Sun Mountain Capital
Sun Mountain Capital is an investment partnership formed by senior private equity professionals based in Santa Fe, New Mexico. The Firm’s professionals have a depth of experience in private equity that dates back to 1981 and have an extensive track record of creating value through fund advisory activities and direct investments in promising companies. Prior experience for the principals include employment at Credit Suisse First Boston, Morgan Stanley, Brentwood Associates, Fort Washington Investment Advisors, GE Capital, Kline Hawkes, and The Boston Consulting Group, among other top tier firms.
As a private equity advisor to pension plans and other program sponsors, Sun Mountain develops customized private equity programs. They analyze key success factors across numerous private equity programs and then use the information to develop solutions tailored to meet the specific investment goals of the program.
Past deals in New Mexico
Exagen Diagnostics
Venture Round in 2012
Exagen is a patient focused, discovery-driven life science company that addresses the unmet need for the accurate diagnosis and monitors patients affected by autoimmune rheumatic diseases. The company also provides AVISE tests that are specifically designed to provide objective information to physicians and patients for more accurate, efficient diagnosis, and better disease management.
Exagen was established in 2002 and is headquartered in Vista, California.
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.
mPower Technology
Series A in 2019
mPower Technology is an innovative solar cell technology startup.They are an experienced team of technology innovators and industry veterans out to shape the future of solar power around the globe.
3D Glass Solutions, Inc.
Series B in 2022
3D Glass Solutions, Inc. manufactures glass-based system-in-package (SiP) electronic packaging devices and components. It also offers design and device consultation, and prototyping. The company serves to integrated circuit manufacturers, photonic component suppliers, and defense contractors. 3D Glass Solutions, Inc. was incorporated in 2006 and is based in Albuquerque, New Mexico.
RiskSense, Inc.
Series B in 2018
RiskSense®, Inc. provides vulnerability prioritization and management to measure and control cybersecurity risk. The cloud-based RiskSense platform uses a foundation of risk-based scoring, analytics, and technology-accelerated pen testing to identify critical security weaknesses with corresponding remediation action plans, dramatically improving security and IT team efficiency and effectiveness.
The company delivers a fully-informed picture of group, department, and organizational cybersecurity risk with our credit-like RiskSense Security Score (RS3). The RiskSense platform continuously correlates customer infrastructure with comprehensive internal and external vulnerability data, threat intelligence, human pen test findings, and business asset criticality to measure risk, provide early warning of weaponization, predict attacks, and prioritize remediation activities to achieve security risk goals
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 Designâ„¢, 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.
xF Technologies Inc.
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.
Armonica
Series B in 2021
Armonica Technologies derives its name from prolific innovator Benjamin Franklin’s favorite invention, The Glass Armonica. Armonica Technologies is an early stage medtech company focused on developing its proprietary long-read DNA sequencing technology for precision medicine applications. The Company’s technology is based upon a portfolio of patented and patent pending technologies licensed from STC.UNM.
BayoTech, Inc
Series C in 2021
Biotech is a chemical company that specializes in manufacturing hydrogen-based products used for agriculture, fuel cell, and energy. Biotech builds a hydrogen generator with a low carbon footprint. The company was founded in 2015 and is headquartered in Albuquerque, New Mexico.
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.
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.
Aspen Avionics, Inc.
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.
Aspen Avionics, Inc.
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.
Exagen Diagnostics
Venture Round in 2011
Exagen is a patient focused, discovery-driven life science company that addresses the unmet need for the accurate diagnosis and monitors patients affected by autoimmune rheumatic diseases. The company also provides AVISE tests that are specifically designed to provide objective information to physicians and patients for more accurate, efficient diagnosis, and better disease management.
Exagen was established in 2002 and is headquartered in Vista, California.
Respira Therapeutics, Inc.
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.
Exagen Diagnostics
Venture Round in 2011
Exagen is a patient focused, discovery-driven life science company that addresses the unmet need for the accurate diagnosis and monitors patients affected by autoimmune rheumatic diseases. The company also provides AVISE tests that are specifically designed to provide objective information to physicians and patients for more accurate, efficient diagnosis, and better disease management.
