on-orbit radiation recovery is critical. The company's experienced team aims to advance solar power technology on a global scale.

Infinitum

Series B in 2019
Infinitum Electric Inc. is a technology company based in Austin, Texas, specializing in the manufacture of electric motors and control products. Established in 2014, the company leverages its innovative printed circuit board (PCB) stator technology to produce lightweight, efficient, and durable electric motors. This technology positions Infinitum at the forefront of the motor industry, offering products that are not only cost-effective but also optimized for a variety of applications across multiple sectors. Infinitum Electric collaborates with global manufacturers and industrial original equipment manufacturers (OEMs) to tailor its motor solutions to meet specific market needs. The company, previously known as Fanergies Inc., rebranded in December 2016 to reflect its focus on advanced motor technology.

OPNT

Convertible Note in 2019
OPNT B.V. specializes in network-based solutions for optical positioning, navigation, and timing. Established in 2014 as a spin-off from LaserLaB at VU University Amsterdam, the company focuses on the specialized field of time and frequency transfer research. OPNT offers innovative products, including a time distribution system that utilizes fiber-optical networks to provide accurate frequency and timing signals, as well as retrofit frequency distribution systems compatible with dense wavelength division multiplexing networks. The company's mission is to deliver reliable and cost-effective timing solutions that enhance the performance of telecommunications networks while maintaining independence from GPS timing. By leveraging existing fiber-optical infrastructure, OPNT enables tight synchronization of clocks, ultimately offering greater flexibility and reliability in telecom operations while reducing operational expenses.

Infinitum

Series A in 2019
Infinitum Electric Inc. is a technology company based in Austin, Texas, specializing in the manufacture of electric motors and control products. Established in 2014, the company leverages its innovative printed circuit board (PCB) stator technology to produce lightweight, efficient, and durable electric motors. This technology positions Infinitum at the forefront of the motor industry, offering products that are not only cost-effective but also optimized for a variety of applications across multiple sectors. Infinitum Electric collaborates with global manufacturers and industrial original equipment manufacturers (OEMs) to tailor its motor solutions to meet specific market needs. The company, previously known as Fanergies Inc., rebranded in December 2016 to reflect its focus on advanced motor technology.

Sarcos Corp.

Series B in 2018
Sarcos is a wearable and teleoperated industrial robotics company that augments humans to enhance productivity and safety. Sarcos Robotics augments human performance by combining human intelligence, instinct, and judgment with the strength, endurance, and precision of machines to enhance employee safety and productivity. Leveraging more than 25 years of research and development, Sarcos’ mobile robotic systems, including the Guardian® S, Guardian® GT, and Guardian® XO®, are revolutionizing the future of work wherever physically demanding work is done. Formerly the robotics division of a major defense contractor, Sarcos is based in Salt Lake City, Utah, powered by an innovative team of entrepreneurs and engineers, and backed by Caterpillar, GE Ventures, Microsoft, and Schlumberger.

BennuBio

Series A in 2018
BennuBio, Inc. develops innovative flow cytometry equipment designed for cell sorting and analysis across various applications, including rare cell detection and monitoring. Their flagship product, The Velocyt, enables users to analyze rare events such as activated T cells, immune cells for personalized medicine, fetal cells from maternal blood, and circulating tumor cells. The company also offers spheroid generation systems and high-volume sorting systems, alongside technical support and application services. Founded in 2018 and based in Albuquerque, New Mexico, BennuBio aims to improve healthcare outcomes by providing advanced tools for cell counting, sorting, and biomarker detection, accommodating a wide range of sample volumes and particle sizes.

Eurekite

Series A in 2018
Eurekite BV, based in Enschede, the Netherlands, specializes in the manufacture of flexible ceramic materials. Established in May 2015 as a spin-off from the University of Twente, the company focuses on the development and commercialization of its innovative technology, known as Flexiramics®. This technology emerged from the Inorganic Materials Science Group of the MESA + Institute for Nanotechnology, led by Professor Andre ten Elshof. Eurekite combines expertise in formulation chemistry, production technology, and composite development, with its disruptive materials attracting investment from prominent venture capital firms.

