# Sun Mountain Capital: portfolio, investments and team > Sun Mountain Capital is a private equity based in United States. 31 investments on record, latest Jan 2022. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/sun-mountain-capital (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Sun Mountain Capital Filed with the SEC to raise a fund in Nov 2025, closing $50M. Last cheque observed Jan 2022. Email Quiet New fund $50M, Nov 2025 Private equity Seed Series A Series B SaaS Software Recurring Follow Sun Mountain Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fsun-mountain-capital) Cheques on record **0%** of best year **0** **cheques in 12 months**, 31 on record Since the last cheque **1734** days **00** hrs **00** min **00** sec Median round **$11M** Rounds led **0 of 31** Sole investor **1 rounds** Exits **1 from the portfolio** Mostly in **United States, 100%** Pitch Sun Mountain Capital ## Sun Mountain Capital highlights - 01 31 rounds on record - 02 Mostly Series A and Series B: 61% of its rounds - 03 Sole investor in 1 rounds, median $2.5M - 04 1 exits from the portfolio ## What they do > Sun Mountain Capital is an asset management firm specializing in venture capital and private credit through direct and multi-manager investments. From their own website - **Type:** Private equity (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B Growth - **Sectors:** SaaS Software Recurring - **Based in:** Santa Fe, United States - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **31 appearances** - **2022** 1 round - **Jan** **[3D Glass Solutions Inc.](https://millionrounds.com/company/3d-glass-solutions-inc)** Series B · US · Firms' own news pages **$4.0M** With 2 others - **2019** 1 round - **Oct** **[mPower Technology](https://millionrounds.com/company/mpower-technology)** Series A · US · FinSMEs **$2.5M** Sole investor - **2018** 2 rounds - **Aug** **[RiskSense](https://millionrounds.com/company/risksense)** Series B · US · FinSMEs **$12M** With 5 others - **Apr** **[Bayotech](https://millionrounds.com/company/bayotech)** Series B · US · FinSMEs **$13M** With 1 other - **2017** 2 rounds - **May** **[TriLumina](https://millionrounds.com/company/trilumina)** Debt · US · FinSMEs **$9.0M** With 4 others - **Mar** **[RiskSense](https://millionrounds.com/company/risksense)** Series A · US · FinSMEs **$14M** With 5 others - **2015** 3 rounds - **Dec** **[Seamless Medical Systems](https://millionrounds.com/company/seamless-medical-systems)** Venture · US **$2.5M** With 1 other - **Feb** **[TriLumina Corp.](https://millionrounds.com/company/trilumina-corp)** Series B · US **$4.5M** With 2 others - **Jan** **[Respira Therapeutics](https://millionrounds.com/company/respira-therapeutics)** US **$600K** With 1 other - **2014** 5 rounds - **Oct** **[Respira Therapeutics](https://millionrounds.com/company/respira-therapeutics)** US **$1.5M** With 1 other - **Jul** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Debt · US **$4.0M** With 3 others - **Jul** **[xF Technologies Inc.](https://millionrounds.com/company/xf-technologies-inc)** Debt · US **$3.0M** With 1 other - **Feb** **[TriLumina Corp.](https://millionrounds.com/company/trilumina-corp)** Series A · US **$8.5M** With 2 others - **Feb** **[xF Technologies Inc.](https://millionrounds.com/company/xf-technologies-inc)** Series A · US **$4.5M** With 2 others - **2013** 4 rounds - **Nov** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Debt · US · pehub.com **$25M** With 5 others - **Aug** **[Respira Therapeutics](https://millionrounds.com/company/respira-therapeutics)** Series A · US **$2.0M** With 1 other - **Aug** **[xF Technologies Inc.](https://millionrounds.com/company/xf-technologies-inc)** Series A · US **$2.0M** With 1 other - **Jan** **[TriLumina Corp.](https://millionrounds.com/company/trilumina-corp)** Series A · US **$3.8M** With 1 other - **2012** 4 rounds - **Oct** **[Aspen Avionics](https://millionrounds.com/company/aspen-avionics)** Venture · US · finsmes.com **$13M** With 5 others - **Sept** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Series B · US · finsmes.com **$5.3M** With 4 others - **Mar** **[Comet Solutions](https://millionrounds.com/company/comet-solutions)** Series C · US · finsmes.com **$4.0M** With 1 other - **Feb** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Series C · US **$34M** With 2 others - **2011** 5 rounds - **Dec** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Series A · US · sec.gov **$12M** With 2 others - **Sept** **[Skorpios Technologies](https://millionrounds.com/company/skorpios-technologies)** Series B · US · finsmes.com **$19M** With 3 others - **Jul** **[nanoMR](https://millionrounds.com/company/nanomr)** Series B · US · nanomr.com **$13M** With 3 