Veteran investor joins Tramway Ventures - Albuquerque Journal

Veteran investor joins Tramway Ventures

Katie Rice

Katie Rice, a long-time venture investor who headed the New Mexico office of Epic Ventures for over a decade, is joining Tramway Ventures as a managing partner in the firm’s second fund.

Tramway, launched in 2017, is an early-stage venture firm that invests in life science and health care startups. It’s a homegrown enterprise co-founded by three well-known local investors and entrepreneurs – Waneta Tuttle, Stuart Rose and John Rockwell – along with one out-of-state partner, Brad Vale.

The four co-founders have already led investments in five companies, including three from an initial $5.2 million fund, and two more from a second, $8 million fund that closed last summer.

Under the first fund, which is now completely invested, Tramway pumped money into three local life science startups. That includes the super-fast, cell-screening technology company BennuBio, genomic-sequencing company Armonica Technologies, and WaveFront Dynamics, which developed an advanced eye-measurement system that could provide customized sight correction for difficult-to-treat patients.

Rice will now join Fund II, which in December made its first investment in Albuquerque startup Circular Genomics, a company that created breakthrough technology to diagnose depression and other neurological disorders. Tramway also made an additional seed investment from Fund II in, which recently licensed technology from Albuquerque startup VisionQuest to provide advanced eye-screening technology to help prevent blindness.

Tramway expects to invest in up to six startups from Fund II, representing an acceleration in activities that Rice can help manage, said Tramway Managing Partner Tuttle. Apart from her general management knowhow, Rice has overseen a lot of investments in software technology, which is particularly advantageous for Tramway.

“She can help expand our knowledge base significantly,” Tuttle told the Journal.

Rice previously led the local office of Utah-based Epic Ventures, an early stage, technology-focused firm that invested in about a dozen companies in New Mexico, such as the Albuquerque-based cybersecurity firm RiskSense, which information technology giant Ivanti acquired last summer for an undisclosed price.

Rice also helped found the ABQid business accelerator. And she created ABQid’s annual SkiLift Pitch competition, which brings investors and startups from New Mexico and elsewhere together at the Taos Ski Valley. She also led the Coronado Ventures Forum for three years.

Rice said Tramway is a “good fit” for the next stage of her career.

“I’m personally invested in the success of New Mexico’s startup-and-investment ecosystem,” Rice told the Journal. “I want to continue contributing to its growth. This is the perfect fit for me to do that with a team I know and admire.”


Home » ABQnews Seeker » Veteran investor joins Tramway Ventures

Insert Question Legislature form in Legis only stories

Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email

taboola desktop

ABQjournal can get you answers in all pages


Questions about the Legislature?
Albuquerque Journal can get you answers
Email addresses are used solely for verification and to speed the verification process for repeat questioners.
8 bikers shot, 3 dead during motorcycle rally in ...
ABQnews Seeker
Multiple people were shot Saturday afternoon ... Multiple people were shot Saturday afternoon at a bar in Red River as the town geared up for an annual motorcycle rally.
'Truth or Consequences' ranks as one of the best ...
ABQnews Seeker
It's the summer of 1970 and ... It's the summer of 1970 and Daniel Asa Rose and Tony Wilson, both 20 years old and best friends since sixth grade, are about ...
Wine and secrets get spilled in the comedy 'Drinking ...
ABQnews Seeker
"Drinking Habits" opens at Adobe Theater ... "Drinking Habits" opens at Adobe Theater on June 2, running on weekends through June 25.
Photographer, author Chris Rainier to bring 'Cultures on the ...
ABQnews Seeker
Photographer and author Chris Rainier presents ... Photographer and author Chris Rainier presents "Cultures on the Edge: A Journey into Indigenous Ways of Being" at the Lensic Performing Arts Center.
National Theatre Live production 'Best of Enemies' to be ...
ABQnews Seeker
"Best of Enemies" was the winner ... "Best of Enemies" was the winner of the 2022 Critics' Circle Award for Best New Play and nominated for the 2022 Olivier Award for ...
Mysterious garden holes are the traps of antlions
ABQnews Seeker
At this stage of life they ... At this stage of life they create those perfect round holes which are actually traps for unsuspecting ground crawling insects.
The Met Live comes to the Lensic with 'The ...
ABQnews Seeker
Opera fans can head to the ... Opera fans can head to the Lensic Performing Arts Center for "The Met Live in HD: Die Zauberflöte (The Magic Flute)" at 11 a.m. ...
Bond House Museum to showcase Santa Fe Opera props, ...
ABQnews Seeker
The exhibition represents a collaboration between ... The exhibition represents a collaboration between the opera and the San Gabriel Historical Society and the Española Valley Opera Guild.
'The Nature of Glass' explores the medium through a ...
ABQnews Seeker
"The Nature of Glass" focuses on ... "The Nature of Glass" focuses on 28 contemporary works by such household names as Judy Chicago, Georgia O'Keeffe and Preston Singletary.