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Verge Fund is a venture capital firm located in Albuquerque, New Mexico, dedicated to supporting early-stage startups and entrepreneurs in the region. Founded to capitalize on the substantial research and development resources available in New Mexico, which exceed $5 billion annually, Verge Fund aims to foster an innovation-led economy. The team possesses over 100 years of combined experience in working with entrepreneurial companies, providing a wealth of knowledge and expertise to the startups they support.
As a firm focused on local investment, Verge Fund has established itself as a key player in the New Mexico startup ecosystem. The organization has a clear mission to build world-class companies by leveraging local talent and resources. Their commitment to the region is evident in their investment strategy, which prioritizes early-stage companies that can benefit from the unique opportunities available in New Mexico.
Verge Fund primarily invests in early-stage companies within New Mexico, targeting sectors such as healthcare, biotech, SaaS, and consumer technology. The firm focuses on pre-seed, seed, and seed-plus stages, providing crucial support to startups at their earliest phases. Their investment strategy emphasizes leveraging local research capabilities and fostering technological development, which aligns with their goal of building an innovation-led economy.
In evaluating potential investments, Verge Fund looks for passionate entrepreneurs who are committed to their vision and capable of executing their business plans. The firm values companies that can demonstrate a clear understanding of their market and possess innovative solutions to address existing challenges. Their deal structure preferences typically involve equity investments, and they are open to co-investing with other firms to maximize support for promising startups.
Verge Fund has a diverse portfolio of notable companies, including:
These companies exemplify Verge Fund's commitment to investing in innovative solutions across various sectors, particularly in healthcare and technology.
Bill Bice: General Partner with extensive experience in the startup ecosystem, previously involved in multiple successful ventures.
Larry Lujan: General Partner known for his expertise in supporting early-stage companies and fostering innovation.
Ron J. McPhee: General Partner and founder of HealthFirst, bringing valuable insights from his background in health management software.
Thomas J. Stephenson: Managing General Partner and founder of Pajarito Powder, with a focus on the fuel cell industry.
Chris Gregory: Director of Finance, responsible for managing financial operations and supporting portfolio companies.
David Franklin: Entrepreneur in Residence, providing mentorship and guidance to startups.
Erin Barrio: Communications Manager, overseeing outreach and engagement efforts.
Paul Short: Venture Partner with a background in venture capital and startup development.
Founders interested in pitching to Verge Fund should send their pitch deck via email to info@vergefund.com. The deck should include key information about the business model, market opportunity, team background, and financial projections. Response times may vary, but founders can expect to hear back within a few weeks.
As of October 2023, Verge Fund continues to actively support local startups in New Mexico, with a focus on building an innovation-led economy. The firm has not published recent blog posts or updates, indicating a potential area for increased engagement with the entrepreneurial community.
What are Verge Fund's investment criteria?
Verge Fund focuses on early-stage companies in New Mexico, particularly in healthcare, biotech, SaaS, and consumer sectors. They look for passionate entrepreneurs with innovative solutions and a clear understanding of their market.
How can I pitch to Verge Fund?
Founders can reach out via email at info@vergefund.com. A well-prepared pitch deck that outlines the business model, market opportunity, and team background is essential.
What makes Verge Fund different from other investors?
Verge Fund emphasizes local investment, leveraging over $5 billion in annual research and development resources in New Mexico. Their deep understanding of the regional market and commitment to fostering local entrepreneurs sets them apart.
What is the typical check size for investments?
While specific check sizes are not disclosed, Verge Fund typically invests at the pre-seed, seed, and seed-plus stages, which generally involve smaller initial investments to support early growth.
What is the geographic scope of Verge Fund's investments?
Verge Fund primarily invests in companies located in New Mexico, focusing on the local entrepreneurial ecosystem and its unique opportunities.
What kind of support do portfolio companies receive post-investment?
Verge Fund provides operational support, mentorship, and access to their extensive network, helping portfolio companies navigate challenges and scale effectively.
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