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Ingenuity Venture Fund
Ingenuity Venture Fund is an early-stage VC backed by CNM Ingenuity, investing in space tech and hard tech companies across New Mexico and the US...
Ingenuity Venture Fund
Ingenuity Venture Fund is a private limited partnership fund established in 2020 in Albuquerque, New Mexico. The fund invests in New Mexico-based startups across emerging industries, including life sciences, agriculture, media & entertainment, space, software, and Industry 4.0. Investments require a warm referral, committee approval, and due diligence.
General information
Firm type
Venture Capital
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Albuquerque
Corporate office
Albuquerque, NM, United States
Additional offices
Menlo Park, CA, United States
Principals
Amanda Giannini
Fund Manager
Ben Strozier
Associate Fund Manager
Kyle Lee
IC Chair, ABQ
Sector focus
Frequently asked questions
Who runs investment decisions at Ingenuity Venture Fund?
Investment decisions are led by fund manager Amanda Giannini, who previously served as CFO of Verge Fund and of Descartes Labs. The investment committee is chaired by Kyle Lee, CEO of CNM Ingenuity. The fund also draws on technical advisors including former AFRL and BlackSky executives.
Is Ingenuity Venture Fund structured as a single family office or a venture firm?
It is structured as a venture capital fund, not a family office. The fund is affiliated with CNM Ingenuity, a nonprofit organization tied to Central New Mexico Community College, and its capital is sourced from institutional and community-development investors.
Does Ingenuity Venture Fund participate in fund commitments or only direct deals?
The firm makes direct equity investments in early-stage companies. It does not publicly disclose fund-of-funds or secondaries activity, but given its small team and regional focus, it likely leads or co-invests in seed and Series A rounds.
What investment stages does Ingenuity Venture Fund typically target?
The fund focuses on early-stage companies, likely seed and Series A. Its portfolio includes pre-revenue and growth-stage startups across space tech, advanced manufacturing, and biotechnology.
Which sectors does Ingenuity Venture Fund focus on?
The fund targets space-enabling technology, advanced manufacturing, hard tech, and software. Its portfolio includes satellite launch systems (X-Bow), biotech (NTX Bio, Circular Genomics), construction robotics (Build with Robots), and gaming (Ganymede Games).
How is Ingenuity Venture Fund related to CNM Ingenuity?
Ingenuity Venture Fund is the venture capital arm of CNM Ingenuity, the nonprofit innovation and workforce development organization founded by Central New Mexico Community College. The fund's investment committee chair, Kyle Lee, is CNM Ingenuity's CEO, and the fund's mandate includes fostering economic development in New Mexico.
Where does the underlying wealth come from for Ingenuity Venture Fund?
The source of capital is not publicly disclosed. The fund appears to aggregate institutional, community-development, and possibly impact-oriented capital rather than deriving from a single family fortune.
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