New Mexico Vintage Fund investing in Santa Fe, Los Alamos startups

Jul. 15—The New Mexico Vintage Fund has fully deployed its second-round 2023 fund, investing in companies across New Mexico and in some headquartered in Santa Fe.

Since the fund's founding in 2022, it has raised nearly $4 million and invested in more than two dozen companies. The fund is gearing up for its third-round launch this month, raising additional money through the end of the calendar year, said Drew Tulchin, a general partner for the fund.

Tulchin, who is also the president of the New Mexico Angels, a group of local investors, declined to say how much money each startup received but said it was on average around $130,000.

Some local companies that received investment from the fund in round two include BabyQuip, Solstar Space and Los Alamos-based UbiQD, according to a news release.

"BabyQuip is thrilled that New Mexico Vintage Fund joined our most recent funding round," BabyQuip Founder and CEO Fran Maier said in a statement. "As a company headquartered in Santa Fe, we deeply appreciate the local support and are excited to grow and thrive with the backing of our community."