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 specializes in the development of high-throughput cell- and bead-based screening solutions tailored for the life sciences sector, particularly in drug discovery, antibody development, and immunology. Founded in 2006 and based in Albuquerque, New Mexico, the company offers a comprehensive iQue Screener platform that integrates instrumentation, software, and reagents to facilitate high-content multiplex analysis of samples in liquid suspension. This platform is complemented by ForeCyt software for data visualization and analysis, as well as MultiCyt screening kits designed for use with iQue Screeners. IntelliCyt’s innovative technologies significantly enhance the efficiency and cost-effectiveness of detecting and measuring cells and beads, addressing critical needs in pharmaceutical and biotechnology laboratories globally. As a subsidiary of Sartorius AG, IntelliCyt continues to lead in providing solutions that meet the demands of modern life sciences research while ensuring rapid and relevant results in various applications, including phenotypic small molecule drug discovery and in vitro toxicology.

IntelliCyt

Venture Round in 2013
IntelliCyt Corporation specializes in the development of high-throughput cell- and bead-based screening solutions tailored for the life sciences sector, particularly in drug discovery, antibody development, and immunology. Founded in 2006 and based in Albuquerque, New Mexico, the company offers a comprehensive iQue Screener platform that integrates instrumentation, software, and reagents to facilitate high-content multiplex analysis of samples in liquid suspension. This platform is complemented by ForeCyt software for data visualization and analysis, as well as MultiCyt screening kits designed for use with iQue Screeners. IntelliCyt’s innovative technologies significantly enhance the efficiency and cost-effectiveness of detecting and measuring cells and beads, addressing critical needs in pharmaceutical and biotechnology laboratories globally. As a subsidiary of Sartorius AG, IntelliCyt continues to lead in providing solutions that meet the demands of modern life sciences research while ensuring rapid and relevant results in various applications, including phenotypic small molecule drug discovery and in vitro toxicology.

TruTouch Technologies

Venture Round in 2009
TruTouch Technologies, Inc. specializes in the development and manufacturing of noninvasive alcohol testing systems aimed at enhancing worksite safety. Established in 2005, the company is headquartered in Sudbury, Massachusetts, with a research and development facility in Riverside, California. Its flagship product, the TruTouch system, employs biometric technology to assess blood alcohol content through the skin while confirming user identity. The company's offerings cater to various sectors, including energy, transportation, warehousing, and community services, and are utilized for applications such as employee screening, medical diagnostics, law enforcement, and workplace safety. By providing accurate and real-time alcohol measurement solutions, TruTouch Technologies plays a crucial role in promoting safety and compliance in various environments.

Vibrant Corporation

Funding Round in 2008
Vibrant Corporation specializes in process compensated resonance testing (PCRT) services for the aerospace and power generation industries, as well as materials laboratories. The company offers a range of PCRT services, including process outlier screening, defect detection, manufacturing process control, life monitoring, and material property characterization. Additionally, Vibrant manufactures PCRT testing equipment and supplies inspection equipment for the automotive sector. Its technology is used for quality assurance and process capability assessment by original equipment manufacturers, as well as for in-service structural assessments and life monitoring for maintenance, repair, and overhaul organizations. Established in 1991, Vibrant Corporation is headquartered in Albuquerque, New Mexico, with facilities in the United States and Germany.

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 the development and manufacturing of noninvasive alcohol testing systems aimed at enhancing worksite safety. Established in 2005, the company is headquartered in Sudbury, Massachusetts, with a research and development facility in Riverside, California. Its flagship product, the TruTouch system, employs biometric technology to assess blood alcohol content through the skin while confirming user identity. The company's offerings cater to various sectors, including energy, transportation, warehousing, and community services, and are utilized for applications such as employee screening, medical diagnostics, law enforcement, and workplace safety. By providing accurate and real-time alcohol measurement solutions, TruTouch Technologies plays a crucial role in promoting safety and compliance in various environments.

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.

Wellkeeper

Venture Round in 2006
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 the development and manufacturing of noninvasive alcohol testing systems aimed at enhancing worksite safety. Established in 2005, the company is headquartered in Sudbury, Massachusetts, with a research and development facility in Riverside, California. Its flagship product, the TruTouch system, employs biometric technology to assess blood alcohol content through the skin while confirming user identity. The company's offerings cater to various sectors, including energy, transportation, warehousing, and community services, and are utilized for applications such as employee screening, medical diagnostics, law enforcement, and workplace safety. By providing accurate and real-time alcohol measurement solutions, TruTouch Technologies plays a crucial role in promoting safety and compliance in various environments.

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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