New Mexico Angels
New Mexico Angels is a 501(c)(6) nonprofit angel-investor membership organization founded in 1999, connecting SEC-accredited investors with New Mexico-based early-stage companies via vetted deal flow, due diligence, and mentorship. The organization has deployed over $40M into 75+ portfolio companies and serves entrepreneurs, investors, and corporate sponsors across the Southwest.
- Company typePrivate
- Founded1999
- HeadquartersSanta Fe, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What New Mexico Angels does
New Mexico Angels (NMA) is a 501(c)(6) nonprofit membership organization founded in 1999 that operates as an intermediary between accredited angel investors and New Mexico-based early-stage and seed-stage companies. The organization does not invest directly; rather, its accredited investor members deploy capital through the NMA vehicle after deals are sourced, screened, and diligence-supported by the organization. Since founding, NMA reports more than $40 million invested across 75+ portfolio companies, and under Drew Tulchin's presidency (October 2020 – June 2026) it grew fourfold in membership, sponsorship, and participation, catalyzing approximately $5 million per year into local startups. Deal flow is sourced via the Gust platform, referrals, and a dense network of ecosystem partnerships (NMSU Arrowhead Center, UNM Rainforest Innovations, City of ABQ Economic Development, NM BioSciences, Los Alamos National Laboratory, NM Economic Development Department, and Tramway Ventures), with active deal evaluation coordinated through the Wild Apricot deal room.
The organization serves two primary customer segments: (1) SEC-accredited investors seeking vetted deal flow, co-investment opportunities, due diligence support, and access to the New Mexico Angel Investment Tax Credit (25% credit up to $62,500 per qualifying investment); and (2) New Mexico-based entrepreneurs and early-stage companies seeking capital, mentorship, and follow-on investor connections. Membership is offered across four priced tiers — Angel/Professional at $1,695/year, Associate at $995/year, Entrepreneur at $495/year, and Youth/Scholarship on application — with corporate sponsorships at Premier ($25,000), Title ($10,000), Prime ($5,500), and Summit ($3,000) tiers providing the majority of organizational funding alongside membership dues. Supporting programs include the New Angel Club 8-week investor education program, a mentorship program, regular workshops and events in Albuquerque and Santa Fe, and a "Business Confessionals" video series.
Strategically, NMA has expanded beyond New Mexico through the 2025 Texas Syndication Network (alongside CTAN, NTAN, BAN), released the NM Venture Capital Report 2024 in partnership with Worcester Polytechnic Institute, and transitioned leadership from Drew Tulchin to Yasine Armstrong in May 2026 alongside four new board appointments. Notable portfolio outcomes include Meow Wolf (Drew Tulchin served as first CFO; raised $125M+), RiskSense (acquired by Ivanti in 2021), and AIRO Group Holdings (IPO June 2025), alongside an active 2026 medtech pipeline (Healionics, Breezy Med, Flow Medical) and recent tax-credit-qualified deals (GridFlow, Terra Vera). The organization's competitive position rests on 25+ years of embedded ecosystem relationships, state-backed tax-credit leverage, and a network that becomes more valuable as participation scales.
New Mexico Angels firmographics
Firmographics- Name
- New Mexico Angels
- Legal name
- New Mexico Angels
- Website
- https://nmangels.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- New Mexico Angels is a 501(c)(6) nonprofit angel-investor membership organization founded in 1999, connecting SEC-accredited investors with New Mexico-based early-stage companies via vetted deal flow, due diligence, and mentorship. The organization has deployed over $40M into 75+ portfolio companies and serves entrepreneurs, investors, and corporate sponsors across the Southwest.
- Ownership category
- akta.pro rank
New Mexico Angels industry classification
Industry- Product category
- Angel Investing Network & Early-Stage Venture Capital Services
- NAICS
- Business Associations (813910)
- SIC
- Services-Membership Organizations (8600)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
Keywords
Where New Mexico Angels is headquartered
LocationHeadquarters
- HQ city
- Santa Fe
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
New Mexico Angels business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Membership Fees: Annual membership fees from accredited investors, professional members (service providers), associate members, and entrepreneur members. This is the primary recurring revenue stream for the organization.
