Cottonwood Technology Fund

Cottonwood Technology Fund is a venture capital firm that specializes in early-stage investments, targeting disruptive technologies and innovative startups. Founded in 2009 and headquartered in Los Alamos, New Mexico, the firm focuses on sectors such as healthcare, nanotechnology, robotics, advanced materials, and clean energy, among others. Cottonwood seeks to invest in startups primarily located in the Southwestern United States and Northern Europe, particularly in regions bordered by Phoenix, Denver, and Austin. The firm typically invests between $1 million and $3 million in its portfolio companies and prefers to secure a board seat to actively participate in the management and growth of these businesses. With additional offices in El Paso, Texas, Santa Fe, New Mexico, and Enschede, The Netherlands, Cottonwood aims to foster innovation and support high-tech, patent-based startups across its investment landscape.

Dave Blivin

Managing Director

David Blivin

Managing Partner

Patrick Claessen

Partner

Michael Jackson

Partner

Alain Loux

General Partner

Matthew Ongaro

Junior Partner

Past deals in Albuquerque, NM

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.

mPower Technology

Series B in 2022
mPower Technology, Inc. is a manufacturer of interconnected meshes of miniature solar cells, focusing on innovative solar cell technology. Founded in 2014 and based in Albuquerque, New Mexico, the company aims to advance solar power solutions on a global scale. With a team of experienced technology innovators and industry veterans, mPower Technology is dedicated to shaping the future of solar energy through its cutting-edge products.

Circular Genomics

Seed Round in 2021
Circular Genomics is a biotechnology and genomics company that develops RNA-based diagnostic and therapeutic assays to facilitate the treatment of psychiatric and neurological diseases. The company was founded in 2021 and is headquartered in Albuquerque, New Mexico.

BayoTech

Series C in 2021
BayoTech, Inc. is a company that focuses on the development and manufacturing of hydrogen generation systems and reformers, including steam methane reformers. Established in 2015 and based in Albuquerque, New Mexico, BayoTech serves various sectors, including agriculture, fuel cells, and energy. The company emphasizes the production of hydrogen-based products designed to have a low carbon footprint, contributing to more sustainable practices in these industries.

BennuBio

Series B in 2020
BennuBio is developing instruments that can use the flow cytometry paradigm to analyze samples regardless of particle size or sample volume. The company is an emerging technology company delivering unique cell analysis systems. BennuBio was founded in 2018 and based in Albuquerque, New Mexico.

mPower Technology

Series A in 2020
mPower Technology, Inc. is a manufacturer of interconnected meshes of miniature solar cells, focusing on innovative solar cell technology. Founded in 2014 and based in Albuquerque, New Mexico, the company aims to advance solar power solutions on a global scale. With a team of experienced technology innovators and industry veterans, mPower Technology is dedicated to shaping the future of solar energy through its cutting-edge products.

BennuBio

Series A in 2018
BennuBio is developing instruments that can use the flow cytometry paradigm to analyze samples regardless of particle size or sample volume. The company is an emerging technology company delivering unique cell analysis systems. BennuBio was founded in 2018 and based in Albuquerque, New Mexico.

BayoTech

Series B in 2018
BayoTech, Inc. is a company that focuses on the development and manufacturing of hydrogen generation systems and reformers, including steam methane reformers. Established in 2015 and based in Albuquerque, New Mexico, BayoTech serves various sectors, including agriculture, fuel cells, and energy. The company emphasizes the production of hydrogen-based products designed to have a low carbon footprint, contributing to more sustainable practices in these industries.

TriLumina Corp.

Venture Round in 2017
TriLumina Corporation, founded in 2010 and located in Albuquerque, New Mexico, specializes in manufacturing semiconductor lasers, specifically vertical-cavity surface-emitting lasers (VCSELs). The company focuses on providing advanced illumination solutions for 3D sensing and LiDAR applications across automotive, industrial, and mobile markets. TriLumina's patented VCSEL technology enables rapid development of innovative technologies, positioning its products as the preferred platform in the industry. Their solutions support a variety of applications, including augmented reality, virtual reality, 3D cameras, and autonomous vehicles, thereby contributing to the advancement of future technological developments.

