Funded Startups in New Mexico
Disclosed round sizes in this New Mexico set are led by a single outlier: Array Technologies’ $500M post-IPO equity on 2021-08-11, dwarfing the next-larges…
Disclosed round sizes in this New Mexico set are led by a single outlier: Array Technologies’ $500M post-IPO equity on 2021-08-11, dwarfing the next-largest disclosed amounts (Kit Carson Electric Cooperative at $96M on 2024-10-01, then $35M for X-Bow Launch Systems on 2025-05-12). By contrast, the smallest disclosed amount is $10K, appearing twice (BeeWildOutside on 2025-02-12 and Equility on 2025-02-12), illustrating a wide spread from crowdfunding-to-very large strategic/public-related financings.
Rounds also cluster tightly by geography and timing within the newest entries. Between 2025-06-18 and 2025-07-14, at least four companies raised (including Select Milk Producers at $30M on 2025-07-14 and Sceye at $15M on 2025-06-25). Albuquerque appears repeatedly (e.g., X-Bow Launch Systems on 2025-05-12, mPower Technology on 2025-05-08, Crogl on 2025-03-06), suggesting a city-level concentration rather than a statewide distribution. The list spans 2020-03-24 through 2025-07-14, and many recent entries are labeled Series Unknown or are undisclosed in amount (e.g., Electronic Caregiver on 2025-06-18 is undisclosed).
Most recent rounds
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Frequently asked
Which disclosed round is an outlier in this New Mexico dataset, and how do the rest compare?
Array Technologies’ $500M post-IPO equity (2021-08-11) is the only disclosed amount in this set above $100M. The next-largest disclosed rounds are much smaller, including Kit Carson Electric Cooperative at $96M (2024-10-01) and X-Bow Launch Systems at $35M (2025-05-12).
How concentrated are the most recent financings by date (e.g., last ~3 months) and what are examples?
The newest entries cluster in mid-2025: between 2025-05-08 (mPower Technology, $21M) and 2025-07-14 (Select Milk Producers, $30M), there are multiple funded rounds, including X-Bow Launch Systems at $35M on 2025-05-12 and UbiQD at $20M on 2025-04-22. Several of the highest-visibility amounts sit in this same late-spring-to-summer window.
Do any cities or hubs appear disproportionately in the recent rows?
Albuquerque shows up repeatedly across different industries in the newest set, including X-Bow Launch Systems ($35M, 2025-05-12), mPower Technology ($21M, 2025-05-08), Crogl ($25M, 2025-03-06), and EnviTrace ($1M, 2024-02-20). Other cities like Santa Fe and Las Cruces appear, but Albuquerque is the most consistently recurring location in the entries shown.
What stage or labeling pattern dominates, based on what’s disclosed here?
Series Unknown is frequent among recent rounds (e.g., Select Milk Producers on 2025-07-14 is Series Unknown; Sceye on 2025-06-25 is Series Unknown; Breezy Med on 2025-03-04 is Series Unknown), and undisclosed amounts also recur (e.g., Electronic Caregiver on 2025-06-18 and Vitazi.ai on 2025-02-14). This combination means disclosed size comparisons are less complete for several of the newest financings.
Which sectors stand out in frequency, and do they align with the larger-ticket rounds?
Artificial Intelligence (AI) appears multiple times (Vitazi.ai on 2025-02-14; EnviTrace on 2024-02-20; Breezy Med on 2025-03-04), while Biotechnology also repeats (e.g., NTx on 2024-12-04; Circular Genomics on 2024-01-23; BioFlyte on 2023-08-10). The largest disclosed amount is not in these recurring life-science/AI clusters; the $500M outlier is in Science/Engineering via Array Technologies (2021-08-11).
Are there any unusually small disclosed rounds that help define the floor versus mid-tier amounts?
The disclosed floor is $10K, seen in two separate entries dated 2025-02-12: BeeWildOutside ($10K) and Equility ($10K). Mid-tier disclosed rounds span the $200K to $5M range (e.g., Roper at $530K on 2024-04-25 and Karoo Health at $3M on 2023-06-07), with far fewer disclosed amounts approaching the high end below the $35M–$96M bracket.
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