New Mexico Community Capital

New Mexico Community Capital, LLC is a private, nonprofit community development financial institution established in 2004, based in Albuquerque, New Mexico. The firm specializes in providing early and expansion capital to small businesses, focusing on sectors such as water, energy, food, agriculture, and health care. It targets companies located in rural and under-invested areas, with at least 40 percent of its investments made outside major metropolitan areas like Albuquerque, Santa Fe, and Los Alamos. To qualify for investment, businesses should have been operational for at least two years, employ more than five people, generate a minimum of $0.5 million in sales over the past year, and be cash flow positive for at least one year. Investments typically range from $0.5 million to $1 million, with a preference for lead investment roles and board representation. The firm seeks to exit its investments through various methods, including sales, IPOs, or mergers. Notably, it avoids sectors such as gambling, liquor sales, and real estate, focusing instead on community-oriented and sustainable enterprises.

Elizabeth Gamboa

Executive Director

6 past transactions

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.

Aspen Avionics

Series C in 2012
Aspen Avionics, founded in 2004 and based in Albuquerque, New Mexico, focuses on enhancing general aviation through advanced avionics technology. The company offers products that improve situational awareness and reduce pilot workload, facilitating safer flying in various conditions. Aspen Avionics emphasizes affordability and ease of installation, allowing aircraft owners to transition from traditional flight instrument displays to modern glass cockpit systems without incurring excessive costs. This approach aims to make cutting-edge aviation technology accessible to a broader range of users while promoting safer flying practices.

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 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.

Advent Solar

Series B in 2004
Advent Solar, based in Albuquerque, New Mexico, specializes in the production of silicon photovoltaic cells and modules. The company focuses on advanced technology that enhances the efficiency and design of solar energy solutions. Through its patented Ventura Technology, Advent Solar offers a comprehensive cell-to-module architecture that aims to deliver high-performance solar modules with significant value. The company operates a licensing model to distribute its innovative intellectual property, positioning itself as a leader in the solar industry. Advent Solar is committed to advancing solar technology and improving smart grid economics through its cutting-edge products.
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