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Employees prepare ingredients to bake energy bars at Taos Bakes manufacturing facility in Questa. (Courtesy of Taos Bakes)
ALBUQUERQUE, N.M. — A new $350,000 investment could help two northern New Mexico “ski bums” feed a lot more outdoor enthusiasts with tasty, healthy snacks made by their Questa-based company Taos Bakes.
The New Mexico Angels contributed $220,000 in late April to help close out a new capital raise that existing investors began last fall to reach a $350,000 target, said Tim Wegener of Carouth Capital Partners, a Texas-based private equity firm that previously invested about $4 million in Taos Bakes. The new investment will help the firm expand its line of products and ramp up marketing efforts to broaden its consumer base.