Funded Startups in Albuquerque
The 25 most recent funding rounds recorded for Albuquerque, New Mexico startups span from March 2020 through May 2025.
The 25 most recent funding rounds recorded for Albuquerque, New Mexico startups span from March 2020 through May 2025. The two most recent disclosed rounds — both Series B — closed within days of each other: X-Bow Launch Systems (Manufacturing) raised $35M on May 12, 2025, and mPower Technology (Energy) closed $21M on May 8, 2025. The clear outlier by size is Array Technologies, which raised $500M in a post-IPO equity round in August 2021.
Biotechnology is the most represented sector across these 25 entries, with five companies — Circular Genomics, WaveFront Dynamics, BioFlyte, BennuBio, and Imagion Biosystems — all raising rounds between June 2023 and January 2024. Energy accounts for three companies (Array Technologies, mPower Technology, Unirac) across multiple round structures. A notable share of the entries list either undisclosed amounts or "Series Unknown" round types, which limits full capital-deployment analysis for portions of this market.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among Albuquerque startups in this dataset?
Array Technologies raised $500M in a post-IPO equity round in August 2021 — the largest disclosed amount by a wide margin. The next largest are X-Bow Launch Systems at $35M (Series B, May 2025) and mPower Technology at $21M (Series B, May 2025).
Which sectors account for the most funding activity in this Albuquerque dataset?
Biotechnology leads with five companies — Circular Genomics, WaveFront Dynamics, BioFlyte, BennuBio, and Imagion Biosystems — all raising rounds between June 2023 and January 2024. Energy is next with three companies (Array Technologies, mPower Technology, Unirac) spread across multiple round types including post-IPO equity and venture.
What funding stages are most common among these Albuquerque companies?
The stage mix is fragmented: the dataset includes Series A, Series B, Seed, private equity, grants, and post-IPO equity, alongside a large number of 'Series Unknown' or undisclosed designations. The two most recent rounds — X-Bow Launch Systems and mPower Technology in May 2025 — are both Series B.
Has any company in this dataset raised multiple rounds?
mPower Technology appears twice: a $2M round in March 2020 and a $21M Series B in May 2025, showing a five-year funding progression from early-stage to growth capital.
How much of the activity in this dataset is from 2023 and 2024?
Approximately ten of the 25 entries fall within 2023–2024, including Circular Genomics' $8M Series A, Pajarito Powder's $20M round, and WaveFront Dynamics' $5M round. Several entries from that window list undisclosed amounts, so a precise capital total for the period is not available from this data.
Are there non-venture funding types represented in Albuquerque rounds?
Yes. The dataset includes a $1M grant to VisionQuest Biomedical (October 2022), an undisclosed grant to Rutgers University (April 2022), a private equity round for Unirac (October 2022), and Array Technologies' $500M post-IPO equity raise, indicating the local ecosystem draws capital from sources beyond traditional VC.
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