Denver · Pre-Seed–Growth · 12 people tracked
Investment thesis
Cottonwood Technology Fund backs IP-driven, patent-based hard science and deep tech startups it believes can disrupt large markets and become global industry leaders. It focuses on key enabling technologies including photonics/optics, quantum, micro- and nanoelectronics, advanced materials, nanotechnology, sensor technology, health sciences, climatetech/energy transition, and advanced manufacturing and robotics. The fund invests at early stage (average $1-3M) and growth stage (average $5-25M in B/C rounds), supporting companies from research stage to unicorn status. It deliberately avoids consumer products, software, AI, platforms, apps, crypto, and pharma/drug development. Beyond capital, Cottonwood offers hands-on business development support, experienced management, corporate connections, customer relationships, and a strong network of labs, universities, medical centers and research institutes.
Source: firm website, verified Aug 17, 2026.
Team · 12 people
from the firm's website & public directories
What they invest in
from 34 of 36 portfolio companiesDeep Tech ×15Hardware ×14Biotech ×9Medical Devices ×7Energy ×6Semiconductors ×6Cleantech ×5Defense Tech ×5
HQs:United States×18Netherlands×6Canada×1
Who they back
founder profiles across 12 portfolio companiesFounding team size:solo founder×102 founders×13 founders×1
Investments · 36 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 32024 · 42023 · 12022 · 12021 · 12020 · 12018 · 12017 · 12015 · 116 dated
Exagen develops diagnostic and monitoring tests for autoimmune diseases, including tools to distinguish connective tissue disease and assess lupus prognosis and progression.
BiotechDigital HealthHealthtechMedical DevicesVista, US
Thierry Dervieux(Executive Officer)Wendy Swedick(Executive Officer)Fortunato R. Rocca(Executive Officer, Director)Sam Riccitelli(Director)Curt LaBelle(Director)Michael Walsh(Director)
Co-investorsEPIC VENTURESH.I.G. CapitalH.I.G. HealthBridge PartnersSun Mountain CapitalTullis Health InvestorsTullis
Hornetechnologies develops superconducting hybrid confinement plasma devices for fusion energy generation.
Deep TechEnergyHardwareLongmont, US
Tanner Horne(Founder / CEO)Jayson Denney(Executive Officer)Gerrit Bruhaug(Director)
BoardAlex Cranberg(Director)Jim Thorson(Director)
Board seatDavid Blivin· per SEC Form D
Wildfire develops technology and solutions to help firefighters detect, control, and manage fires more effectively.
AgTechCleantechClimate TechDefense TechImpact & Social GoodBoulder, US
Steve Wolf(Founder & Inventor)inTim Krebs(Executive Officer)inAndrew Amalfitano(both officer and director)Brett Kingstone(Executive Officer, Director)in
BoardLogan Grizzel(Director)
Board seatDavid Blivin· per SEC Form D
Co-investorsDraper AssociatesTechstars
Zeteo Tech develops mass spectrometry and detection technologies for biomedical, defense, and security applications, including bioaerosol detection and breath analysis.
BiotechDeep TechDefense TechMedical DevicesSykesville, US
Charles J. Call(Executive Officer, Director)Wayne A. Bryden(Executive Officer, Director)Thomas P. McCreery(Director)R. David Edelman(Director)Wayne Bryden(President and CEO)Tom McCreery(VP, Innovation / Chief Innovation Officer)
Co-investorsAnzu Partners
BiotechAlbuquerque, US
Stephen Brueck(Executive Officer, Promoter)Emily Milsovic(Executive Officer, Director)Steven R.J. Brueck(Director)Scott L. Goldman(Executive Officer, Director, Promoter)Zachary Lerner(Executive Officer)
Board seatDavid BlivinDave Blivin· per SEC Form D
Co-investorsSun Mountain Capital8VCAlumni VenturesDurable Capital PartnersLockheed Martin VenturesMVP Ventures+2 more
AgTechAlbuquerque, US
Robert A. Jung II(Director)Milton Edward Vernon(Executive Officer)Justin Eisenach(Executive Officer, Director)James Scott Dyer(Executive Officer, Director)
BoardDavid Blivin(Director)inSally Corning(Director)
Board seatDave Blivin· per SEC Form D
Co-investorsSun Mountain CapitalCultivation Capital
EnergyAlbuquerque, US
Mauricio Vargas(Executive Officer, Director)Stewart Stewart(Executive Officer)Jefferson Michael Koonce(Executive Officer)Wendy Rollstin(Executive Officer)Mark Longstreth(Director)Viswanath Krishnamoorthy(Executive Officer)
Board seatDavid Blivin· per SEC Form D · $30M raise · filed Jul 2021
Online gambling platform offering slots, live-dealer table games, crash-style games, and sports betting to players in Azerbaijan.
