Albuquerque, NM Investment Fund & Startup Support
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New Mexico seed fund Verge announced its investment in TruTouch Technologies, Inc. as part of a $2.4 million financing round. The financing round, led by Verge ($750,000), included Flywheel Ventures ($750,000), Fort Washington Capital Partners ($750,000), and New Mexico Community Capital ($150,000). TruTouch brings the Verge portfolio of companies to 4 — all New Mexico technologies, all early stage.
Press Release (PDF)
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Verge announces its investment in Altela, Inc, a global provider of water desalination and remediation services to the oil, natural gas, and mineral extraction industries. Verge General Managing Partner Thomas Stephenson will join the Board of Directors of Altela as a result of the financing.
Press Release (PDF)
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Verge announces its investment in PatchWork Systems of Albuquerque. Founded by Donna S. Campbell, a long-time Sandia National Laboratory employee and Oracle Applications expert, PatchWork Systems Patch Administration Tool (PAT) reduces the risks and costs associated with maintaining Oracle Applications 11i. Verge partner Bill Bice will play an active role in PatchWork Systems management.
Press Release (PDF)
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Verge partner Tom Stephenson was an invited speaker at the Association of Commerce and Industry’s annual board retreat in Cloudcroft, New Mexico. Tom, an ACI Board Member since 2003, spoke to the group on “Finding Venture Capital and Supporting Entrepreneurs in New Mexico.” To view a copy of Tom’s slides, click here. The Association of Commerce and Industry (ACI) is the statewide, legislative advocate of business interests, and serves as the statewide chamber of commerce. To learn more about ACI,
Stephenson ACI Slides (PDF)
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Verge Partner Tom Stephenson presented as an invited speaker for the April, 2005 session of the Center for Commercialization and Entrepreneurial Training (CCET) seminar series in Albuquerque. Tom’s presentation, “Purpose and makeup of a business plan” provided an overview of business plans to the seminar participants. For a copy of Tom’s slides, click here. CCET is the education/training arm of Technology Ventures Corporation (TVC), in partnership with the National Nuclear Security Administration (NNSA). For more information about CCET, click here.