New Mexico Vintage Fund
Respect Wellness Gets Venture Capital from New New Mexico Vintage Fund
Santa Fe New Mexican, By Teya Vitu. Published July 18, 2022.
"Santa Fe-based Respect Wellness was among the first four early-stage companies to receive funding from the new New Mexico Vintage Fund 2022 venture capital fund that is a partner of the New Mexico Angels.
The vintage fund starts with about $2 million from dozens of New Mexico investors, mostly members of the New Mexico Angels, a loose network of 130 angel investors, defined as individuals typically investing in early-stage companies.
The fund expects to invest an average of $150,000 each in about 10 to 14 New Mexico companies, said Drew Tulchi, president of New Mexico Angels and managing partner of the New Mexico Vintage Fund.
Tulchin expects to launch a new fund each year with different sets of investors. The "vintage" derives from the vintage or year of a wine, or in this case, the year of the investment fund.
"The fund is a really strong step forward [for the New Mexico Angels] to have more investors investing in New Mexico companies," Tulchin said."
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