New Mexico venture investors put more money into fewer deals in 2011

New Mexico Business Weekly - Venture capitalists invested $60.3 million in 22 companies in New Mexico in 2011, according to the latest survey by the New Mexico Venture Capital Association. That represents a 10 percent increase from the $54.8 million investors pumped into local startups in 2010, and it’s nearly three times higher than the $22.2 million reported in 2009, when the recession virtually froze funding. But last year’s totals are still 50 percent less than in 2008, when venture capitalists committed $119.5 million to New Mexico companies. In addition, deal flow remains sluggish. Although 22 companies received investments last year, that was a 37 percent drop from 2010, and it’s still 24 percent lower than in 2008. Read More News New Mexico

New Mexico venture investors put more money into fewer deals in 2011