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OneTen° Capital is a venture capital firm founded in 2017, originally known as NMA Ventures. The firm is based in Albuquerque, New Mexico, and focuses on supporting early-stage technology companies. The rebranding to OneTen° Capital highlights the geographical significance of New Mexico's latitude, reflecting the firm's commitment to local economic development.
Currently, OneTen° Capital manages a fund size of $4.2 million, with a portfolio that includes five companies. The firm operates from the Sandia Science & Technology Park, which provides access to unique deal flow from national lab spinouts. OneTen° Capital is backed by local angel investors and community investors, emphasizing its role in fostering innovation and growth in the region.
Since its inception, OneTen° Capital has made significant strides in addressing the capital gap in New Mexico and the broader Rocky Mountain region. The firm is dedicated to investing in ventures led by diverse founders, particularly women and underrepresented groups, aligning its investment strategy with diversity, equity, and inclusion principles.
OneTen° Capital primarily invests in early-stage technology companies, targeting pre-seed, seed, and seed+ (extension) stages. The firm focuses on sectors such as artificial intelligence (AI), healthcare, fintech, and biotech. OneTen° Capital aims to bridge the capital gap in New Mexico and the Rocky Mountain region, emphasizing investments in ventures that demonstrate innovation and growth potential.
The firm has a distinct preference for companies led by diverse founders, particularly women and underrepresented individuals. This commitment to diversity is a core aspect of OneTen° Capital's investment thesis, which seeks to create an inclusive environment that fosters innovation. The firm also values partnerships with founders who exhibit a strong vision and the ability to execute their ideas effectively.
OneTen° Capital's investment strategy includes leveraging its location at the Sandia Science & Technology Park to access unique deal flow from national lab spinouts. This geographical advantage allows the firm to identify and support innovative ventures that may not be readily available in other markets.
OneTen° Capital's portfolio consists of five early-stage technology companies based in New Mexico. Notable companies include:
The firm focuses on supporting innovative ventures that align with its investment thesis, particularly those that contribute to economic development in the region.
Hunter Greene — New Partner added in March 2022, bringing experience in venture capital and a focus on supporting diverse founders.
OneTen° Capital was founded by a team of experienced angel investors who are committed to economic development in New Mexico. The firm has not publicly disclosed the full list of its founding team members.
Founders interested in pitching to OneTen° Capital should submit their proposals through the firm's website at oneten.capital. It is important to include a comprehensive pitch deck that outlines the business model, market analysis, and team qualifications. The firm values clarity and detail in submissions.
Response times may vary, but founders can expect to hear back within a few weeks. OneTen° Capital prefers warm introductions, especially from trusted sources within the industry.
In March 2022, OneTen° Capital announced the addition of new partner Hunter Greene, expanding its team as part of the launch of Fund II. This fund aims to broaden the firm's geographic focus to include the entire Rocky Mountain region, encompassing New Mexico, Arizona, Utah, and Colorado.
OneTen° Capital has made five investments from its $4.2 million Fund I, focusing on early-stage technology companies in New Mexico. The firm continues to seek opportunities that align with its investment thesis of supporting diverse founders and addressing the capital gap in the region.
What are OneTen° Capital's investment criteria?
OneTen° Capital invests in early-stage technology companies, particularly those in AI, healthcare, fintech, and biotech sectors. The firm prioritizes ventures led by diverse founders, especially women and underrepresented individuals.
How can founders apply or pitch to OneTen° Capital?
Founders can pitch their ideas through the firm's website at oneten.capital. It is advisable to include a clear business plan, market analysis, and details about the founding team in the pitch deck.
What makes OneTen° Capital different from other venture firms?
OneTen° Capital is distinct in its focus on diversity, equity, and inclusion, specifically targeting the capital gap in New Mexico and the Rocky Mountain region. The firm emphasizes support for underrepresented founders and leverages its location for unique deal flow.
What is the geographic scope of OneTen° Capital's investments?
The firm primarily invests in New Mexico and has expanded its geographic focus to include the broader Rocky Mountain region, which encompasses Arizona, Utah, and Colorado.
What is the typical check size for investments?
While specific check sizes for Fund II are not disclosed, OneTen° Capital's Fund I had a total size of $4.2 million, indicating a focus on early-stage investments.
What kind of post-investment involvement does OneTen° Capital have?
OneTen° Capital actively supports its portfolio companies by providing access to resources, mentorship, and connections within the Sandia Science & Technology Park, enhancing their growth potential.
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