Welcome to the New Mexico Angels
The only New Mexico based group of individual accredited angel investors focused on investing in early-stage companies in the Southwest. Over $20 million invested since 1999. Our mission is to provide opportunities where our members can obtain outstanding financial returns while accelerating companies to market leadership.
Mission & History
New Mexico Angels’ mission is to provide opportunities where its members can obtain outstanding financial returns by investing in early-stage companies in New Mexico and the Southwest Region and accelerating them to market leadership. We work with the venture capital community and angel groups in the Southwestern area.
New Mexico Angels was formed in the Spring of 1999 by George Richmond, to invest in New Mexico-based high growth potential early stage and seed companies. (Originally incorporated as New Mexico Private Investors, Inc., the name changed in 2006.) The New New Mexico Angels is not a venture fund, and it does not make direct investments; it does, however, serve as an intermediary between its members and potential investment opportunities. It’s members make direct investments through the vehicle of New Mexico Angels. As a group, we negotiate the terms of the deal, the entrepreneur then agrees to those terms (or negotiates further), and then the members decide to invest (or not).
Because of the risk involved in such investments, our returns must be commensurate. Our members come from diverse business and investment backgrounds so are able to provide contacts, mentoring, and other assistance in growing businesses, including serving on boards and team building. The capital received should be considered “value added” capital, and it will rarely come in as cash alone – advice and discussion should also be expected.
We also have good relations with many national venture capital firms and we assist the company in bringing in those very important next financing rounds from those firms. In fact, some members of our Board and some members of our Screening Committee are also partners of venture capital firms in New Mexico. It should be assumed that if follow-on financing is necessary and appropriate, the New Mexico Angels will assist in this endeavor.