Success Stories – Equity Program

Through its partnerships, the NMSBIC has provided equity investment to these companies that have been featured in the press.

Shale-gas Water Provides New Business for Altela»
October 7, 2011 by New Mexico Business Weekly

“Altela Inc. is gearing up for a wave of demand for water-cleansing services in the northeastern U.S.’ shale-gas Marcellus Basin.”
Altela received venture capital from Verge.

Wellkeeper Hits Billion Mark on Oil, Gas Readings»
August 26, 2011 by New Mexico Business Weekly

“Wellkeeper Inc., a remote data monitoring company for oil and gas operators, said it performed its billionth customer reading Aug. 22.”
Wellkeeper has received investment funding from Verge.

BoomTime is Booming»
May 6, 2011 by Kevin Robinson-Avila, New Mexico Business Weekly

Albuquerque-based BoomTime manages web-based promotions and provides software. “The company has 4,000 clients nationwide, up from 2,000 in 2007.”
BoomTime has received investment funding from Verge.

Aspen Avionics, Honeywell Partner»
April 29, 2011 by Kevin Robinson-Avila, New Mexico Business Weekly

“Aspen Avionics and Honeywell International have signed an agreement to jointly develop and sell a new GPS navigation system for general aviation aircraft. Honeywell will pay Aspen $5 million to build and certify the system, said Aspen President and CEO John Uczekaj.”
Aspen Avionics has received investment from New Mexico Community Capital.

Solid Strides Replace Baby Steps at Recession-Born Startups»
April 22, 2011 by Kevin Robinson-Avila, New Mexico Business Weekly

“Bruce Fryer, CEO of the New Mexico-based startup ProtoHIT Inc., said a recession is the best time to start a company.”
ProtoHIT and Lotus Leaf Coatings (both mentioned in this article) received investment funding from New Mexico Community Capital and Flywheel Ventures, respectively.

TruTouch Detects New Funding Partners»
February 25, 2011 by Kevin Robinson-Avila, New Mexico Business Weekly

“Stemming alcohol abuse might be just a finger touch away. TruTouch Technologies is selling its second-generation device, which uses a flash of light to detect alcohol in individuals.”
TruTouch has received investment from Verge Fund

Vibrant Corp. Shakes Out More Business»
September 3, 2010 by Kevin Robinson-Avila, New Mexico Business Weekly

“Vibrant Corp. netted some major boosts this summer from the Federal Aviation Administration and the U.S. Department of Defense. The venture-backed company based in Albuquerque conducts non-destructive testing of aerospace components.”
Vibrant has received investment from Verge Fund.

Noribachi Launches Low-Cost LED Bulbs for Commercial Use»
August 27, 2010 by Kevin Robinson-Avila, New Mexico Business Weekly

“The Noribachi Group LLC in Albuquerque is breaking new ground again—this time with a line of light-emitting diode (LED) bulbs for commercial and industrial businesses. The bulbs could substantially lower the cost of LED installations, because they’re made to fit 95 percent of the traditional, incandescent fixtures on the market.”
Noribachi has received investment from Verge Fund.

MIOX Named one of Top 50 Water Companies»
June 9, 2010, New Mexico Business Weekly

“The Artemis Project has chosen Albuquerque-based MIOX Corp. as a winner in the 2010 Top 50 Water Companies competition. MIOX, which offers a low-cost method for purifying water, was selected by a panel of industry experts based on four criteria: technology, intellectual property and know-how, team, and market potential, said Artemis Project Principal Laura Shenkar in a news release.”
Albuquerque-based MIOX has received investments from Flywheel and New Mexico Community Capital. The company employs about 65 people.

Biomedical Startups Bring Money, Jobs»
April 26, 2010 by Kevin Robinson-Avila, New Mexico Business Weekly

“New Mexico has experienced a boom in biomedical technology in recent years. About 170 biotech companies operate in the state, employing nearly 6,500 people, according to a 2008 study by the Battelle Institute.”
Verge and New Mexico Community Capital-funded Intellicyt is mentioned in the article.

ProtoHIT Lands Investments, Industry Partners»
April 23, 2010 by Kevin Robinson-Avila, New Mexico Business Weekly

“New Mexico Community Capital committed $250,000 to the Albuquerque startup to help it fully develop and beta test medical software that it licensed from the University of New Mexico last year. The software could substantially lower operating costs at workers’ compensation clinics, while simultaneously improving care for patients.”

Txteagle Takes Outsourcing to Cell Phones»
April 16, 2010 by Kevin Robinson-Avila, New Mexico Business Weekly

“Nathan Eagle, co-founder and CEO of Santa Fe startup Txteagle, had a “Eureka moment” in Kenya’s coastal village of Kilifi.”
Flywheel Ventures-funded txteagle is a service that enables mobile phone subscribers to earn money and accumulate savings by completing simple micro-tasks for large corporate clients.

Altela Cleans Up in Pennsylvania»
February 12, 2010 by Kevin Robinson-Avila, New Mexico Business Weekly

“Altela Inc. might have found its calling in the new shale-gas boom that’s gripping North America. The Albuquerque company, which uses proprietary technology to purify industrial water, won a $2 million contract with a Pennsylvania firm to build a water-purification plant to service shale-gas operations in the northeastern Marcellus Basin.”
Altela has received investment from Verge Fund.