Leading Venture Funds Partner With Roadrunner Venture Studios and the New Mexico State Investment Council to Launch Coalition for Deep Tech Investment

Insider Brief

• Roadrunner Venture Studios and the New Mexico State Investment Council have launched the Roadrunner Venture Consortium to connect deep tech startups with leading U.S. venture capital firms and national labs.
• The consortium provides investors with early access to startups in advanced computing, AI, semiconductors, robotics, and materials science, leveraging innovations from Los Alamos and Sandia National Laboratories.
• Founding members include top-tier firms managing over $25 billion in assets, aiming to accelerate commercialization of capital-intensive technologies through structured collaboration and curated industry access.

PRESS RELEASE — Roadrunner Venture Studios (RRVS) and the New Mexico State Investment Council (NMSIC) today announced the launch of the Roadrunner Venture Consortium (RVC), a new membership initiative giving venture capital firms direct access to early-stage deep tech companies and scientists in New Mexico and across the country. Representing more than $25 billion in assets under management, founding RVC participants include Playground Global, Lux Capital, Khosla Ventures, Crosslink Capital, At One Venture, and America’s Frontier Fund (AFF).

The consortium will identify startups across technology areas such as advanced computing, semiconductors, robotics, new materials, and artificial intelligence. Members will gain access to a pipeline of early-stage technologies and leading research coming out of Los Alamos National Laboratory, Sandia National Laboratories, and other laboratories and research entities connected to these labs and the state. Other consortium benefits include investor summits, curated networking opportunities, and industry intelligence.

”New Mexico has long been home to the nation’s most cutting-edge science and institutions, but too often, these transformative ideas don’t make it beyond the lab,” said Jon Clark, State Investment Officer for the NMSIC. “The Roadrunner Venture Consortium creates a new channel—one that puts world-class scientists together with world-class investors. We are proud to support this new effort, which is sure to create a model for building new companies and opportunities in New Mexico and beyond.”

“The United States leads the world in science and innovation, but our ability to maintain that edge is under pressure from international competitors making sizeable investments in frontier technologies,” said Adam Hammer, CEO & Co-founder of Roadrunner Venture Studios. “Through the creation of the Roadrunner Venture Consortium, we hope to create a pipeline for frontier technology investments and ensure that groundbreaking American innovations have the capital and support they need to commercialize and scale. We are bringing Sandhill Road to the new frontiers of tech.”​

Unlike traditional technologies, deep tech is capital intensive, requires longer development timelines, and depends on close collaboration across the private and public sectors. RVC is built to address these challenges by creating new pathways connecting investors to founders who can bring deep technologies to market.

“New Mexico has long been a hub for cutting-edge scientific research, and RVC creates opportunity for investors to work directly with researchers developing the breakthrough technologies of the future,” said Chris Cassidy, Director, Private Equity and Venture Capital, New Mexico State Investment Council. “Together, this group of experts will help ensure that promising technologies don’t just remain in the lab but are positioned for real-world application and commercialization.”

“Deep tech demands a fundamentally different kind of support than traditional startups,” said Kendra Perlitz, Chief Operating Officer, Playground Global. “This initiative is creating a critical bridge between the labs driving frontier science and the investors ready to back world-changing ideas.”