BayoTech

Series B in 2018
BayoTech, Inc. is a company that specializes in the development and manufacturing of hydrogen generation systems and reformers, including steam methane reformers. Founded in 2015 and headquartered in Albuquerque, New Mexico, BayoTech focuses on creating hydrogen-based products for sectors such as agriculture, fuel cells, and energy. The company aims to centralize the hydrogen supply chain by establishing local hydrogen production hubs, offering a comprehensive portfolio that includes production, transport, storage, and fueling solutions. This approach allows BayoTech to provide reliable, cost-effective, and low-carbon hydrogen, making it accessible to various clients.

RoBird

Series B in 2017
Clear Flight Solutions is a Dutch company combining expert knowledge of unmanned aerial vehicles with extensive expertise in the ecological domain. Whether the situation requires a robotic bird of prey or a stable multicopter, the Company provides a working solution. With the Robirds, flying on unique patented flapping wing technology, the Company offers unmatched effectiveness in the field of bird control. Clear Flight Solutions also offers unique platforms for wildlife observation and protection, safety and surveillance, and surveying and mapping. After winning the UVS International Innovation Award in 2011, the Company was founded in 2012 as a spin-off of the University of Twente. Clear Flight Solutions has obtained a $1.7 million investment from the Cottonwood Euro Technology Fund early 2015. The Company was elected Startup of the Year in the Twente region in 2015 and has recently been awarded with the euRobotics Technology Transfer Award, the ASME Young Technology Award, as well as the first ever EU Drone Award for best drone-based solution.

SoundEnergy

Venture Round in 2017
Sound Energy BV is established to develop and commercialise new technologies to reduce fossile energy consumption. Their main focus is SoundEnergy’s breaktrough innovation in Thermo Acoustic Technology for Zero CO2 climate control of buildings. They are a modern company in sustainability, integrating environmental concern, scientific knowledge and business mentality. The environment will benefit most from technologies that are good cause as well as good investment.

Armonica

Seed Round in 2017
Armonica Technologies is an early-stage medtech company specializing in long-read DNA sequencing technology aimed at precision medicine applications. Named after Benjamin Franklin's Glass Armonica, the company has developed a proprietary platform that can sequence a complete human genome in minutes. This innovative technology utilizes nanochannels to guide single nucleic acid molecules through nanopores, allowing for optical readout through Raman spectroscopy. By overcoming the limitations of existing sequencing technologies, Armonica's platform offers life science researchers and clinicians a comprehensive understanding of the genome, including critical insights into all epigenetic modifications. The company holds a portfolio of patented and patent-pending technologies licensed from STC.UNM, positioning it at the forefront of advancements in genomic sequencing.

OPNT

Convertible Note in 2017
OPNT B.V. specializes in network-based solutions for optical positioning, navigation, and timing. Established in 2014 as a spin-off from LaserLaB at VU University Amsterdam, the company focuses on the specialized field of time and frequency transfer research. OPNT offers innovative products, including a time distribution system that utilizes fiber-optical networks to provide accurate frequency and timing signals, as well as retrofit frequency distribution systems compatible with dense wavelength division multiplexing networks. The company's mission is to deliver reliable and cost-effective timing solutions that enhance the performance of telecommunications networks while maintaining independence from GPS timing. By leveraging existing fiber-optical infrastructure, OPNT enables tight synchronization of clocks, ultimately offering greater flexibility and reliability in telecom operations while reducing operational expenses.

TriLumina

Venture Round in 2017
TriLumina Corporation, established in 2010 and based in Albuquerque, New Mexico, specializes in manufacturing semiconductor lasers, particularly vertical-cavity surface-emitting lasers (VCSEL) for advanced illumination solutions. The company focuses on applications in 3D sensing and LiDAR technology, catering to automotive, industrial, and mobile markets. TriLumina's patented VCSEL innovations support the rapid development of next-generation technologies, making them a preferred choice for various applications, including augmented reality, virtual reality, 3D cameras, and autonomous vehicles. Their products are designed for integration into Time-of-Flight and Long Range LiDAR systems, as well as in-cabin applications, and have attained automotive Grade 1 temperature range AEC-Q102 qualification, ensuring high performance and reliability for clients in demanding environments.