BiotechAlbuquerque, US
Travis Woods(Executive Officer)Steven Graves(Executive Officer, Director, Promoter)R. Terry Dunlay(Director)James Freyer(Executive Officer)
BoardWaneta Tuttle(Director)inSally Corning(Director)
Board seatDave Blivin· per SEC Form D
Co-investorsTramway Venture PartnersSun Mountain Capital
Boulder, US
Matthew Cutter(Executive Officer, Director, Promoter)Steve Savage(Director, Promoter)
Board seatDavid C Blivin· per SEC Form D · $750K raise · filed Mar 2026
Bioflyte provides chemical and biological threat detection solutions for critical infrastructure and business operations, enabling organizations to monitor, identify and respond to bio/chem threats.
BiotechDeep TechDefense TechHardwareAlbuquerque, US
Hunter Brown(Chief Executive Officer)Wayne Bryden(Chief Science Officer)Todd Sickles(Executive Officer, Director)John Bolton(Director)
BoardBradley Harrison(Director)in
Board seatDavid Blivin· per SEC Form D
Co-investorsAnzu PartnersScout VenturesScout Ventures
Circular Genomics develops a proprietary platform using circular RNA biomarkers to enable early detection and understanding of neurological diseases through blood tests.
AI & Machine LearningBiotechDigital HealthMedical DevicesAlbuquerque, US
Alexander Hafez(Executive Officer, Director, Promoter)inNikolaos Mellios(Director, Promoter)
Board seatDavid Blivin· per SEC Form D
Co-investorsMountain Group CapitalTramway Venture Partners
EMPEL develops a PFAS-free water-repellent coating technology that bonds directly to fiber materials for durable, long-lasting performance without wastewater generation.
CleantechNew MaterialsRio Rancho, US
Gary S. Selwyn(Executive Officer, Director)Thomas Lopez(Executive Officer, Director)Martin Flora(Executive Officer, Director)Zachariah Jonasson(Director)Ryan Chen(Director)
Board seatDavid Blivin· per SEC Form D
Co-investorsPangaea Ventures Us Inc.Dangerous VenturesPanamerican VC InvestmentsPangaea VenturesPhoenix Venture PartnersSun Mountain Capital
Infinitum Electric develops high-efficiency electric motors optimized for data center cooling systems, delivering superior energy performance compared to conventional motors.
CleantechEnergyHardwareRound Rock, US
Bernhard Schuler(Executive Officer, Director)Bob Brown(Executive Officer)Rick Tewell(Executive Officer)Bernard Schuler(Executive Officer, Director, Promoter)
BoardBenoit Grobon(Director)Jaime Aguirre(Director)
Board seatDavid Blivin· per SEC Form D
Co-investorsMarunouchi Innovation PartnersChevron Technology Ventures
mPower Technology develops advanced power systems and solar technologies for spacecraft and space applications.
Advanced ManufacturingEnergyHardwareSpace TechAlbuquerque, US
Dr. Murat Okandan(CTO & Founder)inKevin Hell(Executive Officer, Director)inKaveh Rouhani(Executive Officer)in
BoardMark Spoto(Director)inLee Rand(Director)
Board seatDavid Blivin· per SEC Form D
Co-investorsRazor's Edge VenturesShield CapitalSun Mountain CapitalEdgeLockheed Martin Ventures
Advanced ManufacturingAlbuquerque, US
Gabriela Contreras(Executive Officer, Director)Nathan Wasankari(Executive Officer, Director)
BoardDavid Blivin(Director)inMichael Barnes(Director)
Board seatDave Blivin· per SEC Form D · $1.3M raise · filed Feb 2015
XF Technologies develops a platform of non-toxic, renewable chemicals called furaotes ("408s") made from biomass-derived sugars and alcohols using N-Heterocyclic Carbene (NHC) catalysis.
