Funded Startups in New Mexico
Array Technologies’ disclosed $500M round (2021-08-11) dwarfs the rest of the disclosed deals on this New Mexico list; the next-largest disclosed amount is…
Array Technologies’ disclosed $500M round (2021-08-11) dwarfs the rest of the disclosed deals on this New Mexico list; the next-largest disclosed amount is $96M (Kit Carson Electric Cooperative on 2024-10-01), and the top cluster of the remaining large rounds sits between $15M and $30M (e.g., Select Milk Producers $30M on 2025-07-14 and Crogl $25M on 2025-03-06). Geographically, Albuquerque is the dominant hub, appearing 26 times across the 50 rows (Santa Fe appears 9 times; Las Cruces 3), and the most recent 10 rows concentrate in 2026, with the latest disclosed entry at Karoo Health’s $16M on 2026-07-20. In sector terms, Biotechnology, Financial Services, and Energy each show up in 3+ entries, while stage disclosure is often incomplete: 9 of 50 rows list amounts as undisclosed, and many rounds are labeled “Series Unknown.”
Most recent rounds
50 of 522 more funded startups
This page shows the 50 most recent rounds (back to Jan 2021). The full 52-company history for this listing opens on a FundedIQ plan.
Unlock all 52 companies in this listing — full funding history, investors, and founders.
Related listings
Frequently asked
Which disclosed round is the outlier for size, and how does it change expectations for the rest of the list?
Array Technologies’ $500M (2021-08-11) is an order-of-magnitude above the next-largest disclosed amount, $96M for Kit Carson Electric Cooperative (2024-10-01), with most other large disclosed rounds clustering lower (for example, $30M Select Milk Producers on 2025-07-14 and $25M Crogl on 2025-03-06).
How much of the activity is concentrated in a short recent window versus the full range shown?
The rows span 2021-01-08 to 2026-07-20, but the recency is visible in 2026 entries such as Karoo Health’s $16M on 2026-07-20 and Imagion Biosystems’ $3M on 2026-06-25; at the earlier end, the list includes First Crop’s $200K on 2021-09-11 and Array Technologies’ $500M on 2021-08-11.
Do any cities or locations appear disproportionately across these funded rounds?
Yes. Albuquerque appears 26 times across the 50 rows (with multiple high-disclosure entries such as Karoo Health $16M on 2026-07-20 and Mpower Technology $21M on 2025-05-08), while Santa Fe appears 9 times and Las Cruces appears 3 times.
What does the stage/deal classification mix look like, especially regarding missing amounts?
Stage and amount completeness are uneven: 9 of 50 rows are undisclosed in the amount field, and many entries carry “Series Unknown” (for example, DXD Capital on 2026-06-30 is undisclosed, and Hoonify Technologies on 2026-05-08 is a $6M round labeled “Series Unknown”).
Which sectors show up repeatedly enough to suggest a pattern rather than one-off entries?
Several categories recur in 3+ entries, including Biotechnology (e.g., Imagion Biosystems $3M on 2026-06-25 and Circular Genomics $15M on 2025-12-01), Financial Services (e.g., Zia Credit Union $10M on 2026-03-05 and Bank 34 $14M on 2023-01-06), and Energy (e.g., Kit Carson Electric Cooperative $96M on 2024-10-01 and mPower Technology $21M on 2025-05-08).
Which disclosed entries are among the smallest, and are they clustered by stage or sector?
The smallest disclosed amount is $10K for Equility (2025-02-12), alongside other very small disclosed entries like Apployd’s $10K (2026-03-10) and BeeWildOutside’s $10K (2025-02-12), both under “Series Unknown”; these low-disclosure amounts sit well below the list’s upper range that includes $15M–$30M rounds such as Circular Genomics ($15M on 2025-12-01) and Select Milk Producers ($30M on 2025-07-14).
Know who just raised. Then know who to reach.
Every newly funded startup with its round, its investors and its founders: delivered weekly by email, or searchable in the app.
Alerts from $19/mo · Pro from $99/mo. Card required, nothing charged until day 15, and we email you 3 days before that.