- Sponsorships: Corporate sponsorships at multiple tiers (Premier $25,000, Title $10,000, Prime $5,500, Summit $3,000) provide the majority of organizational funding. Sponsors receive promotional benefits including logo placement, speaking opportunities, and member access.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Angel Membership for SEC-Accredited Investors |
| Subscription | Annual | Professional Membership for Service Providers |
| Subscription | Annual | Associate Membership |
| Subscription | Annual | Entrepreneur Membership |
| Subscription | Annual | Youth/Scholarship Membership |
| Subscription | Annual | Premier Sponsorship |
| Subscription | Annual | Title Sponsorship |
| Subscription | Annual | Prime Sponsorship |
| Subscription | Annual | Summit Sponsorship |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels10 records
New Mexico Angels product offering
Product offeringCore offering
New Mexico Angels operates as a membership-based intermediary for accredited angel investors, sourcing, screening, and conducting due diligence on New Mexico-based early-stage and seed companies. Members make direct investments through the NMA vehicle while the organization provides deal flow access, mentorship, education programs, and community events. The organization is structured as a 501(c)(6) not-for-profit funded by membership dues and corporate sponsorships.
Product overview
New Mexico Angels is an angel investor network organization, not a traditional technology product company. It operates as a 501(c)(6) not-for-profit membership organization that facilitates angel investment in New Mexico-based early-stage companies. The organization's offerings center around membership programs providing access to deal flow through the Gust platform and Wild Apricot deal rooms, educational programs including the New Angel Club 8-week workshop series, and a mentorship program connecting founders with experienced investors and advisors.
Differentiator
Problem solved
Functional benefit
Products and services
- Angel Membership Annual membership tier at $1,695/year for SEC-accredited investors (with or without prior investing experience) that applies to a household. Includes access to the investment platform, Deals in Play, due diligence results, mentorship program, Angel Capital Association access, and Rocky Mountain Venture Club discounts.
- Professional Membership Annual membership tier at $1,695/year for service providers including lawyers, banks, venture firms, and marketers. Allows two members of the corporation to attend meetings and includes affinity networking groups.
- Associate Membership Annual membership tier at $995/year for start-up companies, future investors, and anyone looking to learn about angel investing. Provides entry into the investment community.
- Entrepreneur Membership Annual membership tier at $495/year for entrepreneurs and early professionals. Open to non-accredited investors. Includes access to NMA networking events; investment in deals is not permitted at this level.
- New Angel Club An 8-week hands-on educational program for new, aspiring, and seasoned investors to learn and practice angel investing, held every Spring with both virtual and in-person sessions. Free introductory sessions followed by paid cohort for practical training and potential co-investment.
- Mentorship Program Program connecting founders with experts in business strategy, fundraising, marketing and more, available to NM Angels members, portfolio companies, and invited partners.
- Corporate Sponsorship Program Tiered corporate sponsorship program providing the majority of organizational funding, including Premier ($25,000), Title ($10,000), Prime ($5,500), and Summit ($3,000) tiers. Sponsors receive logo placement, speaking opportunities, member access, and cross-promotional benefits.
Quantifiable outcome
- $40M+ invested since 1999
- +4 more outcomes
Companies that use New Mexico Angels
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
New Mexico Angels technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
New Mexico Angels partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered minor and core.
- Worcester Polytechnic Institute (WPI)minorPartnership for NM Venture Capital Report 2024 research. WPI students travel to Santa Fe annually to engage with local organizations on regional problems.
- Texas Syndication Network (TSN)minorNetwork launched in 2025 bringing together 11 angel networks across Texas. New Mexico Angels participates as one of four founding angel groups (with CTAN, NTAN, BAN). Collective investment of $14M+ in early-stage companies in 2025.
- UNM Rainforest InnovationscoreTechnology-transfer organization for University of New Mexico. Board member Arlene Young serves as Director of Commercialization. Strong pipeline of university-born startups for potential investment.
- New Mexico State University Arrowhead CentercoreMajor entrepreneurship hub at NMSU. Carlos Murguia serves as Director of Foster Innovation Exchange. Partnership for startup sourcing, prototyping services, and regional entrepreneurship support in Paso del Norte Region.
- City of Albuquerque Economic DevelopmentcoreStrategic partnership for hosting and cross-promoting educational events for entrepreneurs. Economic development collaboration to strengthen ABQ startup ecosystem.
- NM BioSciencesminorPartnership for hosting and cross-promoting educational events, particularly for bioscience and healthcare startups.
- BioScience CenterminorHost venue for New Angel Club in-person sessions in Albuquerque. BioScience Center provides space and supports entrepreneur ecosystem.
