Cottonwood Capital Partners

Cottonwood Capital Partners is a venture capital firm that backs early- and seed-stage startups in disruptive technology and related fields such as healthcare, information technology, nanotechnology, photonics, advanced materials, sensors, clean energy, robotics, life sciences, and enterprise software. The firm focuses on Southwest United States and Northern Europe, investing primarily in Arizona, New Mexico, Texas, Colorado, and Utah, and in the Netherlands and parts of Northern Europe, including Mexico as part of its regional reach. Typical investments range from about $1 million to $3 million, and the firm often takes a board seat on portfolio companies. Founded in 2009, Cottonwood Capital Partners is based in Los Alamos, New Mexico, with additional offices in El Paso, Santa Fe, and Enschede, Netherlands.

Avi Arora

Analyst

Sabine Bijker

Investor

David Blivin

Managing Partner

Dave Blivin

Managing Partner

Daan Boekhoudt

Investment Analyst

Patrick Claessen

Partner

Shinjan Dasgupta

Analyst

Karol Fels

Analyst

Michael Jackson

Partner

Alain le Loux

General Partner

Lucas Marshall

Partner

Matthew Ongaro

Partner

Lee Rand

Partner

Past deals in New Mexico

Green Theme Technologies

Series C in 2024
Green Theme Technologies Inc is a developer of environmentally-friendly chemical technology focused on the finishing of textiles and nonwovens. Founded in 2012 and based in Rio Rancho, New Mexico, the company aims to innovate in the textile industry by creating products that surpass the performance of existing technologies while also eliminating water usage and reducing pollution. Green Theme Technologies is committed to sustainable practices and seeks to transform textile finishing processes through its advanced, dry technology solutions.

Circular Genomics

Series A in 2024
Founded in 2021, Circular Genomics specializes in harnessing circular RNA as innovative biomarkers for precision medicine. The company focuses on improving diagnosis and treatment of neurological and psychiatric conditions by offering evidence-based diagnostic assays.

Green Theme Technologies

Series B in 2022
Green Theme Technologies Inc is a developer of environmentally-friendly chemical technology focused on the finishing of textiles and nonwovens. Founded in 2012 and based in Rio Rancho, New Mexico, the company aims to innovate in the textile industry by creating products that surpass the performance of existing technologies while also eliminating water usage and reducing pollution. Green Theme Technologies is committed to sustainable practices and seeks to transform textile finishing processes through its advanced, dry technology solutions.

Circular Genomics

Seed Round in 2021
Founded in 2021, Circular Genomics specializes in harnessing circular RNA as innovative biomarkers for precision medicine. The company focuses on improving diagnosis and treatment of neurological and psychiatric conditions by offering evidence-based diagnostic assays.

BayoTech

Series C in 2021
BayoTech is a company that develops and manufactures hydrogen generation systems, reformers, and steam methane reformers for agriculture, fuel cells, and the energy sector. Founded in 2015 and headquartered in Albuquerque, New Mexico, it focuses on low‑carbon hydrogen solutions that reduce transportation emissions and streamline supply chains through local production. The firm operates hydrogen hubs, including a site in Wentzville, Missouri, and a planned hub in Stockton, California, and builds high‑capacity, high‑pressure transport trailers at its Tulsa, Oklahoma facility. BayoTech offers a complete portfolio of hydrogen production, transport, storage, and fueling services, enabling clients to deploy reliable, cost‑effective, low‑carbon hydrogen fuel.

BennuBio

Series B in 2020
BennuBio, Inc. is a technology company based in Albuquerque, New Mexico, that specializes in developing advanced flow cytometry equipment for cell analysis. Founded in 2018, BennuBio focuses on creating instruments capable of sorting and analyzing cells for rare cell applications, which include monitoring blood cells, detecting biomarkers, and facilitating drug discovery. Its flagship product, The Velocyt, enables users to detect rare events such as activated T cells and circulating tumor cells, making it valuable for personalized medicine. The company also offers spheroid generation systems and high-volume sorting systems, along with technical support and applications assistance. By allowing analysis across a wide range of particle sizes and sample volumes, BennuBio aims to enhance the capabilities of healthcare professionals in immuno-oncology treatment and diagnostics.

