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Venture Capital Investment Increases in 2011

ALBUQUERQUE, NM; March 27, 2012 – The New Mexico Venture Capital Association (NMVCA) released the results of its quarterly surveys of venture capital and private equity financing in New Mexico and associated year-end statistics, announcing that over $60 million was invested into 22 New Mexico companies in 2011.

“The average transaction size per investment took a sharp turn upward in the second half of 2011,” said Michael Schafer, NMVCA Board Member and Managing Director of New Mexico Community Capital. “Clearly, we are seeing a number of companies whose growth and development have justified larger investment rounds; this is good news for these New Mexico companies and the overall environment.”

The investments in the second half of 2011 included:

  Q3 2011 Q4 2011 FY 2011
  Transactions Dollars ($M) Transactions Dollars ($M) Transactions Dollars ($M)
Seed 2 $0.7 1 $0.4 5 $1.6
Series A 0 $0.0 0 $0.0 3 $4.1
Series B 4 $31.2 2 $10.7 13 $52.5
Series C+ 0 $0.0 0 $0.0 1 $2.1
Sub-Debt 0 $0.0 0 $0.0 0 $0.0
Totals 6 $31.9 3 $11.1 22 $60.3

“The total dollars invested in 2011 rose about 10% over 2010, but in just over half the transactions,” said Sally Corning, NMVCA Board Member and Partner of Sun Mountain Capital. “Of particular note are the Series B financings, which grew on average by over 60%. This is a clear sign of the increasing maturity of companies securing later rounds of financing.”

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.

About NMVCA

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, 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 tstephenson@vergefund.com.