Verge Fund

Verge Fund, established in 2003, is a venture capital firm based in Albuquerque, New Mexico. It specializes in early-stage growth investments, focusing on life science, technology, and renewable sectors within the state. The firm's principals, with a combined 43 years of experience, leverage their local knowledge and networks to identify and support high-potential startups, often at the seed stage when business plans may not be fully developed. Verge Fund aims to generate significant returns by providing capital and expertise to promising ventures in New Mexico.

Larry Lujan

General Partner

13 past transactions

BoomTime

Series B in 2017
BoomTime is an e-commerce platform serving thousands of small businesses, offering a comprehensive suite of marketing solutions tailored under each client's brand. Their services include website development, search engine optimization (SEO), pay-per-click advertising (SEM), lead capture systems, email marketing, and more. BoomTime empowers businesses by educating them on effective marketing strategies, aiming to enhance their online presence and improve financial performance through increased returns.

IntelliCyt

Venture Round in 2015
IntelliCyt Corporation, founded in 2006 and based in Albuquerque, New Mexico, specializes in developing high-throughput cell and bead-based screening solutions for the life sciences sector. The company utilizes proprietary technologies to create its iQue Screener platform, which integrates instruments, software, and reagents for multiplexed analysis of samples in liquid suspension. IntelliCyt's offerings include ForeCyt software for data visualization and analysis, as well as MultiCyt screening kits designed for use with iQue Screeners. These products cater to the needs of pharmaceutical and biotechnology companies, as well as medical centers, by significantly increasing the speed and efficiency of detecting and measuring cells and beads. The company addresses critical demands in drug discovery, antibody discovery, and in vitro toxicology, providing earlier and more relevant results while reducing costs. IntelliCyt operates as a subsidiary of Sartorius AG and is recognized for pioneering high-throughput screening technologies that enhance productivity in modern life sciences research.

IntelliCyt

Venture Round in 2013
IntelliCyt Corporation, founded in 2006 and based in Albuquerque, New Mexico, specializes in developing high-throughput cell and bead-based screening solutions for the life sciences sector. The company utilizes proprietary technologies to create its iQue Screener platform, which integrates instruments, software, and reagents for multiplexed analysis of samples in liquid suspension. IntelliCyt's offerings include ForeCyt software for data visualization and analysis, as well as MultiCyt screening kits designed for use with iQue Screeners. These products cater to the needs of pharmaceutical and biotechnology companies, as well as medical centers, by significantly increasing the speed and efficiency of detecting and measuring cells and beads. The company addresses critical demands in drug discovery, antibody discovery, and in vitro toxicology, providing earlier and more relevant results while reducing costs. IntelliCyt operates as a subsidiary of Sartorius AG and is recognized for pioneering high-throughput screening technologies that enhance productivity in modern life sciences research.

TruTouch Technologies

Venture Round in 2009
TruTouch Technologies, Inc. specializes in developing and manufacturing noninvasive alcohol testing systems aimed at enhancing workplace safety. The company’s flagship product, the TruTouch system, employs light technology to measure blood alcohol content through the skin while simultaneously verifying user identity through biometric data. Founded in 2005, TruTouch Technologies serves various sectors, including energy, transportation, warehousing, and community applications, with a focus on daily employee alcohol screening and ensuring safety in medical, law enforcement, and industrial environments. The company is headquartered in Sudbury, Massachusetts, with a research and development center located in Riverside, California.

Vibrant Corporation

Funding Round in 2008
Vibrant Corporation is a specialized provider of process compensated resonance testing (PCRT) services, primarily serving the aerospace and power generation industries, as well as materials laboratories. The company offers a range of PCRT services that include defect detection, process control, life monitoring, and material property characterization. Vibrant also manufactures PCRT testing equipment and supplies inspection tools for the automotive sector. Its technology facilitates non-destructive testing to assess structural integrity, thereby enabling quality assurance for component manufacturers and supporting maintenance, repair, and overhaul organizations in identifying critical defects such as cracks and fatigue. Founded in 1991, Vibrant Corporation is headquartered in Albuquerque, New Mexico, with additional facilities located in Germany.

Wellkeeper

Venture Round in 2007
Wellkeeper, Inc. is a provider of remote monitoring services tailored for independent oil and gas operators in Texas, New Mexico, and Oklahoma. Founded in 2001 and headquartered in Albuquerque, New Mexico, the company utilizes both software and hardware solutions to facilitate efficient management of oil field operations. Wellkeeper’s offerings include remote pump control, alarm support, as well as monitoring of tanks, equipment, wellheads, and saltwater disposal (SWD) systems, all accessible through a web interface. Additionally, the company has sales offices in Midland, Texas, and Denver and Dallas, Colorado. As of August 2019, Wellkeeper operates as a subsidiary of Noralta Technologies Inc.

TruTouch Technologies

Venture Round in 2007
TruTouch Technologies, Inc. specializes in developing and manufacturing noninvasive alcohol testing systems aimed at enhancing workplace safety. The company’s flagship product, the TruTouch system, employs light technology to measure blood alcohol content through the skin while simultaneously verifying user identity through biometric data. Founded in 2005, TruTouch Technologies serves various sectors, including energy, transportation, warehousing, and community applications, with a focus on daily employee alcohol screening and ensuring safety in medical, law enforcement, and industrial environments. The company is headquartered in Sudbury, Massachusetts, with a research and development center located in Riverside, California.

Altela

Seed Round in 2006
Altela is a company that specializes in water desalination and decontamination solutions, leveraging its patented technology to address fluid waste issues. Founded in 2005 and based in Colorado, Altela offers a diverse product portfolio that includes fluid waste reduction, waste-to-asset conversion, and integrated services. The company's AltelaRain system effectively reduces the volume of waste fluids and transforms waste into reusable resources, allowing clients to purify and produce water without relying on energy-intensive equipment. This innovative approach enables Altela to provide sustainable solutions for water management and environmental remediation.

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.

Wellkeeper

Venture Round in 2006
Wellkeeper, Inc. is a provider of remote monitoring services tailored for independent oil and gas operators in Texas, New Mexico, and Oklahoma. Founded in 2001 and headquartered in Albuquerque, New Mexico, the company utilizes both software and hardware solutions to facilitate efficient management of oil field operations. Wellkeeper’s offerings include remote pump control, alarm support, as well as monitoring of tanks, equipment, wellheads, and saltwater disposal (SWD) systems, all accessible through a web interface. Additionally, the company has sales offices in Midland, Texas, and Denver and Dallas, Colorado. As of August 2019, Wellkeeper operates as a subsidiary of Noralta Technologies Inc.

TruTouch Technologies

Venture Round in 2005
TruTouch Technologies, Inc. specializes in developing and manufacturing noninvasive alcohol testing systems aimed at enhancing workplace safety. The company’s flagship product, the TruTouch system, employs light technology to measure blood alcohol content through the skin while simultaneously verifying user identity through biometric data. Founded in 2005, TruTouch Technologies serves various sectors, including energy, transportation, warehousing, and community applications, with a focus on daily employee alcohol screening and ensuring safety in medical, law enforcement, and industrial environments. The company is headquartered in Sudbury, Massachusetts, with a research and development center 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 the design and production of innovative modular wireless test products. The company offers a range of advanced instruments, including modular digital oscilloscopes, waveform generators, RF frequency counters, RF power meters, and timing references. ZTEC Instruments focuses on delivering high-quality, versatile solutions for various testing and measurement applications, catering to the needs of engineers and researchers in the field.
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