BennuBio

Series A in 2018
BennuBio, Inc. is a technology company based in Albuquerque, New Mexico, that specializes in developing advanced flow cytometry equipment for cell analysis. Founded in 2018, BennuBio focuses on creating instruments capable of sorting and analyzing cells for rare cell applications, which include monitoring blood cells, detecting biomarkers, and facilitating drug discovery. Its flagship product, The Velocyt, enables users to detect rare events such as activated T cells and circulating tumor cells, making it valuable for personalized medicine. The company also offers spheroid generation systems and high-volume sorting systems, along with technical support and applications assistance. By allowing analysis across a wide range of particle sizes and sample volumes, BennuBio aims to enhance the capabilities of healthcare professionals in immuno-oncology treatment and diagnostics.

BayoTech

Series B in 2018
BayoTech is a company that develops and manufactures hydrogen generation systems, reformers, and steam methane reformers for agriculture, fuel cells, and the energy sector. Founded in 2015 and headquartered in Albuquerque, New Mexico, it focuses on low‑carbon hydrogen solutions that reduce transportation emissions and streamline supply chains through local production. The firm operates hydrogen hubs, including a site in Wentzville, Missouri, and a planned hub in Stockton, California, and builds high‑capacity, high‑pressure transport trailers at its Tulsa, Oklahoma facility. BayoTech offers a complete portfolio of hydrogen production, transport, storage, and fueling services, enabling clients to deploy reliable, cost‑effective, low‑carbon hydrogen fuel.

Skorpios Technologies

Series D in 2015
Skorpios Technologies, Inc. is a fabless semiconductor company based in Albuquerque, New Mexico, specializing in silicon photonic integrated circuit products. Founded in 2009, the company develops and markets a range of opto-electronic integrated circuits, including 100G-CWDM system-on-chip receivers and transmitters. Skorpios Technologies also offers innovative solutions such as Template Assisted Bonding, which supports high-speed video, data, and voice communications across networking, cloud computing, storage, and cable TV applications. Additionally, the company provides gain materials, wafer-scale processes, uncooled tunable laser technology, and coherent transceiver devices. By designing and manufacturing integrated optical modules and subsystems, Skorpios enables high-bandwidth interconnectivity at competitive manufacturing costs, serving various sectors including aerospace and defense, bioelectronics, and communications.

xF Technologies

Debt Financing in 2014
xF Technologies Inc. is a specialty chemicals manufacturer based in Albuquerque, New Mexico, founded in 2007. The company focuses on converting renewable biomass materials, such as cornstarch, sugarcane, and cellulosic biomass, into non-toxic renewable chemicals and biofuels. Its product offerings include various chemical compounds, such as methyl, ethyl, and isopropyl derivatives, along with plasticizers for the PVC market, cleaning solvents, and agricultural chemicals. xF Technologies employs a patented molecular platform to produce furaotes, which are designed to replace traditional petrochemical ingredients while providing similar or superior performance. This innovation allows for significant cost savings in formulations and enhances the environmental health and safety profile of the final products. The company aims to contribute to sustainability by recycling renewable waste biomass into valuable chemical products.

xF Technologies

Series A in 2014
xF Technologies Inc. is a specialty chemicals manufacturer based in Albuquerque, New Mexico, founded in 2007. The company focuses on converting renewable biomass materials, such as cornstarch, sugarcane, and cellulosic biomass, into non-toxic renewable chemicals and biofuels. Its product offerings include various chemical compounds, such as methyl, ethyl, and isopropyl derivatives, along with plasticizers for the PVC market, cleaning solvents, and agricultural chemicals. xF Technologies employs a patented molecular platform to produce furaotes, which are designed to replace traditional petrochemical ingredients while providing similar or superior performance. This innovation allows for significant cost savings in formulations and enhances the environmental health and safety profile of the final products. The company aims to contribute to sustainability by recycling renewable waste biomass into valuable chemical products.

