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Technology & Energy
Epic Ventures, formerly Wasatch Venture Fund focuses on all sectors of technology in early stage development. Their new name reflects the organization’s evolution from a local Utah firm to a growing regional and national fund. Initial investment amount varies.

Flywheel Ventures focuses on information technology, physical sciences and clean technology in seed and early stage ventures. They target innovations arising out of the region’s research universities, R&D organizations, and national laboratories. Flywheel also manages the New Mexico Gap Fund. Initial investment amount ranges from $100,000 to $1 million. 

ITU Ventures focuses on technology ventures in early stage or seed stage. They target businesses emerging from the leading universities, research institutions and corporations. Initial investment amount varies. 

The Altira Group focuses on energy technology in early or expansion stages, although they will evaluate previously funded and later stage opportunities on a selective basis. Initial investment amount ranges from $1 million to $10 million. 

Verge focuses on technology in New Mexico, preferring seed stage ventures. Initial investment amount ranges from $100,000 to $750,000. 

vSpring Capital focuses on technology – biotechnology, life sciences and information management – in seed, start-up or early stage, although they will invest in later stage companies under special circumstances. Initial investment amount ranges from $2 million to $3 million, although investments can be as small as $250,000 or as much as $5 million.


Contact Information
Carlsbad Department of Development
400-2 Cascades Ave. Suite 201
• Carlsbad, NM 88220
Ph: (575) 887-6562 • Fax: (575) 885-0818
City of CarlsbadEddy CountyNMEDDChamber of Commerce