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Verge Fund is a venture capital firm based in Albuquerque, New Mexico, dedicated to supporting startups and entrepreneurs in the region. Founded to capitalize on the extensive research and development resources available in New Mexico, which exceed $5 billion annually, the firm aims to foster an innovation-led economy. The team at Verge Fund possesses over 100 years of combined experience in working with entrepreneurial companies, providing a wealth of knowledge and expertise to the startups they support.
Currently, Verge Fund manages a portfolio that reflects its commitment to early-stage investments, particularly in sectors such as healthcare, biotech, SaaS, and consumer technology. The firm focuses on pre-seed, seed, and seed-plus stages, ensuring that they are involved in the foundational growth of promising companies. Their strategic approach to investment is designed to nurture local talent and technological development, contributing to the overall economic growth of New Mexico.
Verge Fund's investment strategy is centered around early-stage companies primarily located in New Mexico. The firm targets sectors including healthcare, biotech, SaaS, and consumer technology, with a specific focus on pre-seed, seed, and seed-plus stages. This targeted approach allows Verge Fund to leverage the significant local research capabilities available in the region, which are crucial for fostering innovation.
The firm seeks to support entrepreneurs who are committed to building world-class companies. They look for founders who demonstrate a strong understanding of their market and possess the ability to execute their vision effectively. Verge Fund's investment philosophy emphasizes collaboration and support, aiming to create a thriving entrepreneurial ecosystem in New Mexico.
Verge Fund has built a notable portfolio of companies that exemplify its investment focus. Key portfolio companies include:
These companies reflect Verge Fund's commitment to investing in innovative solutions across various sectors, particularly those that leverage local resources and expertise.
Bill Bice: General Partner with extensive experience in the technology sector and a background in entrepreneurship.
Larry Lujan: General Partner known for his work in supporting local startups and fostering innovation in New Mexico.
Ron J. McPhee: General Partner and founder of HealthFirst, bringing valuable insights from the health management software industry.
Thomas J. Stephenson: Managing General Partner and founder of Pajarito Powder, with expertise in the fuel cell industry.
Chris Gregory: Director of Finance, responsible for overseeing financial operations and investment strategies.
David Franklin: Entrepreneur in Residence, providing mentorship and guidance to portfolio companies.
Erin Barrio: Communications Manager, handling public relations and outreach efforts.
Paul Short: Venture Partner with a focus on identifying new investment opportunities.
To pitch to Verge Fund, founders should send their proposals via email to info@vergefund.com. It is important to include a comprehensive pitch deck that outlines the business model, market analysis, and financial projections. A prompt response is typically expected, but timelines may vary based on the volume of inquiries.
As of October 2023, Verge Fund continues to support local startups in New Mexico, with a focus on expanding its portfolio in the healthcare and technology sectors. 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 primarily invests in early-stage companies located in New Mexico, focusing on sectors such as healthcare, biotech, SaaS, and consumer technology. They target pre-seed, seed, and seed-plus stages, looking for startups that can leverage local research capabilities.
How can I apply or pitch to Verge Fund?
Founders can pitch to Verge Fund by sending an email to info@vergefund.com. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes Verge Fund different from other investors?
Verge Fund differentiates itself by its strong focus on the New Mexico region and its commitment to leveraging local research and development resources. The team has extensive experience in the local entrepreneurial landscape, which enhances their ability to support startups effectively.
What is the geographic scope of Verge Fund's investments?
Verge Fund primarily invests in companies based in New Mexico, emphasizing the importance of supporting local entrepreneurs and fostering regional economic growth.
What kind of post-investment involvement does Verge Fund have?
Verge Fund actively engages with its portfolio companies, providing mentorship and resources to help them grow. The firm often takes board positions to ensure they can offer strategic guidance.
What is the typical check size for investments?
While specific check sizes are not disclosed, Verge Fund focuses on early-stage investments, which typically range from pre-seed to seed-plus funding.
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