New Mexico
State · United States · Pop. 2.1M
Largest rounds
Largest funding rounds in New Mexico
A live treemap of the largest VC rounds. Each cell is one round into New Mexico-headquartered companies, grouped by Dealroom sector.
Largest rounds in New Mexico - 2026
Startup funnel
New Mexico's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* Conversion rates are derived from current counts.
VC investment
How much venture capital flows into New Mexico
VC investment into New Mexico-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Academia
New Mexico's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to New Mexico.
Location comparison
How New Mexico stacks up
Compare New Mexico with peers from the same country (United States) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top regions in United States ranked by combined EV. New Mexico's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | California | $21.5T | 7.7× | 1,101 | $177B | 36.6K |
| 2 | Western United States (Pacific, excl. Bay Area) | $4.6T | 4.8× | 317 | $28.2B | 16.4K |
| 3 | Northeastern United States | $3.4T | 4.6× | 652 | $54.3B | 30.9K |
| 4 | Washington (State) | $3T | 4.5× | 72 | $7.3B | 3,242 |
| 5 | Texas | $2.7T | 10.5× | 128 | $11.2B | 6,610 |
| 6 | New York State | $1.4T | 5.0× | 298 | $30.9B | 15.5K |
| 7 | Southeastern United States | $1.4T | 4.8× | 172 | $11.5B | 14.1K |
| 8 | Massachusetts | $1.2T | 4.4× | 210 | $13.2B | 6,078 |
| 9 | Florida | $781B | 9.6× | 61 | $3.7B | 4,750 |
| 10 | Midwestern United States | $666B | 3.6× | 114 | $9.4B | 10.7K |
| 11 | Western United States (Mountain) | $367B | 4.1× | 98 | $9.8B | 5,447 |
| 45 | New Mexico | $6.7B | 3.3× | 0 | $150M | 208 |
More data
Explore Dealroom data →Get the full New Mexico ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.