New Mexico’s newest homegrown venture investment platform, GOS Capital, closed Oct. 1 on its first commitment to a local startup, pumping $27,000 into esports company Champria.
Although small, this first investment is one of five deals that GOS Capital expects to close on with local startups this fall, potentially reaching up to $150,000 in seed-level commitments by year-end, said GOS Managing General Partner Scott Goodman.
The investment platform, which Goodman began organizing in 2019, is starting small by design, allowing GOS to gain a track record before raising a formal venture fund next year. For now, Goodman is pooling commitments from individual investors for each new deal, with five people contributing funds to the Champria investment.
“We’re focused on early-stage companies, mostly at the seed stage,” Goodman told the Journal. “We’ll close on a second deal within the next two weeks, likely for about $35,000. I expect a few more investors to join