Verge Fund

Verge Fund is a venture capital firm based in Albuquerque, New Mexico, established in 2003. It specializes in early-stage investments, focusing on high-growth ventures in sectors such as life sciences, technology, and renewable energy. Verge Fund targets seed-stage companies, often engaging with them at a point where their business plans are still in development. The firm’s principals bring a combined 43 years of experience in investing and collaborating with entrepreneurial companies in New Mexico, having established connections within local labs, universities, and venture capital networks. This deep understanding of the region allows Verge Fund to identify promising opportunities that are often overlooked, positioning it effectively to support the growth of innovative startups in New Mexico.

James R. Higdon

Partner

Larry Lujan

General Partner

Thomas Stephenson

Co-Founder and Managing General Partner

11 past transactions

BoomTime

Series B in 2017
Boomtime is an e-commerce platform dedicated to small businesses, offering a comprehensive marketing suite that simplifies online marketing efforts through a single login. By providing affordable and effective marketing tools, Boomtime enables small business clients to enhance their competitiveness against larger enterprises. The platform focuses on harnessing the power of word-of-mouth marketing, capturing customer interactions to help businesses uncover their marketing potential. Through these services, Boomtime aims to improve financial performance and support better business decision-making for its clients.

IntelliCyt

Venture Round in 2015
IntelliCyt Corporation specializes in developing high-throughput cell- and bead-based screening solutions for the life sciences, particularly in drug and antibody discovery, as well as immunology. Established in 2006 and based in Albuquerque, New Mexico, the company offers the iQue Screener platform, which integrates instruments, software, and reagents for high-content multiplexed analysis of samples in liquid suspension. Its ForeCyt software provides a user-friendly environment for data visualization and analysis, while MultiCyt screening kits supply essential reagents for use with the iQue Screener. IntelliCyt aims to enhance productivity in laboratories by enabling faster and more cost-effective detection and measurement of cells and beads, addressing the needs of pharmaceutical and biotechnology companies, as well as medical centers. The company's innovative technology combines flow cytometry with patented sample processing, allowing assays to be performed significantly faster than traditional methods. IntelliCyt operates as a subsidiary of Sartorius AG, continuing its commitment to advancing research in modern life sciences.

IntelliCyt

Venture Round in 2013
IntelliCyt Corporation specializes in developing high-throughput cell- and bead-based screening solutions for the life sciences, particularly in drug and antibody discovery, as well as immunology. Established in 2006 and based in Albuquerque, New Mexico, the company offers the iQue Screener platform, which integrates instruments, software, and reagents for high-content multiplexed analysis of samples in liquid suspension. Its ForeCyt software provides a user-friendly environment for data visualization and analysis, while MultiCyt screening kits supply essential reagents for use with the iQue Screener. IntelliCyt aims to enhance productivity in laboratories by enabling faster and more cost-effective detection and measurement of cells and beads, addressing the needs of pharmaceutical and biotechnology companies, as well as medical centers. The company's innovative technology combines flow cytometry with patented sample processing, allowing assays to be performed significantly faster than traditional methods. IntelliCyt operates as a subsidiary of Sartorius AG, continuing its commitment to advancing research in modern life sciences.

Vibrant Corporation

Funding Round in 2008
Vibrant Corporation, based in Albuquerque, New Mexico, specializes in process compensated resonance testing (PCRT) technology, primarily serving the aerospace and power generation industries. The company offers a range of non-destructive testing services, which include screening for defects, manufacturing process control, life monitoring, and material property characterization. These services are designed to ensure that components are structurally sound and suitable for service, benefiting both component manufacturers and maintenance, repair, and overhaul organizations. Additionally, Vibrant manufactures PCRT testing equipment and supplies resonant inspection tools for the automotive sector. Incorporated in 1991, the company operates facilities in the United States and Germany, focusing on enhancing quality assurance and process capability in various industrial applications.

Wellkeeper

Venture Round in 2007
Wellkeeper, Inc. offers remote monitoring services tailored for independent oil and gas operators in Texas, New Mexico, and Oklahoma. Established in 2001 and headquartered in Albuquerque, New Mexico, the company utilizes a web interface to deliver solutions including remote pump control, alarm support, and monitoring of tanks, equipment, wellheads, and saltwater disposal (SWD) sites. Wellkeeper also supplies software and hardware to facilitate the management of oil field operations. As of mid-2019, Wellkeeper operates as a subsidiary of Noralta Technologies Inc., with additional sales offices located in Midland, Texas, and Denver and Dallas, Colorado.