BiotechCircular EconomyCleantechClimate TechDeep TechEnergyNew MaterialsAlbuquerque, US
Aviad Cahana(CEO & Co-founder)LEONARD RAND(Executive Officer, Director)WILLIAM RADANY(Director)SALLY CORNING(Director)JACOB BERMAN(Director)DAVID BLIVIN(Director)
Board seatDavid Blivin· per SEC Form D
Co-investorsSun Mountain Capital
Daisy is a full-service property management company for condos, co-ops, and HOAs, combining on-site management teams with a unified operating system for building operations, finances, maintenance, and compliance projects like FISP and Local Law 97.
PropTechSaaS
Co-investorsFinTech CollectiveEv3 Ventures LlcFramework Venture PartnersSonae IMTramway Venture PartnersVOLT CAPITAL
Flexiramics develops flexible ceramic materials that combine ceramic performance with polymer flexibility for high-frequency electronics, energy storage, filtration, and sensors.
Deep TechNew MaterialsSemiconductors
inPhocal develops laser marking systems for marking products, particularly in food and beverage manufacturing.
Advanced ManufacturingDeep TechHardwareEindhoven, NL
Robert van Tankeren(CEO)
Co-investorsBOMDeepTechXLHighTechXL
Keiron Technologies develops LiFT, a digital solder paste printing technology for electronics assembly that eliminates traditional stencil and jet printing, enabling high-precision contactless deposition for electronics manufacturers.
Advanced ManufacturingDeep TechHardware
Paul Rooimans(CEO)John Willems(COO)Richard van Lieshout(CTO)
Co-investorsDeepTechXLFORWARD.oneInvest-NL
Keiron Interactive designs and develops immersive products and services using virtual, augmented and mixed reality along with gamification, handling projects from ideation and concept to development and business modeling.
GamingHealthtechWellness & Fitness
Co-investorsLVenture GroupDeepTechXLInvest-NL
LatticeX (formerly ACME Advanced Materials) develops microsystem devices and microfabrication processes for medical, industrial, defense, and aerospace applications.
Deep TechDefense TechMedical DevicesSemiconductors
Rich Glover(Co-founder)Tyler CraigTodd Christenson(Chairman-Emeritus and CTO)
BoardDavid Blivinin
Lumentum designs and manufactures photonic and optical components for hyperscale data centers, optical networking (metro, long haul, submarine), industrial lasers, and sensing VCSELs.
Deep TechHardwareSemiconductors
OPNT develops network-based timing solutions that provide GPS-independent synchronization for telecom and other critical infrastructure using fiber optic networks and White Rabbit protocol technology.
Deep TechEnterprise SoftwareDelft, NL
OrangeQS provides automated testing and characterization equipment and software for quantum chips with several to hundreds of qubits.
Deep TechHardwareQuantum Computing
Co-investorsQDNL ParticipationsEuropean Innovation Council Fund
Q*Bird develops quantum key distribution (QKD) devices and networks for secure data communication using quantum technology, serving commercial and industrial clients including financial institutions, telecommunications companies, and data centers.
CybersecurityEnterprise SoftwareHardwareQuantum ComputingDelft, NL
Ingrid Romijn(CEO)inRemon Berrevoets(CTIO)inJoshua Slater(CTO)in
Co-investorsQDNL Participations
Respira develops inhaled therapeutic products for pulmonary diseases, including a novel dry-powder inhalation device and lead product candidate RT234 for pulmonary arterial hypertension.
BiotechDigital HealthHealthtechMedical Devices
John Kollins(Chief Executive Officer)
Co-investorsSamsara BioCapital
Reyedar develops an AI-powered eye tracking system that detects biomarkers of neurological and visual health conditions such as glaucoma and Parkinson's disease through automated oculomotor testing.
AI & Machine LearningHealthtechMedical Devices
Camiel van Vught(Founder)in
Co-investorsNV NOM
Palladyne AI develops embodied artificial intelligence and autonomous systems for aerospace, defense, and industrial applications, with a focus on real-world operations in complex and contested environments.