Sarcos Corp.

Venture Round in 2016
Sarcos is a wearable and teleoperated industrial robotics company that augments humans to enhance productivity and safety. Sarcos Robotics augments human performance by combining human intelligence, instinct, and judgment with the strength, endurance, and precision of machines to enhance employee safety and productivity. Leveraging more than 25 years of research and development, Sarcos’ mobile robotic systems, including the Guardian® S, Guardian® GT, and Guardian® XO®, are revolutionizing the future of work wherever physically demanding work is done. Formerly the robotics division of a major defense contractor, Sarcos is based in Salt Lake City, Utah, powered by an innovative team of entrepreneurs and engineers, and backed by Caterpillar, GE Ventures, Microsoft, and Schlumberger.

OPNT

Series A in 2015
OPNT B.V. specializes in network-based solutions for optical positioning, navigation, and timing. Established in 2014 as a spin-off from LaserLaB at VU University Amsterdam, the company focuses on the specialized field of time and frequency transfer research. OPNT offers innovative products, including a time distribution system that utilizes fiber-optical networks to provide accurate frequency and timing signals, as well as retrofit frequency distribution systems compatible with dense wavelength division multiplexing networks. The company's mission is to deliver reliable and cost-effective timing solutions that enhance the performance of telecommunications networks while maintaining independence from GPS timing. By leveraging existing fiber-optical infrastructure, OPNT enables tight synchronization of clocks, ultimately offering greater flexibility and reliability in telecom operations while reducing operational expenses.

Eurekite

Seed Round in 2015
Eurekite BV, based in Enschede, the Netherlands, specializes in the manufacture of flexible ceramic materials. Established in May 2015 as a spin-off from the University of Twente, the company focuses on the development and commercialization of its innovative technology, known as Flexiramics®. This technology emerged from the Inorganic Materials Science Group of the MESA + Institute for Nanotechnology, led by Professor Andre ten Elshof. Eurekite combines expertise in formulation chemistry, production technology, and composite development, with its disruptive materials attracting investment from prominent venture capital firms.

RoBird

Series A in 2015
Clear Flight Solutions is a Dutch company combining expert knowledge of unmanned aerial vehicles with extensive expertise in the ecological domain. Whether the situation requires a robotic bird of prey or a stable multicopter, the Company provides a working solution. With the Robirds, flying on unique patented flapping wing technology, the Company offers unmatched effectiveness in the field of bird control. Clear Flight Solutions also offers unique platforms for wildlife observation and protection, safety and surveillance, and surveying and mapping. After winning the UVS International Innovation Award in 2011, the Company was founded in 2012 as a spin-off of the University of Twente. Clear Flight Solutions has obtained a $1.7 million investment from the Cottonwood Euro Technology Fund early 2015. The Company was elected Startup of the Year in the Twente region in 2015 and has recently been awarded with the euRobotics Technology Transfer Award, the ASME Young Technology Award, as well as the first ever EU Drone Award for best drone-based solution.

Masterson Industries

Series A in 2015
Masterson Industries, LLC, established in 2012 and located in Albuquerque, New Mexico, specializes in the development and manufacturing of microgravity-enabled and semiconductor materials, including gallium nitride. The company has built a substantial portfolio of intellectual property and recently expanded its operations into a new production facility. Masterson Industries produces specialty materials that cater to various sectors, including defense, medical devices, electronics, and telecommunications. With a newly appointed sales and marketing team focused on these industries, the company is poised for commercial expansion and is currently preparing for a commercialization demonstration.

Raptor Products

Series A in 2015
Raptor Products Inc. specializes in manufacturing durable firearms accessories that prioritize security and accessibility for gun owners. The company offers innovative mounting and display solutions designed for a range of users, including home self-defense enthusiasts, tactical teams, law enforcement, and gun store owners. Utilizing military-grade materials such as polymer and stainless steel, Raptor Products' systems feature auto-locking technology that securely attaches to firearms via the Picatinny rail. This design not only ensures the safety of the firearms but also enhances the display options available to users, providing them with confidence in storing, staging, and showcasing their weapons.

