NM · West
Albuquerque venture capital & startups
Albuquerque deep tech — Roadrunner, NM Angels, Cottonwood, mPower, BayoTech, Mantis Space, and Osazda Energy.
National-lab spillover (Sandia/LANL) into space solar (mPower), hydrogen hardware (BayoTech), orbital power (Mantis Space), and PV materials (Osazda). Company creation via Roadrunner Venture Studios ($25M quantum hub), angel checks via NM Angels, and deep-tech seed from Cottonwood Technology Fund (Santa Fe, NM-wide mandate).
Aliases: albuquerque, new mexico, santa fe. Cottonwood is Santa Fe HQ but backs ABQ portfolio companies. Santa Fe angels may appear via NM Angels network.
Venture firms in Albuquerque
Matched from fund headquarters in our directory (alias-based). Dual-HQ firms may appear in more than one city.
| Firm | HQ (directory) | Leads |
|---|---|---|
| Roadrunner Venture Studios | Albuquerque, NM | Pre-Seed, Seed |
| New Mexico Angels | Albuquerque, NM | Pre-Seed, Seed |
| Cottonwood Technology Fund | Santa Fe, NM | Pre-Seed, Seed |
| Lux Capital | 888 7th Ave, New York, NY 10106 | Seed, Series A |
| Founders Fund | New York, NY | Series A, Series B+ |
| Energy Impact Partners | New York, NY | Series A, Series B+ |
Startups we cover in Albuquerque
Matched from startup hq fields. Many profiles still lack HQ — curated lists
in editorial notes fill gaps when verified.
| Startup | One-liner | HQ |
|---|---|---|
| mPower Technology | Ultralight flexible DragonSCALES solar modules for satellites and space power. | Albuquerque, NM |
| Osazda Energy | Metal wrap-through and advanced interconnect technology to make solar cells more durable and crack-tolerant. | Albuquerque, NM |
| BayoTech | Albuquerque modular on-site hydrogen production — Sandia-licensed steam methane reforming scaled via local hydrogen hubs. | Albuquerque, NM |
| Mantis Space | Albuquerque HQ space infrastructure startup building an orbital power grid for satellites, habitats, and lunar operations. | Albuquerque, NM |
Coverage gaps
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Photon Queue
Illinois quantum-memory spinout expanding ABQ ops via Roadrunner/state grants — not ABQ-founded; track before full /startup/ profile
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Quantinuum ABQ R&D facility
Colorado HQ company renovating Albuquerque R&D building — adjacency, not ABQ HQ startup
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Additional Roadrunner quantum hub spinouts
Campus still forming — names will graduate from gap list as profiles ship
Related reading
Albuquerque FAQs
Practical answers for founders researching this investor.