UP.Abundance

UP.Abundance operates as a venture capital fund, part of UP.Partners, specializing in climate technology investments. It targets innovations across energy, transportation, land use, water, and the built environment. The fund's model provides capital to startups committing to a New Mexico business presence, leveraging state investment mandates to foster growth in crucial sectors.

Co-founded by Managing Partner Brian Adams and General Partner David Ellmann, the fund was established around 2021. Its inception recognized New Mexico's sovereign wealth fund channels capital through venture firms, stipulating investments in companies with state operations. This insight created a distinct pathway for qualifying startups to access investment in a less competitive landscape.

UP.Abundance primarily serves climate tech startups, offering capital and vital customer connections to utilities and major corporations. The fund’s vision is to accelerate impactful technology development by enabling founders to scale within New Mexico’s emerging clean energy ecosystem, addressing urgent global environmental challenges.