- Los Alamos National LaboratoryminorConnection through board members David Cremer (former LANL Deputy Director) and others. Source of technology transfer and startup opportunities from national lab research.
- Angel Capital Association (ACA)minorNational association of angel groups. NM Angels members receive access to ACA events, library, and resources. Participated in ACA Angel Funders Report 2025.
- Rockies Venture Club (RVC)minorColorado-based angel organization. NM Angels members receive discounted access to RVC trainings and deals for additional deal flow.
- GustcorePlatform used for collecting and managing investment applications. Enables standardized application process and deal comparison across hundreds of annual applications.
- Wild ApricotcoreMembership management software used for Deals in Play tracking, deal room access, and member communications.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
New Mexico Angels competitors and assessment
Company assessmentDirect peers
- Rockies Venture Club: Colorado-based angel network and NMA's stated partner (NMA members get discounted RVC training and deal access). Operates a similar membership model focused on regional early-stage investing, with comparable deal-flow and education programs.
- Central Texas Angel Network (CTAN): A founding member of the Texas Syndication Network alongside NMA, with a similar accredited-investor membership model and early-stage focus. CTAN is a direct co-investor and operational peer in the TSN syndicate structure.
- North Texas Angel Network (NTAN): Another TSN co-founding angel group with a comparable accredited-investor model, regional deal focus, and syndication structure. Direct operational peer in NMA's deal syndication efforts.
- Band of Angels (BAN): Founding member of TSN with NMA, NTAN, and CTAN. A Silicon Valley-rooted angel group with a similar syndicated angel investing model and member-driven deal screening process.
- Golden Seeds: National angel network with a regional-chapter model similar in structure to NMA's community-based approach. Focuses on accredited investors funding early-stage companies, with comparable education and member engagement programs.
- Alliance of Angels: Pacific Northwest-based angel network with a comparable accredited-investor membership model, monthly screening meetings, and education programs for new angel investors. Direct competitor for member attention in the broader Western U.S. angel ecosystem.
- Sand Hill Angels: Silicon Valley-based angel group with a similar syndicated investing model and member-driven deal screening. Comparable in structure though operating in a much denser startup ecosystem than NMA.
- CommonAngels: Boston-based angel network with a comparable accredited-investor membership model and syndicated early-stage deal focus. Operates similar education, mentorship, and community programming for its members.
Broad incumbents
- Keiretsu Forum: One of the largest global angel networks with multiple regional chapters. Operates a similar accredited-investor membership and syndicated deal model but at much greater scale and geographic reach than NMA.
- Tech Coast Angels: One of the largest and most active U.S. angel networks with a regional-chapter model. Shares the accredited-investor membership and syndicated deal-flow approach with NMA, but at significantly greater scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
New Mexico Angels social profiles
Digital presenceNew Mexico Angels financial estimates
Financial estimateRevenue estimate
Valuation estimate
New Mexico Angels leadership team
Management profileNumber of profiles
Profiles10 records
New Mexico Angels funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New Mexico Angels M&A and investment
M&A and investmentM&A
Investments38 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about New Mexico Angels
What does New Mexico Angels do?
New Mexico Angels operates as a membership-based intermediary for accredited angel investors, sourcing, screening, and conducting due diligence on New Mexico-based early-stage and seed companies. Members make direct investments through the NMA vehicle while the organization provides deal flow access, mentorship, education programs, and community events. The organization is structured as a 501(c)(6) not-for-profit funded by membership dues and corporate sponsorships.
Is New Mexico Angels a public or private company?
New Mexico Angels is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was New Mexico Angels founded?
New Mexico Angels was founded in 1999. It employs 1 to 10 people.
Where is New Mexico Angels based?
New Mexico Angels is headquartered in Santa Fe, United States, in the North America region.
How does New Mexico Angels make money?
Two revenue lines are on record. Membership Fees are the primary driver. The others are sponsorships.
Who are New Mexico Angels's main competitors?
Direct peers on record are Rockies Venture Club, Central Texas Angel Network (CTAN), North Texas Angel Network (NTAN), Band of Angels (BAN), Golden Seeds, Alliance of Angels, Sand Hill Angels and CommonAngels. Broad incumbents are Keiretsu Forum and Tech Coast Angels.
Does New Mexico Angels have an API?
No public API is recorded for New Mexico Angels.
What industry is New Mexico Angels in?
New Mexico Angels's product category is Angel Investing Network & Early-Stage Venture Capital Services. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 813910 and its SIC code is 8600.