AI & Machine LearningDefense TechRoboticsUnited States, US
BENJAMIN G. WOLFF(Executive Officer, Director, Promoter)PRESTON WOO(Executive Officer)JULIE WOLFF(Executive Officer, Director)MARC OLIVIER(Executive Officer, Director, Promoter)FRASER SMITH(Executive Officer, Director, Promoter)
BoardRALPH TAYLOR-SMITH(Director)
Co-investorsManta Ray VenturesRaptor GroupRiverfront Ventures, LLC
Skorpios Technologies manufactures photonic integrated circuits and provides foundry services for silicon photonics.
Deep TechHardwareSemiconductors
Mr. Krasulick(Co-Founder, CEO & Chairman of the Board)Ms. Albrecht(Co-Founder, Vice President Operations)
Co-investorsSun Mountain Capital
SmartNanotubes Technologies develops digital smell recognition technology that enables customers to create smell and gas detection applications.
Deep TechHardwareIoTNew MaterialsSemiconductors
Sound Energy converts waste heat into cooling using thermoacoustic technology, eliminating the need for traditional refrigerants and harmful chemicals.
CleantechDeep TechEnergyNot stated, NL
AERIUM Analytics develops drone-based solutions for wildlife management, infrastructure inspection, and operational services in complex, heavily regulated industries including airports and natural resource extraction sites.
AgTechHardwareIoTCalgary, CA
Lumentum designs and manufactures optical and photonic technologies for AI, data centers, telecommunications, industrial manufacturing, and sensing applications.
Deep TechHardwareSemiconductorsSan Jose, US
DAVID J ABELL(SECRETARY/TREASURER)KIRK OTIS(CHIEF EXECUTIVE OFFICER/PRESIDENT)
Co-investorsSun Mountain CapitalStage 1 Ventures
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 1
IPOs and acquisitions across the tracked portfolioExagenNASDAQ: XGN
Portfolio news
latest coverage across their companiesKeiron · n24.com.tr · Aug 1, 2026
Keiron · eu-startups.com · Jul 31, 2026
Exagen · gurufocus.com · Jun 25, 2026
Orange Quantum Systems · thequantuminsider.com · Apr 21, 2026
SoundEnergy · techyways.com · Apr 17, 2026
Q*Bird · thequantuminsider.com · Jan 12, 2026
Armonica Technologies · techstartups.com · Jan 6, 2026
Daisy · genomeweb.com · Dec 17, 2025
Frequently asked questions
- How many investments has Cottonwood Technology Fund made?
- Cottonwood Technology Fund has 30 tracked investments, including 4 dated in the last 24 months.
- What stage does Cottonwood Technology Fund invest at?
- Cottonwood Technology Fund invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
- What is Cottonwood Technology Fund's typical check size?
- Cottonwood Technology Fund typically writes checks of $1M – $25M.
- What sectors does Cottonwood Technology Fund focus on?
- Cottonwood Technology Fund focuses on Advanced Manufacturing, Cleantech, Climate Tech, Deep Tech, Energy, Hardware, Healthtech, Impact & Social Good, New Materials, Quantum Computing, Robotics, Semiconductors.
- Where is Cottonwood Technology Fund located?
- Cottonwood Technology Fund is headquartered in Denver, US.
- Does Cottonwood Technology Fund lead rounds?
- Yes, Cottonwood Technology Fund leads investment rounds.
- Who does Cottonwood Technology Fund co-invest with?
- Cottonwood Technology Fund most often shares deals with Sun Mountain Capital, DeepTechXL, NV NOM, among 25 tracked co-investors.
Media · Podcasts & interviews
from their channelTwente, the entrepreneurial high tech region
Cottonwood Technology Fund
Exagen Diagnostics featured on KUSI News
Cottonwood Technology Fund
BayoTech Overview
Cottonwood Technology Fund
Images
Co-investors · 2
DeepTechXL is a venture capital fund focused on deep-tech, run by a team of VC investors, technology experts and entrepreneurs who support startups from early stage through growth.
An early-stage venture capital firm that invests in pre-seed and seed companies focused on transforming quality of life through innovations in health, science, and technology.
Firms observed investing alongside Cottonwood Technology Fund, from public investor directories. Shared companies are the overlap with Cottonwood Technology Fund's recorded portfolio.
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