Exagen was established in 2002 and is headquartered in Vista, California.
UbiQD
Series A in 2020
UbiQD is a cleantech materials company that manufactures low-hazard quantum dots (QDs) and nanocomposites. The company produces low-toxicity quantum dots (QDs) so inexpensively that they will become ubiquitous through various target applications including safety, design, solar energy, lighting, security, and personal care. It also provides the perfect conditions for reproducible nanomaterial production while the close proximity to Los Alamos and Sandia National Laboratory allows for beneficial collaborations with leading scientists in the area.
UbiQD was founded in 2014 and is headquartered in Los Alamos, New Mexico.
Exagen Diagnostics
Series C in 2012
Exagen is a patient focused, discovery-driven life science company that addresses the unmet need for the accurate diagnosis and monitors patients affected by autoimmune rheumatic diseases. The company also provides AVISE tests that are specifically designed to provide objective information to physicians and patients for more accurate, efficient diagnosis, and better disease management.
Exagen was established in 2002 and is headquartered in Vista, California.
RiskSense, Inc.
Series A in 2017
RiskSense®, Inc. provides vulnerability prioritization and management to measure and control cybersecurity risk. The cloud-based RiskSense platform uses a foundation of risk-based scoring, analytics, and technology-accelerated pen testing to identify critical security weaknesses with corresponding remediation action plans, dramatically improving security and IT team efficiency and effectiveness.
The company delivers a fully-informed picture of group, department, and organizational cybersecurity risk with our credit-like RiskSense Security Score (RS3). The RiskSense platform continuously correlates customer infrastructure with comprehensive internal and external vulnerability data, threat intelligence, human pen test findings, and business asset criticality to measure risk, provide early warning of weaponization, predict attacks, and prioritize remediation activities to achieve security risk goals
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.
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.
BayoTech, Inc
Series B in 2018
Biotech is a chemical company that specializes in manufacturing hydrogen-based products used for agriculture, fuel cell, and energy. Biotech builds a hydrogen generator with a low carbon footprint. The company was founded in 2015 and is headquartered in Albuquerque, New Mexico.
Robotic Skies
Seed Round in 2017
Robotic Skies is a brokered global network of more than 150 independently-owned and operated repair stations that have the aviation expertise to provide maintenance and repairs on commercial unmanned systems. Robotic Skies draws on only the best FAA- and aviation authority-approved maintenance organizations currently maintaining manned aircraft to offer comprehensive field service programs designed to keep UAS flying safely, efficiently and affordably.
Respira Therapeutics, Inc.
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.
Seamless Medical Systems, LLC
Venture Round in 2015
Seamless Medical Systems enhances engagement and health literacy to the improvement of patient experiences. Seamless Medical’s vision is to improve the patient experience by enhancing engagement, and health literacy to improve patient outcomes. Patient and family engagement is critical to optimizing the healthcare process, reduce costs, and improve provider performance.
xF Technologies Inc.
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.
Armonica
Seed Round in 2017
Armonica Technologies derives its name from prolific innovator Benjamin Franklin’s favorite invention, The Glass Armonica. Armonica Technologies is an early stage medtech company focused on developing its proprietary long-read DNA sequencing technology for precision medicine applications. The Company’s technology is based upon a portfolio of patented and patent pending technologies licensed from STC.UNM.
TriLumina Corporation
Series A in 2013
TriLumina delivers industry-leading VCSEL illumination solutions for 3D sensing and LiDAR in automotive, industrial and mobile markets. These patented innovations in VCSEL technology for 3D-sensing and LiDAR enable fast development of tomorrow’s technologies. As the preferred industry platform, TriLumina illumination solutions democratize and advance a range of applications—from AR/VR, 3D-cameras to self-driving cars and beyond.
