Recently Funded Startups in New Mexico (Sep-2025)
Last Updated: 4-Sep-2025
New Mexico’s startup ecosystem is thriving as evidenced by a notable surge in funding activity in 2025. The state has seen a total of 11 startups successfully raise funds this year alone, adding to the 10 that secured investments the previous year. This growing trend underscores the increasing recognition of New Mexico as a viable hub for innovation and entrepreneurship, bolstered by its unique blend of resources and diverse industries.
Key sectors such as energy, manufacturing, and commerce continue to attract attention from investors, with a total funding amount reaching $146 million this year. The largest deal, a $35 million Series B funding for X-Bow Launch Systems, highlights the potential within the aerospace and defense industries. As these startups flourish, they contribute significantly to local economic growth and technological advancements, making New Mexico an emerging player in the national startup landscape.
Funding Highlights
- Total number of startups tracked: 48
- Number of startups that raised funding last year: 10
- Number of startups that raised funding this year: 11
- Total funding raised this year so far in USD: $146,020,000
- Largest deal: X-Bow Launch Systems, Series B, $35,000,000
- Top industries by funding amount: Energy, $36,000,000; Manufacturing, $35,000,000; Commerce and Shopping, $30,000,000
- Top industries by number of deals this year: Artificial Intelligence (AI), 2 deals; Commerce and Shopping, 2 deals; Energy, 2 deals
Full List of Recently Funded Startups in New Mexico
| Company | Country | State | Round | Amount | Date | Industry |
|---|---|---|---|---|---|---|
| Select Milk Producers | United States | New Mexico | Series Unknown | $30M | 2025-07-14 | Commerce and Shopping |
| Sceye | United States | New Mexico | Series Unknown | $15M | 2025-06-25 | Energy |
| Electronic Caregiver | United States | New Mexico | Series Unknown | Undisclosed | 2025-06-18 | Commerce and Shopping |
| X-Bow Launch Systems | United States | New Mexico | Series B | $35M | 2025-05-12 | Manufacturing |
| mPower Technology | United States | New Mexico | Series B | $21M | 2025-05-08 | Energy |
| UbiQD | United States | New Mexico | Series B | $20M | 2025-04-22 | Hardware |
| Crogl | United States | New Mexico | Series A | $25M | 2025-03-06 | Consumer Electronics |
| Breezy Med | United States | New Mexico | Series Unknown | Undisclosed | 2025-03-04 | Artificial Intelligence (AI) |
| Vitazi.ai | United States | New Mexico | Series A | Undisclosed | 2025-02-14 | Artificial Intelligence (AI) |
| Equility | United States | New Mexico | Series Unknown | $10K | 2025-02-12 | Financial Services |
| BeeWildOutside | United States | New Mexico | Series Unknown | $10K | 2025-02-12 | Health Care |
| NTx | United States | New Mexico | Series Unknown | $15M | 2024-12-04 | Biotechnology |
| Kit Carson Electric Cooperative | United States | New Mexico | Series Unknown | $95.6M | 2024-10-01 | Energy |
| Sceye | United States | New Mexico | Series C | Undisclosed | 2024-09-17 | Energy |
| DreamSpring | United States | New Mexico | Series Unknown | $2.5K | 2024-07-16 | Financial Services |
| X-Bow Launch Systems | United States | New Mexico | Series B | $70M | 2024-07-10 | Manufacturing |
| Roper | United States | New Mexico | Series Unknown | $530K | 2024-04-25 | Apps |
| Homewise | United States | New Mexico | Series Unknown | $1M | 2024-04-16 | Non-profit Organizations |
| Pajarito Powder | United States | New Mexico | $20M | 2024-03-25 | Consumer Electronics | |
| EnviTrace | United States | New Mexico | Series Unknown | $1.2M | 2024-02-20 | Artificial Intelligence (AI) |
| Circular Genomics | United States | New Mexico | Series A | $8.3M | 2024-01-23 | Biotechnology |
| NTx | United States | New Mexico | Series B | $47.5M | 2023-11-15 | Biotechnology |
| WaveFront Dynamics | United States | New Mexico | Series Unknown | $5M | 2023-09-07 | Biotechnology |
| BioFlyte | United States | New Mexico | Series B | $5.4M | 2023-08-10 | Biotechnology |
| BabyQuip | United States | New Mexico | Seed | $171.2K | 2023-07-26 | Commerce and Shopping |
| Vibrant Corporation | United States | New Mexico | Series A | $3.4M | 2023-07-18 | Science and Engineering |
| Electronic Caregiver | United States | New Mexico | Series A | $95M | 2023-06-12 | Commerce and Shopping |
| Karoo Health | United States | New Mexico | Seed | $3.4M | 2023-06-07 | Health Care |
| BennuBio | United States | New Mexico | Series Unknown | Undisclosed | 2023-06-06 | Biotechnology |
| Imagion Biosystems | United States | New Mexico | Series Unknown | $1M | 2023-06-01 | Biotechnology |
| X-Bow Launch Systems | United States | New Mexico | Series Unknown | $60M | 2023-04-26 | Manufacturing |
| YES Housing | United States | New Mexico | Series Unknown | $627K | 2023-04-13 | Community and Lifestyle |
| BabyQuip | United States | New Mexico | Series Unknown | $2.6M | 2023-03-28 | Commerce and Shopping |
Frequently Asked Questions
Q1. Where can I find recently funded startups in New Mexico, USA?
You can explore our full list of startups that raised funding this month above. You can also subscribe to our free plan to get weekly alerts.
Q2. How can I connect with these startups in New Mexico, USA?
You can subscribe to our premium plan for verified CEO and decision-maker contacts.
Q3. How many startups in New Mexico, USA were tracked and how many raised funding this year?
There are 48 startups tracked in New Mexico, USA; 11 raised funding this year and 10 raised funding last year; total funding this year so far is $146,020,000 and the largest deal was X-Bow Launch Systems, Series B, $35,000,000.
Q4. Which industries are trending among recently funded startups in New Mexico, USA?
By funding amount the top industries are Energy ($36,000,000), Manufacturing ($35,000,000), and Commerce & Shopping ($30,000,000); by deal count the leaders are AI (2 deals), Commerce & Shopping (2 deals), and Energy (2 deals).
Q5. How can investors or partners discover and vet these New Mexico, USA startups?
Review the monthly list and deal summaries above, use filters to target sectors, subscribe to free weekly alerts for updates, attend local demo days/accelerator events, and subscribe to premium for verified contacts and deeper vetting materials.
