Sun Mountain Capital

Sun Mountain Capital is a private equity firm based in Santa Fe, New Mexico, founded in 2006. The firm is composed of senior professionals with extensive experience in private equity, dating back to 1981. Sun Mountain Capital focuses on creating value through fund advisory activities and direct investments in promising companies across the United States. The principals have a strong background, with prior roles at notable financial institutions such as Credit Suisse First Boston and Morgan Stanley. As an advisor to pension plans and other program sponsors, the firm develops customized private equity programs by analyzing key success factors across various investments and tailoring solutions to meet specific investment goals.

Brian Birk

Managing Partner

Dan Brooks

Senior Associate

Connor Browne

Managing Director

Sally Corning

Partner

Matt Culler

Principal

Catriona Forrester

Senior Associate

Hal Hayden

Managing Director

Kevin Leclaire

Principal

Brian Lewis

Principal

Edward (Eddie) Markman

Partner, Chief Financial Officer and Chief Compliance Officer

Lee Rand

Partner

Leslie Shaw

Partner Emeritus

Reed Soehnel

CFO and CCO

Past deals in New Mexico

3d Glass Solutions

Series B in 2022
3D Glass Solutions, Inc. specializes in manufacturing glass-based system-in-package (SiP) electronic packaging devices and components. The company offers a range of services, including design consultation and prototyping, catering to integrated circuit manufacturers, photonic component suppliers, and defense contractors. Utilizing its patented APEX® Glass technology, 3D Glass Solutions provides complete glass-enabled systems integration, enabling clients to consolidate multiple components onto a single platform while reducing overall manufacturing costs. The firm also develops photo-definable components such as bandpass filters, gain antennas, and discrete LC components, employing low-loss photosensitive technology to deliver industry-specific radio frequency devices. Established in 2006, 3D Glass Solutions 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.

First Crop

Series A in 2021
First Crop is a public benefit company dedicated to improving the health and wellness of people and the planet. It's required to consider the impact of every decision we make so that the impact on our shareholders is balanced by our goals of strengthening communities and improving the environment.

UbiQD

Series A in 2020
UbiQD, LLC, based in Los Alamos, New Mexico, specializes in the manufacture and marketing of semiconductor nanocrystals, specifically low-hazard quantum dots and nanocomposites. Founded in 2014, the company offers innovative products such as UbiGro, a luminescent film designed to enhance crop growth in greenhouses by retrofitting existing structures. UbiQD aims to make its low-toxicity quantum dots widely accessible for various applications, including safety, design, solar energy, lighting, security, and personal care. The company benefits from its proximity to prominent research institutions like Los Alamos and Sandia National Laboratory, fostering collaborations that enhance its research and development capabilities.

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 2019
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.

3d Glass Solutions

Series B in 2019
3D Glass Solutions, Inc. specializes in manufacturing glass-based system-in-package (SiP) electronic packaging devices and components. The company offers a range of services, including design consultation and prototyping, catering to integrated circuit manufacturers, photonic component suppliers, and defense contractors. Utilizing its patented APEX® Glass technology, 3D Glass Solutions provides complete glass-enabled systems integration, enabling clients to consolidate multiple components onto a single platform while reducing overall manufacturing costs. The firm also develops photo-definable components such as bandpass filters, gain antennas, and discrete LC components, employing low-loss photosensitive technology to deliver industry-specific radio frequency devices. Established in 2006, 3D Glass Solutions is headquartered in Albuquerque, New Mexico.

Robotic Skies

Series A in 2019
Robotic Skies, Inc. is a provider of maintenance and repair services for commercial unmanned aircraft systems (UAS) and advanced air mobility aircraft (AAM). Founded in 2013 and based in Albuquerque, New Mexico, the company operates a global network of over 150 independently-owned and operated repair stations. These stations are staffed with aviation experts who specialize in the maintenance of commercial drone aircraft. Robotic Skies offers a comprehensive field service program designed to ensure that UAS remain operational, safe, and efficient. By leveraging FAA-approved maintenance organizations, the company aims to optimize certification and repair services for emerging drone fleets worldwide.

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.

Agilvax

Series A in 2018
Agilvax, Inc., a biotechnology company, develops targeted vaccine therapies for infectious diseases and chronic conditions based on its virus-like particle platform technology. It focuses on developing AXO3, a vaccine for HPV prevention, as well as products in the areas of cancer, asthma, dengue, malaria, autoimmune disease, and metabolic and rare disease. The company was founded in 2011 and is 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.

Robotic Skies

Seed Round in 2017
Robotic Skies, Inc. is a provider of maintenance and repair services for commercial unmanned aircraft systems (UAS) and advanced air mobility aircraft (AAM). Founded in 2013 and based in Albuquerque, New Mexico, the company operates a global network of over 150 independently-owned and operated repair stations. These stations are staffed with aviation experts who specialize in the maintenance of commercial drone aircraft. Robotic Skies offers a comprehensive field service program designed to ensure that UAS remain operational, safe, and efficient. By leveraging FAA-approved maintenance organizations, the company aims to optimize certification and repair services for emerging drone fleets worldwide.

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.

SBA Materials

Series D in 2015
SBA Materials, Inc. engages in the development and commercialization of advanced electronic materials for back-end of line and packaging applications for semiconductor manufacturing. The company focuses on commercializing low-k dielectric materials for interlayer dielectric application to address the needs of the semiconductor manufacturing industry. Its products include uLK22, uLK1X, and optical films, as well as nano-porous/meso-porous materials. The company offers materials to address the unmet needs of electronic device manufacturers. SBA Materials, Inc. was founded in 2001 and is based in Albuquerque, New Mexico.