TruTouch Technologies

Venture Round in 2007
TruTouch Technologies, Inc. specializes in developing, manufacturing, and marketing noninvasive alcohol testing systems designed for various applications, including workplace safety, medical diagnostics, and law enforcement. The company’s flagship product, the TruTouch device, utilizes light to measure blood alcohol content through the skin while simultaneously confirming user identity through biometric verification. Founded in 2005, TruTouch Technologies aims to enhance safety in sectors such as energy, transportation, and warehousing by providing accurate and reliable alcohol screening solutions. The company is headquartered in Sudbury, Massachusetts, with a research and development facility located in Riverside, California.

Altela

Seed Round in 2006
Altela specializes in water desalination and decontamination solutions through its patented technology. Founded in 2005 and based in Colorado, the company offers a diverse range of products and services aimed at fluid waste reduction and waste-to-asset conversion. Its flagship AltelaRain system effectively reduces the volume of waste fluids while enabling the transformation of waste into reusable resources. This innovative approach allows clients to decontaminate and generate water without relying on energy-intensive methods, making Altela a significant player in the environmental technology sector.

SpaBoom

Series A in 2006
SpaBoom is a business-to-business play that specializes in ecommerce functionality for service-based organizations, helping these organizations realize greater revenues and business leads from the Internet. BoomTime's initial services include robust Instant Gift Certificate functionality, Dynamic Websites, and an Appointment Request feature. Service-based companies have been traditionally under-served on the Internet, since it's difficult to "buy a massage" over the Internet. Given that the service-based sector is the largest sector in the US and world economies, and general public acceptance of the Internet for business transactions has steadily increased over the years, SpaBoom is well positioned for growth. SpaBoom is one of several brands the company uses to reach niche markets. The other brands are [CoverBoom](www.coverboom.com) and [BoomTime](www.boomtime.com), for restaurants and the horizontal market, respectively. SpaBoom first tested the concept of Instant Gift Certificates with spas and salons, due to the perceived importance of gift certificates (up to 30% of their business) and Internet leads to these organizations. It was discovered that almost one-half of gift certificate purchasers wait to buy until the last 48 hours of a holiday or event. Providing an instant gift capability has allowed SpaBoom customers to greatly increase their sales by catering to the last-minute purchaser, where the delays associated with manual fulfillment and/or postal mail is nonexistent. In 2006, SpaBoom started work on a distribution model, that enables it to sell the Instant Gift Certificates of its clients and push the inventory of Instant Gift Certificates to other distribution networks. SpaEmergency (www.spaemergency.com) was formed in 2006 to sell Spa and Salon Instant Gift Certificates, and a strategic relationship with Zagat Survey (www.zagat.com) was formed in 2008 for its CoverBoom clients. By July, 2008, SpaBoom boasts over 10% of the Spa market with 2,600 spas and salons in North America. It is anticipated that CoverBoom will boast over 1,000 restaurants by the end of 2008.

Sevence

Venture Round in 2006
Sevence doing business as BoomTime, sells instant and online gift certificates for its customer's Website visitors. It also involves in the online management of the existing in-store gift certificates and appointment requests, processing of gift certificates, and updating its customer services. The company is based in Albuquerque, New Mexico.

TruTouch Technologies

Venture Round in 2005
TruTouch Technologies, Inc. specializes in developing, manufacturing, and marketing noninvasive alcohol testing systems designed for various applications, including workplace safety, medical diagnostics, and law enforcement. The company’s flagship product, the TruTouch device, utilizes light to measure blood alcohol content through the skin while simultaneously confirming user identity through biometric verification. Founded in 2005, TruTouch Technologies aims to enhance safety in sectors such as energy, transportation, and warehousing by providing accurate and reliable alcohol screening solutions. The company is headquartered in Sudbury, Massachusetts, with a research and development facility located in Riverside, California.

ZTEC Instruments

Venture Round in 2004
ZTEC Instruments is a manufacturer based in Albuquerque, New Mexico, and Orlando, Florida, specializing in innovative modular wireless test products. The company designs and produces a range of electronic instruments, including modular digital oscilloscopes, waveform generators, RF frequency counters, RF power meters, and timing references. ZTEC Instruments focuses on providing versatile and efficient testing solutions for various applications within the electronics industry.
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