TriLumina

Series B in 2015
TriLumina Corporation, established in 2010 and based in Albuquerque, New Mexico, specializes in manufacturing semiconductor lasers, particularly vertical-cavity surface-emitting lasers (VCSEL) for advanced illumination solutions. The company focuses on applications in 3D sensing and LiDAR technology, catering to automotive, industrial, and mobile markets. TriLumina's patented VCSEL innovations support the rapid development of next-generation technologies, making them a preferred choice for various applications, including augmented reality, virtual reality, 3D cameras, and autonomous vehicles. Their products are designed for integration into Time-of-Flight and Long Range LiDAR systems, as well as in-cabin applications, and have attained automotive Grade 1 temperature range AEC-Q102 qualification, ensuring high performance and reliability for clients in demanding environments.

Skorpios Technologies

Series D in 2015
Skorpios Technologies, Inc., a fabless semiconductor company, develops and markets silicon photonic integrated circuit (IC) products. The company offers 100G-CWDM system-on-chip fully integrated opto-electronic S-roC receiver ICs and S-toC transmitter ICs. It also provides Skorpios’ Template Assisted Bonding, a platform to address various applications that include high-speed video, data, and voice communications for networking and cloud computing, storage, wireless, and cable TV; and Skorpios optical ASICs that are constructed from a set of photonic and electrical macrocell building blocks. The company serves to aerospace and defense, bioelectronics, and communications sectors. Skorpios Technologies, Inc. was founded in 2009 and is based in Albuquerque, New Mexico.

Respira Therapeutics

Convertible Note in 2015
Respira Therapeutics, Inc. is a drug development company based in Albuquerque, New Mexico, established in 2010. The company specializes in the pulmonary delivery of therapeutics aimed at addressing respiratory diseases with unmet medical needs. Respira focuses on the development and commercialization of passive dry powder inhalers (DPIs) that utilize a novel drug delivery engine and mechanism of action for effective lung therapy. The company has achieved clinical proof-of-principle for its technology, which has demonstrated superior drug dispersion performance compared to existing devices. This positions Respira's DPIs to potentially replace currently marketed inhalation devices and expand inhaled therapies across various drug classes and disease indications, particularly in high-value therapeutic areas. Additionally, Respira maintains a strategic collaboration with United Therapeutics Corporation to further its objectives in this field.

Respira Therapeutics

Convertible Note in 2014
Respira Therapeutics, Inc. is a drug development company based in Albuquerque, New Mexico, established in 2010. The company specializes in the pulmonary delivery of therapeutics aimed at addressing respiratory diseases with unmet medical needs. Respira focuses on the development and commercialization of passive dry powder inhalers (DPIs) that utilize a novel drug delivery engine and mechanism of action for effective lung therapy. The company has achieved clinical proof-of-principle for its technology, which has demonstrated superior drug dispersion performance compared to existing devices. This positions Respira's DPIs to potentially replace currently marketed inhalation devices and expand inhaled therapies across various drug classes and disease indications, particularly in high-value therapeutic areas. Additionally, Respira maintains a strategic collaboration with United Therapeutics Corporation to further its objectives in this field.

Exagen

Debt Financing in 2014
Exagen is a life science company based in Vista, California, focused on the accurate diagnosis and monitoring of patients with autoimmune rheumatic diseases. Established in 2002, Exagen offers a range of testing products under its AVISE brand, which are designed to furnish objective information for physicians and patients. These tests facilitate accurate and timely diagnoses, enabling better management of autoimmune rheumatic diseases. Exagen primarily markets its solutions to community rheumatologists, addressing a significant unmet need in the field of rheumatology.

xF Technologies

Debt Financing in 2014
XF Technologies is a technology company that recycles renewable waste biomass into valuable products such as fuel, additives, petrochemical replacements, and specialty chemicals. Its molecular platform belongs to a family of chemicals called furaotes or simply 408s that provide similar or superior performance to the ingredients they intend to replace. In some cases, 408s can replace multiple ingredients in a formulation leading to significant cost savings. In other applications cost savings is a result of the total cost of ownership of the final product due to its improved environmental health and safety (EHS) rating. XF Technologies was founded in 2007 and is headquartered in Albuquerque, New Mexico.

