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UP.Abundance is a venture capital fund established in 2022, operating under the umbrella of UP.Partners. The firm is headquartered in Albuquerque, New Mexico, and is dedicated to investing in the future of transportation and the energy that powers it. The organization aims to support startups in the climate tech and mobility sectors by providing access to capital and strategic connections.
Since its inception, UP.Abundance has focused on addressing critical challenges in energy, transportation, land use, water, and the built environment. The firm is committed to fostering innovation in these areas, particularly for companies that have or plan to establish a presence in New Mexico. This geographic focus allows UP.Abundance to leverage local resources and networks to enhance the growth of its portfolio companies.
UP.Abundance invests across a wide range of stages, including Friends & Family, Angel, Accelerator/Incubator, Pre-seed, Seed, Seed+ (Extension), Series A, Series B, Series C, Series D, Series E, and Growth Equity. The firm specifically targets climate tech companies that tackle challenges in energy, transportation, land use, water, and the built environment. Key focus areas include power generation technologies such as solar, wind, fission, fusion, and geothermal, as well as electricity transmission, energy storage, and autonomous vehicles.
Additionally, UP.Abundance is interested in sectors like mining, defense tech, heat management, water and fire management, and decarbonizing oil and gas production. To qualify for investment, startups must have or plan to establish a presence in New Mexico, aligning with the firm’s commitment to regional development and sustainability.
Brian Adams - Co-Founder & Managing Partner. Brian has extensive experience in venture capital and has been instrumental in shaping UP.Abundance's investment strategy. His background includes working with various startups in the climate tech sector.
David Ellmann - Co-Founder & General Partner. David brings a wealth of knowledge in mobility and energy investments, having led multiple successful funding rounds for startups in these industries.
To pitch UP.Abundance, founders should visit their website at upabundance.com. It is recommended to include a clear overview of the startup's mission, market potential, and alignment with UP.Abundance's investment focus. A well-structured pitch deck that highlights the team, product, and business model will enhance the chances of receiving a timely response.
What are UP.Abundance's investment criteria?
UP.Abundance invests in climate tech and mobility startups that address challenges in energy, transportation, land use, water, and the built environment. Companies must have or plan to establish a presence in New Mexico to qualify for investment.
How can I pitch to UP.Abundance?
Founders can submit their pitch through the UP.Abundance website at upabundance.com. It is advisable to include detailed information about the startup's mission, market potential, and how it aligns with UP.Abundance's focus areas.
What makes UP.Abundance different from other VC firms?
UP.Abundance is unique in its strong emphasis on climate tech and mobility, specifically targeting startups that are committed to establishing a presence in New Mexico. This regional focus allows the firm to build strategic connections and resources that benefit its portfolio companies.
What stages of startups does UP.Abundance invest in?
The firm invests across all stages, from Friends & Family and Angel rounds to Growth Equity, providing flexibility for startups at various points in their development.
What is the typical check size for investments?
While specific check sizes are not disclosed, UP.Abundance is known to support startups across a range of funding stages, indicating a willingness to invest varying amounts based on the needs of the company.
What kind of post-investment support does UP.Abundance provide?
UP.Abundance offers strategic connections and access to resources that can help startups grow and succeed in their respective markets, particularly in the climate tech and mobility sectors.
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