Organization · Venture Capital
UP.Abundance
UP.Abundance is a venture capital fund based in Albuquerque, New Mexico, focused on investing in climate tech and mobility startups that commit to establishing a presence in the state. It aims to leverage New Mexico's unique capital and infrastructure advantages to support innovative companies.
Overview
What UP.Abundance does
What UP.Abundance is
UP.Abundance is a venture capital fund based in Albuquerque, New Mexico, focused on investing in climate tech and mobility startups that commit to establishing a presence in the state. It aims to leverage New Mexico's unique capital and infrastructure advantages to support innovative companies.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2022
- Approximate age
- About 4 years
- Structured capabilities
- Funder
- Last reviewed
- April 26, 2026
Official channels
Find UP.Abundance elsewhere
Open the official website or a supported primary organization account.
Capability profile
UP.Abundance as a funder
Investment thesis
UP.Abundance aims to attract and accelerate climate, energy, and mobility companies by pairing direct capital with New Mexico's unique capital and infrastructure advantages. Startups that commit to building a presence in New Mexico can access capital from top-tier VC firms backed by the state's sovereign wealth fund.
Focus narrative
UP.Abundance invests in climate tech companies addressing challenges across various sectors, including energy, transportation, land use, water, and the built environment. Their focus areas include power generation (solar, wind, fission, fusion, and geothermal), electricity transmission, energy storage, autonomous vehicles, mining, defense tech, and decarbonizing oil and gas production.
Value beyond capital
UP.Abundance provides startups with access to capital, strategic connections, and support from New Mexico's infrastructure, utilities, and state officials. The fund emphasizes customer access and helps startups connect with renewable energy developers, Fortune 100 companies, and other NMSIC-backed VCs.
Terms and economics
- Typical check
- $1,000,000
Focus and fit
- Stages
- Friends and Family · Angel · Accelerator · Pre-seed · Seed · Seed+ · Series A · Series A+ · Series B · Series B+ · Series C · Series C+ · Series D · Series E · Series F · Growth Equity · Pre-IPO · Ipo · Secondary · Bridge · Recap
- Sectors
- Climate & SustainabilityEnergyMobility & TransportationHealthcareBiotech & Life SciencesConsumerDefence TechLogistics & Supply ChainFood & AgricultureWeb3 & Blockchain
- Regions
- United StatesNorth America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 6
Portfolio context
Notable portfolio companies include Pacific Fusion, a nuclear fusion company planning a $1B research and manufacturing campus in Albuquerque, and Space Kinetic, focused on space superiority and missile defense. UP.Abundance has backed six companies in its initial months, all of which are either building from New Mexico or evaluating expansion into the state.
Common questions
What to know about UP.Abundance
Upseed classifies UP.Abundance under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 26, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.