TriLumina

Series A in 2014
TriLumina Corporation, established in 2010 and based in Albuquerque, New Mexico, specializes in manufacturing semiconductor lasers, particularly vertical-cavity surface-emitting lasers (VCSEL) for advanced illumination solutions. The company focuses on applications in 3D sensing and LiDAR technology, catering to automotive, industrial, and mobile markets. TriLumina's patented VCSEL innovations support the rapid development of next-generation technologies, making them a preferred choice for various applications, including augmented reality, virtual reality, 3D cameras, and autonomous vehicles. Their products are designed for integration into Time-of-Flight and Long Range LiDAR systems, as well as in-cabin applications, and have attained automotive Grade 1 temperature range AEC-Q102 qualification, ensuring high performance and reliability for clients in demanding environments.

xF Technologies

Series A in 2014
XF Technologies is a technology company that recycles renewable waste biomass into valuable products such as fuel, additives, petrochemical replacements, and specialty chemicals. Its molecular platform belongs to a family of chemicals called furaotes or simply 408s that provide similar or superior performance to the ingredients they intend to replace. In some cases, 408s can replace multiple ingredients in a formulation leading to significant cost savings. In other applications cost savings is a result of the total cost of ownership of the final product due to its improved environmental health and safety (EHS) rating. XF Technologies was founded in 2007 and is headquartered in Albuquerque, New Mexico.

Skorpios Technologies

Series C in 2013
Skorpios Technologies, Inc., a fabless semiconductor company, develops and markets silicon photonic integrated circuit (IC) products. The company offers 100G-CWDM system-on-chip fully integrated opto-electronic S-roC receiver ICs and S-toC transmitter ICs. It also provides Skorpios’ Template Assisted Bonding, a platform to address various applications that include high-speed video, data, and voice communications for networking and cloud computing, storage, wireless, and cable TV; and Skorpios optical ASICs that are constructed from a set of photonic and electrical macrocell building blocks. The company serves to aerospace and defense, bioelectronics, and communications sectors. Skorpios Technologies, Inc. was founded in 2009 and is based in Albuquerque, New Mexico.

Exagen

Debt Financing in 2013
Exagen is a life science company based in Vista, California, focused on the accurate diagnosis and monitoring of patients with autoimmune rheumatic diseases. Established in 2002, Exagen offers a range of testing products under its AVISE brand, which are designed to furnish objective information for physicians and patients. These tests facilitate accurate and timely diagnoses, enabling better management of autoimmune rheumatic diseases. Exagen primarily markets its solutions to community rheumatologists, addressing a significant unmet need in the field of rheumatology.

Masterson Industries

Series A in 2013
Masterson Industries, LLC, established in 2012 and located in Albuquerque, New Mexico, specializes in the development and manufacturing of microgravity-enabled and semiconductor materials, including gallium nitride. The company has built a substantial portfolio of intellectual property and recently expanded its operations into a new production facility. Masterson Industries produces specialty materials that cater to various sectors, including defense, medical devices, electronics, and telecommunications. With a newly appointed sales and marketing team focused on these industries, the company is poised for commercial expansion and is currently preparing for a commercialization demonstration.

Respira Therapeutics

Series A in 2013
Respira Therapeutics, Inc. is a drug development company based in Albuquerque, New Mexico, established in 2010. The company specializes in the pulmonary delivery of therapeutics aimed at addressing respiratory diseases with unmet medical needs. Respira focuses on the development and commercialization of passive dry powder inhalers (DPIs) that utilize a novel drug delivery engine and mechanism of action for effective lung therapy. The company has achieved clinical proof-of-principle for its technology, which has demonstrated superior drug dispersion performance compared to existing devices. This positions Respira's DPIs to potentially replace currently marketed inhalation devices and expand inhaled therapies across various drug classes and disease indications, particularly in high-value therapeutic areas. Additionally, Respira maintains a strategic collaboration with United Therapeutics Corporation to further its objectives in this field.

xF Technologies

Series A in 2013
XF Technologies is a technology company that recycles renewable waste biomass into valuable products such as fuel, additives, petrochemical replacements, and specialty chemicals. Its molecular platform belongs to a family of chemicals called furaotes or simply 408s that provide similar or superior performance to the ingredients they intend to replace. In some cases, 408s can replace multiple ingredients in a formulation leading to significant cost savings. In other applications cost savings is a result of the total cost of ownership of the final product due to its improved environmental health and safety (EHS) rating. XF Technologies was founded in 2007 and is headquartered in Albuquerque, New Mexico.

