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Venture Capital Deal Activity Cools in Early 2011

ALBUQUERQUE, NM; Jun. 8, 2011 – The New Mexico Venture Capital Association (NMVCA) released the results of its quarterly survey of venture capital and private equity financing in New Mexico and associated year-end statistics, announcing that $5.6 million was invested into 7 New Mexico companies during the quarter.

“The number of transactions and dollars invested in Q1 2011 look very similar to those for the fourth quarter of 2010,” said Gavin Christensen, NMVCA Board Member and Principal of vSpring. “This suggests that after working through some pent-up demand in Q2 and Q3 of last year, we may be settling into a more stable level of investment activity.”

  Q1 2011
  Transactions Dollars ($M)
Seed 2 $0.5
Series A 1 $1.0
Series B 4 $4.1
Series C+ 0 $0.0
Sub-Debt 0 $0.0
Totals 7 $5.6

Investments in Q1 of 2011 included activity as shown in the table at right.

“Having 4 Series B, or later round, transactions for a total of only $4M is of particular note,” said Mike Doolittle, NMVCA Board Member and Managing Director of New Mexico Mezzanine Partners. “We are seeing the trend of smaller financing rounds continue. In this new environment, companies still need to ‘do more with less’ in terms of their equity and debt capital.”

The survey is conducted by the NMVCA among its members and other investing entities within New Mexico. Survey results are collected and aggregated by the law firm of Brownstein Hyatt Farber Schreck, LLP on behalf of the NMVCA and individual survey results remain strictly confidential.


The New Mexico Venture Capital Association (NMVCA) was formed in 2004 to bring investment professionals together for the betterment of the state's private equity and venture capital community. The NMVCA facilitates intra-industry communication, provides a unified public voice, sponsors and promotes public policy initiatives, gathers statistics on New Mexico venture capital investments and educates potential institutional limited partners. Membership is open to professionally-managed private equity or venture capital firms with cumulative assets under management of at least $2.5 million and which have a demonstrated interest in investments in New Mexico. Current NMVCA members include: Cottonwood Technology Fund, Epic Ventures, Flywheel Ventures, Fort Washington Capital Partners, Mesa Capital Partners, New Mexico Community Capital, New Mexico Mezzanine Partners, Phase One Ventures, Sun Mountain Capital, Verge Fund, Village Ventures, and vSpring Capital.

For additional information please contact Tom Stephenson, NMVCA Surveys Chairman at (505) 247- 1038 or at