Santa Fe, New Mexico – A new venture fund is scouting for local health science startups to invest in, backed by $3 million from the state Catalyst Fund. BlueStone Venture Partners LLC, with offices in Tucson and Santa Fe, must match the state commitment with $3 million from private investors, making at least $6 million available for emerging early-stage companies based in New Mexico. This is the sixth state investment in local venture funds since last year, when the State Investment Council launched the $20 million Catalyst Fund to boost venture activity in New Mexico. To date, Santa Fe-based Sun Mountain Capital, which manages the Catalyst Fund, has approved about $13 million for venture funds that commit capital to local startups to prove their technologies and move to market… READ MORE
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