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.

TriLumina Corp.

Series B in 2015
TriLumina Corporation, founded in 2010 and located in Albuquerque, New Mexico, specializes in manufacturing semiconductor lasers, specifically vertical-cavity surface-emitting lasers (VCSELs). The company focuses on providing advanced illumination solutions for 3D sensing and LiDAR applications across automotive, industrial, and mobile markets. TriLumina's patented VCSEL technology enables rapid development of innovative technologies, positioning its products as the preferred platform in the industry. Their solutions support a variety of applications, including augmented reality, virtual reality, 3D cameras, and autonomous vehicles, thereby contributing to the advancement of future technological developments.

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. operates as a drug development company that focuses on pulmonary delivery of therapeutics for respiratory diseases. It develops and commercializes technology for passive dry powder inhalers for lung delivery and therapy. Respira Therapeutics, Inc. has a strategic collaboration with United Therapeutics Corporation. The company was founded in 2010 and is based in Albuquerque, New Mexico.

Respira Therapeutics

Convertible Note in 2014
Respira Therapeutics, Inc. operates as a drug development company that focuses on pulmonary delivery of therapeutics for respiratory diseases. It develops and commercializes technology for passive dry powder inhalers for lung delivery and therapy. Respira Therapeutics, Inc. has a strategic collaboration with United Therapeutics Corporation. The company was founded in 2010 and is based in Albuquerque, New Mexico.

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 Corp.

Series A in 2014
TriLumina Corporation, founded in 2010 and located in Albuquerque, New Mexico, specializes in manufacturing semiconductor lasers, specifically vertical-cavity surface-emitting lasers (VCSELs). The company focuses on providing advanced illumination solutions for 3D sensing and LiDAR applications across automotive, industrial, and mobile markets. TriLumina's patented VCSEL technology enables rapid development of innovative technologies, positioning its products as the preferred platform in the industry. Their solutions support a variety of applications, including augmented reality, virtual reality, 3D cameras, and autonomous vehicles, thereby contributing to the advancement of future technological developments.

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.

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. operates as a drug development company that focuses on pulmonary delivery of therapeutics for respiratory diseases. It develops and commercializes technology for passive dry powder inhalers for lung delivery and therapy. Respira Therapeutics, Inc. has a strategic collaboration with United Therapeutics Corporation. The company was founded in 2010 and is based in Albuquerque, New Mexico.

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. is a company based in Albuquerque, New Mexico, specializing in the development of infinitely variable transmissions and powertrains. The company offers compact belted drives designed for adjustable and variable speed applications, catering to electric motors and a range of vehicles with small to large horsepower. Its products serve various sectors, including electric motor variable speed drives, engine-driven generators, small wind turbines, and automotive transmissions. Founded by the inventors of its patented technology, VeriTran has established a strategic partnership with TEAM Technologies Inc. since its incorporation in 1998.

TriLumina Corp.

Series A in 2013
TriLumina Corporation, founded in 2010 and located in Albuquerque, New Mexico, specializes in manufacturing semiconductor lasers, specifically vertical-cavity surface-emitting lasers (VCSELs). The company focuses on providing advanced illumination solutions for 3D sensing and LiDAR applications across automotive, industrial, and mobile markets. TriLumina's patented VCSEL technology enables rapid development of innovative technologies, positioning its products as the preferred platform in the industry. Their solutions support a variety of applications, including augmented reality, virtual reality, 3D cameras, and autonomous vehicles, thereby contributing to the advancement of future technological developments.

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.

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.

Respira Therapeutics

Series A in 2010
Respira Therapeutics, Inc. operates as a drug development company that focuses on pulmonary delivery of therapeutics for respiratory diseases. It develops and commercializes technology for passive dry powder inhalers for lung delivery and therapy. Respira Therapeutics, Inc. has a strategic collaboration with United Therapeutics Corporation. The company was founded in 2010 and is based in Albuquerque, New Mexico.