others - **May** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Growth · US · sec.gov **$5.4M** With 4 others - **Feb** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Series B · US **$17M** With 4 others - **2010** 2 rounds - **Aug** **[Skorpios Technologies](https://millionrounds.com/company/skorpios-technologies)** Venture · US · stc.unm.edu **$2.0M** With 1 other - **Jun** **[JackRabbit Systems](https://millionrounds.com/company/jackrabbit-systems)** Venture · US · techcrunch.com **$1.3M** With 1 other - **2009** 1 round - **Jan** **[Lumidigm](https://millionrounds.com/company/lumidigm)** Series C · US · lumidigm.com **$7.0M** With 8 others - **2008** 1 round - **Jun** **[nanoMR](https://millionrounds.com/company/nanomr)** Series A · US · nanomr.com **$5.5M** With 2 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **17 named** AD **Akihiko D. Yasuda** Mr. Yasuda is a managing director of each of Asia Alternatives NM Asia GP, LLC and Asia Alternatives Management LLC. i Filing they signed AT **Andrew Tulchin** Member of of NM Vintage Fund Partners, LLC, the General Partner i Filing they signed BP **Brian Peter Birk** Managing Member of the General Partner i Filing they signed CC **Carlos Caraveo Sanchez** Executive Officer i Filing they signed CF **Catriona Forrester** Executive Officer i Filing they signed DT **Drew Tulchin** Managing member of NM Vintage Fund Partners, LLC, which is the Issuer's general partner. i Filing they signed JC **Jordan Clancy** Managing member of NM Vintage Fund Partners, LLC, which is the Issuer's general partner. i Filing they signed LM **Lee Michael Rand** Managing Member of the General Partner i Filing they signed MF **Mark Fisher** Managing member of NM Vintage Fund Partners, LLC, which is the Issuer's general partner. i Filing they signed MM **Melissa Ma** Ms. Ma is a manager and a managing director of each of Asia Alternatives NM Asia GP, LLC and Asia Alternatives Management LLC. i Filing they signed MM **Moises Macias Maldonaldo** Executive Officer i Filing they signed RX **Rebecca Xu** Ms. Xu is a manager and a managing director of each of Asia Alternatives NM Asia GP, LLC and Asia Alternatives Management LLC. i Filing they signed RH **Reed Handy Soehnel** Chief Compliance Officer i Form ADV SC **Sally Corning** Managing Member of the General Partner i Filing they signed TA **Tania Anaya Arvea** Executive Officer i Filing they signed TR **Travis R. Steele** Executive officer of Abo Empire, LLC, which is a managing member of NM Vintage Fund Partners, LLC, which is the Issuer's general partner. i Filing they signed WD **William D. LaFayette** Mr. LaFayette is a managing director and CFO of each of Asia Alternatives NM Asia GP, LLC and Asia Alternatives Management LLC. i Filing they signed We also hold **24** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$379M** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** SUN Mountain Capital Advisors, LLC - **SEC number:** CRD 151477 Funds on its Form ADV **11** private funds, **$599M** in gross assets · filed Jun 2024 Private equity **5** Venture **3** Private credit fund **2** - Nmsic Co-Investment Fund L.P. *Venture* 1 investor $172M - Mexico Ventures II Fund of Funds, L.P. *Private equity* 6 investors $153M - Mexico Ventures I, L.P. *Private equity* 4 investors $57M - Mexico Ventures III, L.P. *Private equity* 2 investors $56M - New Mexico Recovery Fund, L.P. *Debt financing* 2 investors $38M - Mexico Ventures II Direct Fund, L.P. *Venture* 6 investors $37M - Badger Fund of Funds I, L.P. *Private equity* 26 investors $30M - Sun Mountain Private Credit Fund I, L.P. *Private credit fund* 56 investors $20M - New Mexico Catalyst Fund, L.P. *Private equity* 5 investors $20M - Mexico Ventures I Annex Fund, L.P. *Venture* 4 investors $7.5M And 1 more on the filing. ## What they claim to have backed From their own portfolio page (on their website) **15** of 60 we have independently watched raise [Agshift](https://millionrounds.com/company/agshift)[Amplifica](https://millionrounds.com/company/amplifica)[Bayotech](https://millionrounds.com/company/bayotech)[Descarteslabs](https://millionrounds.com/company/descartes-labs)[Firstcrop](https://millionrounds.com/company/first-crop)[Kubofinanciero](https://millionrounds.com/company/kubo-financiero)[Mpowertech](https://millionrounds.com/company/mpower-technology)[Ofi](https://millionrounds.com/company/ofi)[Realized](https://millionrounds.com/company/fetch)[Realized](https://millionrounds.com/company/virtualitics)[Spotahome](https://millionrounds.com/company/spotahome)[Ubiqd](https://millionrounds.com/company/ubiqd)[Vegacloud](https://millionrounds.com/company/vega-cloud)[Wellaware](https://millionrounds.com/company/wellaware)[Wizeline](https://millionrounds.com/company/wizeline) 