Seamless Medical Systems

Venture Round in 2015
Seamless Medical Systems, LLC specializes in developing cloud-based software solutions that enhance front office operations for physician practices and foster improved communication with patients. The company's flagship product, SNAP Practice, serves as a comprehensive patient engagement platform, facilitating data capture, patient registration, and health education. Additional offerings include SNAP EXPRESS, which provides digital patient registration and personalized health education, and SNAP ENTERPRISE, designed to interface seamlessly with electronic medical records systems. Furthermore, SNAPedu delivers health information at the point of care, while SNAPdash offers a dashboard for monitoring patient registration workflows. By focusing on improving patient engagement and health literacy, Seamless Medical Systems aims to enhance the overall patient experience and optimize healthcare processes. Incorporated in 2010 and based in Santa Fe, New Mexico, the company operates as a subsidiary of GetWellNetwork, Inc.

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.

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.

Aspen Avionics

Venture Round in 2014
Aspen Avionics, based in Albuquerque, New Mexico, was founded by aviation enthusiasts in 2004. The company specializes in bringing the most advanced technology and capability into general aviation cockpits. Its products increase situational awareness and reduce pilot workload, making it even easier and safer to fly in both VFR and IFR conditions. The company’s philosophy is that getting the latest avionics technology shouldn’t always mean spending a lot of money—on equipment or on installation.

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.

SBA Materials

Series C in 2014
SBA Materials, Inc. engages in the development and commercialization of advanced electronic materials for back-end of line and packaging applications for semiconductor manufacturing. The company focuses on commercializing low-k dielectric materials for interlayer dielectric application to address the needs of the semiconductor manufacturing industry. Its products include uLK22, uLK1X, and optical films, as well as nano-porous/meso-porous materials. The company offers materials to address the unmet needs of electronic device manufacturers. SBA Materials, Inc. was founded in 2001 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.

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.

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.

Aspen Avionics

Series C in 2012
Aspen Avionics, based in Albuquerque, New Mexico, was founded by aviation enthusiasts in 2004. The company specializes in bringing the most advanced technology and capability into general aviation cockpits. Its products increase situational awareness and reduce pilot workload, making it even easier and safer to fly in both VFR and IFR conditions. The company’s philosophy is that getting the latest avionics technology shouldn’t always mean spending a lot of money—on equipment or on installation.

Comet Solutions

Series C in 2012
Comet Solutions, Inc. specializes in developing software applications that streamline engineering simulation for product development. Founded in 2001 and headquartered in Cincinnati, Ohio, the company offers a range of tools known as SimApps, which automate modeling and simulation tasks for manufacturers. These applications facilitate "what if?" analyses, assess the impact of design changes, and promote collaborative efforts among design and engineering teams, even involving non-experts in the simulation process. Additionally, Comet Solutions provides Gearbox SimApps, an automated solution focused on optimizing performance in areas such as acoustics, dynamics, durability, and cost management. The company also offers a variety of services, including SimApp development, training, and consulting for computer-aided engineering (CAE) processes. Its products are applicable in various sectors, including aerospace, consumer goods, electronics, and automotive industries. Comet Solutions operates additional offices in Albuquerque, New Mexico; Troy, Michigan; Shanghai, China; and India.

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.

nanoMR

Series B in 2011
nanoMR has developed the first system for rapid isolation of rare cells from complex matrices at levels of 1 cell/mL or lower. The immunomagnetic capture system can target multiple cell types simultaneously, for example capturing bacteria and fungi from bloodstream infections, or specific cell types, such as circulating tumor, or fetal, cells, in less than 30 minutes.

JackRabbit Systems

Venture Round in 2010
JackRabbit Systems develops online travel software for destination and travel portal websites. The software is designed to improve website functionality and usability in order to enhance the visitor's experience and increase room nights in the selected destination. There BookDirectâ„¢ engine accomplishes these goals.

nanoMR

Series A in 2008
nanoMR has developed the first system for rapid isolation of rare cells from complex matrices at levels of 1 cell/mL or lower. The immunomagnetic capture system can target multiple cell types simultaneously, for example capturing bacteria and fungi from bloodstream infections, or specific cell types, such as circulating tumor, or fetal, cells, in less than 30 minutes.

Lumidigm

Series C in 2008
Lumidigm Inc. is a biometric company dedicated to enabling convenient, secure, and reliable identification and verification. Lumidigm powered sensors work because they produce high-quality images every time, in all conditions. Everyone is identifiable. Lumidigm provides biometric identity management for civil ID, point-of-sale, time & attendance, physical and logical access, and portable electronic device applications.

Aspen Avionics

Series B in 2007
Aspen Avionics, based in Albuquerque, New Mexico, was founded by aviation enthusiasts in 2004. The company specializes in bringing the most advanced technology and capability into general aviation cockpits. Its products increase situational awareness and reduce pilot workload, making it even easier and safer to fly in both VFR and IFR conditions. The company’s philosophy is that getting the latest avionics technology shouldn’t always mean spending a lot of money—on equipment or on installation.

Advent Solar

Series D in 2007
Advent Solar produces silicon photovoltaic cell-to-module technology. Based in Albuquerque, New Mexico, U.S.A., the company focuses on delivering intellectual property (IP) for intelligent, high-energy silicon photovoltaic (PV) solutions. With patented, advanced technologies, Advent Solar enables higher value products that are Beautiful by Design™, changing the rules for smart grid economics. Advent Solar provides its industry-leading Ventura™ Technology through a licensing model. Ventura Solar Technology is a comprehensive cell-to-module architecture for high-performance solar modules that deliver the industry’s best value for silicon PV modules.