VeriTran

Seed Round in 2013
VeriTran Inc., based in Albuquerque, New Mexico, specializes in the development of infinitely variable transmissions and power trains. Founded in 1998 by the inventors of its patented technology, the company produces compact belted drives designed for adjustable and variable speed applications, particularly for electric motors. VeriTran's products cater to a range of uses, including electric motor variable speed drives, engine-driven generators, small wind turbines, and automotive transmissions. The company has formed a strategic partnership with TEAM Technologies Inc. to enhance its offerings in the market.

FibeRio

Series C in 2013
FibeRio Technology Corporation specializes in nanofiber production systems, offering a technology platform that enables manufacturers to produce nanofibers on a commercial scale. The company focuses on utilizing polymers in an environmentally sensitive process, addressing the growing demand for these advanced materials. By employing rapid response manufacturing methodologies, FibeRio efficiently develops and delivers its Forcespinning technology, which is recognized for producing high-quality and cost-effective equipment. Through its innovative approach, the company aims to transform the materials market by making nanofibers widely available.

TriLumina

Series A in 2013
TriLumina Corporation, established in 2010 and based in Albuquerque, New Mexico, specializes in manufacturing semiconductor lasers, particularly vertical-cavity surface-emitting lasers (VCSEL) for advanced illumination solutions. The company focuses on applications in 3D sensing and LiDAR technology, catering to automotive, industrial, and mobile markets. TriLumina's patented VCSEL innovations support the rapid development of next-generation technologies, making them a preferred choice for various applications, including augmented reality, virtual reality, 3D cameras, and autonomous vehicles. Their products are designed for integration into Time-of-Flight and Long Range LiDAR systems, as well as in-cabin applications, and have attained automotive Grade 1 temperature range AEC-Q102 qualification, ensuring high performance and reliability for clients in demanding environments.

Exagen

Series C in 2012
Exagen is a life science company based in Vista, California, focused on the accurate diagnosis and monitoring of patients with autoimmune rheumatic diseases. Established in 2002, Exagen offers a range of testing products under its AVISE brand, which are designed to furnish objective information for physicians and patients. These tests facilitate accurate and timely diagnoses, enabling better management of autoimmune rheumatic diseases. Exagen primarily markets its solutions to community rheumatologists, addressing a significant unmet need in the field of rheumatology.

xF Technologies

Series A in 2012
XF Technologies is a technology company that recycles renewable waste biomass into valuable products such as fuel, additives, petrochemical replacements, and specialty chemicals. Its molecular platform belongs to a family of chemicals called furaotes or simply 408s that provide similar or superior performance to the ingredients they intend to replace. In some cases, 408s can replace multiple ingredients in a formulation leading to significant cost savings. In other applications cost savings is a result of the total cost of ownership of the final product due to its improved environmental health and safety (EHS) rating. XF Technologies was founded in 2007 and is headquartered in Albuquerque, New Mexico.

InView

Series A in 2012
InView Technology Corporation develops and manufactures compressive sensing-based imaging and hyperspectral imaging products. The company offers CompressView software that helps to manage the setup, capture, and post-process and reconstruction of the captured data; SWIR cameras; and controllable spatial light modulator system. Its applications include microscopy and life sciences, military and surveillance, maritime, and compressive sensing. The company was founded in 2009 and is based in Austin, Texas.

Exagen

Venture Round in 2012
Exagen is a life science company based in Vista, California, focused on the accurate diagnosis and monitoring of patients with autoimmune rheumatic diseases. Established in 2002, Exagen offers a range of testing products under its AVISE brand, which are designed to furnish objective information for physicians and patients. These tests facilitate accurate and timely diagnoses, enabling better management of autoimmune rheumatic diseases. Exagen primarily markets its solutions to community rheumatologists, addressing a significant unmet need in the field of rheumatology.