3dgsinc Angelventures Armonicatech Bluestonevp Capitalindigo Cerracap Cometa Cookiedatabase Cottonwood Daluscapital Deetkenimpact Exagen Excelvm Gerberacapital Gestaltdiagnostics Getpulpo Greenthemetek H20capital Id90travel Ideasycapital Ingenuityventurefund Ivoy Jaguarvc Listofin Livcapital Matterscale Meowwolf Nazca Nxtp Oneten Pc-capital Phoenix-vp Precisioncellsystems Realized Realized Realized Realized Realized Realized Realized Realized Realized Realized Realized Realized and 21 more Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## Exits from the portfolio Companies it backed that were later bought or listed **1 in all** **[Lumidigm](https://millionrounds.com/company/lumidigm)** Bought by [HID Global](https://millionrounds.com/fund/hid-global) **Undisclosed** Feb 2014 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$50M** raised in Nov 2025 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$11M** the round, not its cheque Alone, median **$2.5M** Led 0 of 31 rounds **0%** - **Sole investor:** 1 rounds - **Last cheque:** Jan 2022 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Series A said *9* - Series B said *8* - Debt *4* - Venture *4* - Series C *3* - Seed said *-* - Growth said *-* Cheques by year Led Joined 2008 2022 Often in the room with - [Cottonwood Technology Fund](https://millionrounds.com/fund/cottonwood-technology-fund) 14 - [Tullis Health Investors](https://millionrounds.com/fund/tullis-health-investors) 7 - [Cottonwood Technology Fund](https://millionrounds.com/fund/cottonwood-technology-fund-2) 4 - [Epic VC](https://millionrounds.com/fund/epic-ventures) 4 - [Mesa Verde Venture Partners](https://millionrounds.com/fund/mesa-verde-venture-partners) 4 - [EPIC (Exponential Positive Impact Capital)](https://millionrounds.com/fund/epic-exponential-positive-impact-capital) 2 **Pitching Sun Mountain Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Sun Mountain Capital. A count of rooms they were both in, not a relationship either has claimed. [**Cottonwood Technology Fund** VC firm **14** rounds together](https://millionrounds.com/fund/cottonwood-technology-fund)[**Tullis Health Investors** Private equity **7** rounds together](https://millionrounds.com/fund/tullis-health-investors)[**Cottonwood Technology Fund** VC firm **4** rounds together](https://millionrounds.com/fund/cottonwood-technology-fund-2)[**Epic VC** VC firm **4** rounds together](https://millionrounds.com/fund/epic-ventures)[**Mesa Verde Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/mesa-verde-venture-partners)[**EPIC (Exponential Positive Impact Capital)** VC firm **2** rounds together](https://millionrounds.com/fund/epic-exponential-positive-impact-capital)[**Epic Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/epic-ventures-2)[**Fort Washington Capital Partners Group** Investment firm **2** rounds together](https://millionrounds.com/fund/fort-washington-capital-partners-group)[**Stage 1 Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/stage-1-ventures)[**vSpring Capital** VC firm **2** rounds together](https://millionrounds.com/fund/vspring-capital) ## Recently backed The latest companies Sun Mountain Capital put money into. [**3D Glass Solutions Inc.** $4.0M · Jan 2022](https://millionrounds.com/company/3d-glass-solutions-inc)[**mPower Technology** $2.5M · Oct 2019](https://millionrounds.com/company/mpower-technology) ## Quick answers about Sun Mountain Capital ### What does Sun Mountain Capital invest in? Sun Mountain Capital invests most often at Series A and Series B (61% of the rounds on record), in sectors such as SaaS, Software and Recurring. ### How active is Sun Mountain Capital? 31 investments on record, 0 of them in the last 12 months. The most recent was in Jan 2022. ### What has Sun Mountain Capital invested in recently? Its most recent investments on record: 3D Glass Solutions Inc. (Series B, Jan 2022), mPower Technology (Series A, Oct 2019) and RiskSense (Series B, Aug 2018). ### How big are Sun Mountain Capital's cheques? The median round it joins is $11M. ### Does Sun Mountain Capital lead rounds? Rarely, if at all: none of its 31 investments on record names it as the lead. ### Where does Sun Mountain Capital invest? Most of the companies it backs are in the United States (100%). ### Is Sun Mountain Capital investing now? No investments in the last 12 months; the latest was in Jan 2022. ### Who does Sun Mountain Capital invest alongside? Most often Cottonwood Technology Fund (14 rounds together), Tullis Health Investors (7 rounds together) and Cottonwood Technology Fund (4 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=sun-mountain-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=sun-mountain-capital)