Santa Fe-based Respect Wellness was among the first four early-stage companies to receive funding from the new New Mexico Vintage Fund 2022 venture capital fund that is a partner of the New Mexico Angels.

The vintage fund starts with about $2 million from dozens of New Mexico investors, mostly members of the New Mexico Angels, a loose network of 130 angel investors, defined as individuals typically investing in early-stage companies.

The fund expects to invest an average of $150,000 each in about 10 to 14 New Mexico companies, said Drew Tulchin, president of New Mexico Angels and managing partner of the New Mexico Vintage Fund.

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