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Venture Capital

Cottonwood Technology Fund

Cottonwood Technology Fund backs early-stage and high-growth companies, typically pre-profit, from Albuquerque, New Mexico, USA (also Enschede, Netherlands). It states a focus on software & internet and materials & chemicals.

Capital raised$25macross 2 SEC-filed vehicles
Most recent fund2024filing since 2020
HeadquartersAlbuquerque, New Mexico, USA (also Enschede, Netherlands)
Stated fund size~$175M AUM; Fund IV targeting EUR 80-100M (EUR 25M first close)

Stated investment criteria

What Cottonwood Technology Fund says it buys

Read from Cottonwood Technology Fund’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Transaction typesGrowth1
OfficesDenver, Amsterdam1
People listed on its team page102

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Cottonwood Technology Fund to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Cottonwood Technology Fund has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed2
Total capital raised$25m
Largest single vehicle$20m
Filing history2020 to 2024
Smallest accepted commitmentNone stated
Filed fromNEW MEXICO

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Portfolio

Disclosed holdings

Companies Cottonwood Technology Fund lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
Applied Impact Robotics
BayoTech
BioFlyte
Brilliance RGB
Circular Genomics
Exagen
Horne Technologies
Keiron Technologies
Lumentum
MPowerTech
Mailchimp
OPNT
Q*Bird
QT Sense
Respira Therapeutics
Reyedar
Sarcos
Sencure
Smart Nanotubes
SoundEnergy
armonicatech.com
bennubio.com
fiberiotech.com
flexiramics.com
greenthemetech.com
inPhocal
infinitumelectric.com
orangeqs.com
skorpiosinc.com
teamwildfire.com
thedronebird.com
xftechnologies.com

Compiled from Cottonwood Technology Fund’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other venture capital investors active in software & internet.