Exagen

Venture Round in 2011
Exagen is a life science company based in Vista, California, focused on the accurate diagnosis and monitoring of patients with autoimmune rheumatic diseases. Established in 2002, Exagen offers a range of testing products under its AVISE brand, which are designed to furnish objective information for physicians and patients. These tests facilitate accurate and timely diagnoses, enabling better management of autoimmune rheumatic diseases. Exagen primarily markets its solutions to community rheumatologists, addressing a significant unmet need in the field of rheumatology.

Skorpios Technologies

Series B in 2011
Skorpios Technologies, Inc., a fabless semiconductor company, develops and markets silicon photonic integrated circuit (IC) products. The company offers 100G-CWDM system-on-chip fully integrated opto-electronic S-roC receiver ICs and S-toC transmitter ICs. It also provides Skorpios’ Template Assisted Bonding, a platform to address various applications that include high-speed video, data, and voice communications for networking and cloud computing, storage, wireless, and cable TV; and Skorpios optical ASICs that are constructed from a set of photonic and electrical macrocell building blocks. The company serves to aerospace and defense, bioelectronics, and communications sectors. Skorpios Technologies, Inc. was founded in 2009 and is based in Albuquerque, New Mexico.

FibeRio

Series B in 2011
FibeRio Technology Corporation specializes in nanofiber production systems, offering a technology platform that enables manufacturers to produce nanofibers on a commercial scale. The company focuses on utilizing polymers in an environmentally sensitive process, addressing the growing demand for these advanced materials. By employing rapid response manufacturing methodologies, FibeRio efficiently develops and delivers its Forcespinning technology, which is recognized for producing high-quality and cost-effective equipment. Through its innovative approach, the company aims to transform the materials market by making nanofibers widely available.

Exagen

Venture Round in 2011
Exagen is a life science company based in Vista, California, focused on the accurate diagnosis and monitoring of patients with autoimmune rheumatic diseases. Established in 2002, Exagen offers a range of testing products under its AVISE brand, which are designed to furnish objective information for physicians and patients. These tests facilitate accurate and timely diagnoses, enabling better management of autoimmune rheumatic diseases. Exagen primarily markets its solutions to community rheumatologists, addressing a significant unmet need in the field of rheumatology.

Exagen

Venture Round in 2011
Exagen is a life science company based in Vista, California, focused on the accurate diagnosis and monitoring of patients with autoimmune rheumatic diseases. Established in 2002, Exagen offers a range of testing products under its AVISE brand, which are designed to furnish objective information for physicians and patients. These tests facilitate accurate and timely diagnoses, enabling better management of autoimmune rheumatic diseases. Exagen primarily markets its solutions to community rheumatologists, addressing a significant unmet need in the field of rheumatology.

Respira Therapeutics

Series A in 2010
Respira Therapeutics, Inc. is a drug development company based in Albuquerque, New Mexico, established in 2010. The company specializes in the pulmonary delivery of therapeutics aimed at addressing respiratory diseases with unmet medical needs. Respira focuses on the development and commercialization of passive dry powder inhalers (DPIs) that utilize a novel drug delivery engine and mechanism of action for effective lung therapy. The company has achieved clinical proof-of-principle for its technology, which has demonstrated superior drug dispersion performance compared to existing devices. This positions Respira's DPIs to potentially replace currently marketed inhalation devices and expand inhaled therapies across various drug classes and disease indications, particularly in high-value therapeutic areas. Additionally, Respira maintains a strategic collaboration with United Therapeutics Corporation to further its objectives in this field.

FibeRio

Series A in 2010
FibeRio Technology Corporation specializes in nanofiber production systems, offering a technology platform that enables manufacturers to produce nanofibers on a commercial scale. The company focuses on utilizing polymers in an environmentally sensitive process, addressing the growing demand for these advanced materials. By employing rapid response manufacturing methodologies, FibeRio efficiently develops and delivers its Forcespinning technology, which is recognized for producing high-quality and cost-effective equipment. Through its innovative approach, the company aims to transform the materials market by making nanofibers widely available.
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