Venture Firm Eyes West Texas

A New Mexico-based venture capital firm, Flywheel Ventures appears to be eyeing investments in West Texas. The firm said today that one of its Venture Partners, Lawrence Chavez, is transitioning towards building an investment practice in West Texas, along with southern New Mexico and Mexico. Chavez had been managing Flywheel's seed stage New Mexico Gap Fund. No details on the new investment efforts were released by the firm.