TriLumina Corporation
Venture Round in 2017
TriLumina delivers industry-leading VCSEL illumination solutions for 3D sensing and LiDAR in automotive, industrial and mobile markets. These patented innovations in VCSEL technology for 3D-sensing and LiDAR enable fast development of tomorrow’s technologies. As the preferred industry platform, TriLumina illumination solutions democratize and advance a range of applications—from AR/VR, 3D-cameras to self-driving cars and beyond.
Exagen Diagnostics
Debt Financing in 2013
Exagen is a patient focused, discovery-driven life science company that addresses the unmet need for the accurate diagnosis and monitors patients affected by autoimmune rheumatic diseases. The company also provides AVISE tests that are specifically designed to provide objective information to physicians and patients for more accurate, efficient diagnosis, and better disease management.
Exagen was established in 2002 and is headquartered in Vista, California.
3D Glass Solutions, Inc.
Series B in 2019
3D Glass Solutions, Inc. manufactures glass-based system-in-package (SiP) electronic packaging devices and components. It also offers design and device consultation, and prototyping. The company serves to integrated circuit manufacturers, photonic component suppliers, and defense contractors. 3D Glass Solutions, Inc. was incorporated in 2006 and is based in Albuquerque, New Mexico.
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.
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.
TriLumina Corporation
Series A in 2014
TriLumina delivers industry-leading VCSEL illumination solutions for 3D sensing and LiDAR in automotive, industrial and mobile markets. These patented innovations in VCSEL technology for 3D-sensing and LiDAR enable fast development of tomorrow’s technologies. As the preferred industry platform, TriLumina illumination solutions democratize and advance a range of applications—from AR/VR, 3D-cameras to self-driving cars and beyond.
Exagen Diagnostics
Venture Round in 2019
Exagen is a patient focused, discovery-driven life science company that addresses the unmet need for the accurate diagnosis and monitors patients affected by autoimmune rheumatic diseases. The company also provides AVISE tests that are specifically designed to provide objective information to physicians and patients for more accurate, efficient diagnosis, and better disease management.
Exagen was established in 2002 and is headquartered in Vista, California.
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.
Respira Therapeutics, Inc.
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.
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.
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.
Exagen Diagnostics
Debt Financing in 2014
Exagen is a patient focused, discovery-driven life science company that addresses the unmet need for the accurate diagnosis and monitors patients affected by autoimmune rheumatic diseases. The company also provides AVISE tests that are specifically designed to provide objective information to physicians and patients for more accurate, efficient diagnosis, and better disease management.
Exagen was established in 2002 and is headquartered in Vista, California.
Exagen Diagnostics
Venture Round in 2011
Exagen is a patient focused, discovery-driven life science company that addresses the unmet need for the accurate diagnosis and monitors patients affected by autoimmune rheumatic diseases. The company also provides AVISE tests that are specifically designed to provide objective information to physicians and patients for more accurate, efficient diagnosis, and better disease management.
Exagen was established in 2002 and is headquartered in Vista, California.
xF Technologies Inc.
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.
Skorpios Technologies Inc.
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.
Robotic Skies
Series A in 2019
Robotic Skies is a brokered global network of more than 150 independently-owned and operated repair stations that have the aviation expertise to provide maintenance and repairs on commercial unmanned systems. Robotic Skies draws on only the best FAA- and aviation authority-approved maintenance organizations currently maintaining manned aircraft to offer comprehensive field service programs designed to keep UAS flying safely, efficiently and affordably.
Comet Solutions, Inc.
Series C in 2012
Comet Solutions provides software applications that enable manufacturers to develop product development process. Its mission is to deliver innovative technology that changes the landscape of how simulation can be used in the product development process.
The company was founded in 2001 and is headquartered in Cincinnati, Ohio.
Aspen Avionics, Inc.
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.
TriLumina Corporation
Series B in 2015
TriLumina delivers industry-leading VCSEL illumination solutions for 3D sensing and LiDAR in automotive, industrial and mobile markets. These patented innovations in VCSEL technology for 3D-sensing and LiDAR enable fast development of tomorrow’s technologies. As the preferred industry platform, TriLumina illumination solutions democratize and advance a range of applications—from AR/VR, 3D-cameras to self-driving cars and beyond.