Skorpios Technologies

Series C in 2013
Skorpios Technologies, Inc. is a fabless semiconductor company based in Albuquerque, New Mexico, specializing in silicon photonic integrated circuit products. Founded in 2009, the company develops and markets a range of opto-electronic integrated circuits, including 100G-CWDM system-on-chip receivers and transmitters. Skorpios Technologies also offers innovative solutions such as Template Assisted Bonding, which supports high-speed video, data, and voice communications across networking, cloud computing, storage, and cable TV applications. Additionally, the company provides gain materials, wafer-scale processes, uncooled tunable laser technology, and coherent transceiver devices. By designing and manufacturing integrated optical modules and subsystems, Skorpios enables high-bandwidth interconnectivity at competitive manufacturing costs, serving various sectors including aerospace and defense, bioelectronics, and communications.

xF Technologies

Series A in 2013
xF Technologies Inc. is a specialty chemicals manufacturer based in Albuquerque, New Mexico, founded in 2007. The company focuses on converting renewable biomass materials, such as cornstarch, sugarcane, and cellulosic biomass, into non-toxic renewable chemicals and biofuels. Its product offerings include various chemical compounds, such as methyl, ethyl, and isopropyl derivatives, along with plasticizers for the PVC market, cleaning solvents, and agricultural chemicals. xF Technologies employs a patented molecular platform to produce furaotes, which are designed to replace traditional petrochemical ingredients while providing similar or superior performance. This innovation allows for significant cost savings in formulations and enhances the environmental health and safety profile of the final products. The company aims to contribute to sustainability by recycling renewable waste biomass into valuable chemical products.

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. Founded in 1998 by the inventors of its patented technology, the company designs compact belted drives that cater to adjustable and variable speed applications for electric motors. Its products find utility across a range of sectors, including electric motor variable speed drives, engine-driven generators, small wind turbines, and automotive transmissions. VeriTran also engages in strategic partnerships to enhance its technological offerings and expand its market reach.

xF Technologies

Series A in 2012
xF Technologies Inc. is a specialty chemicals manufacturer based in Albuquerque, New Mexico, founded in 2007. The company focuses on converting renewable biomass materials, such as cornstarch, sugarcane, and cellulosic biomass, into non-toxic renewable chemicals and biofuels. Its product offerings include various chemical compounds, such as methyl, ethyl, and isopropyl derivatives, along with plasticizers for the PVC market, cleaning solvents, and agricultural chemicals. xF Technologies employs a patented molecular platform to produce furaotes, which are designed to replace traditional petrochemical ingredients while providing similar or superior performance. This innovation allows for significant cost savings in formulations and enhances the environmental health and safety profile of the final products. The company aims to contribute to sustainability by recycling renewable waste biomass into valuable chemical products.

Skorpios Technologies

Series B in 2011
Skorpios Technologies, Inc. is a fabless semiconductor company based in Albuquerque, New Mexico, specializing in silicon photonic integrated circuit products. Founded in 2009, the company develops and markets a range of opto-electronic integrated circuits, including 100G-CWDM system-on-chip receivers and transmitters. Skorpios Technologies also offers innovative solutions such as Template Assisted Bonding, which supports high-speed video, data, and voice communications across networking, cloud computing, storage, and cable TV applications. Additionally, the company provides gain materials, wafer-scale processes, uncooled tunable laser technology, and coherent transceiver devices. By designing and manufacturing integrated optical modules and subsystems, Skorpios enables high-bandwidth interconnectivity at competitive manufacturing costs, serving various sectors including aerospace and defense, bioelectronics, and communications.
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