Cowboy Technology Angels
Oklahoma City, Oklahoma, United States
Overview
Cowboy Technology Angels, LLC, is comprised of alumni and other friends of Oklahoma State University who desire to see the wealth of research, talent and innovation that the university has developed applied to help grow investor-ready entrepreneurs and their young companies. CTA is an independent investment fund separate from Oklahoma State University, its Alumni Association, its Foundation, and Cowboy Technologies, LLC. Each member of Cowboy Technology Angels is an accredited investor. Members are able to select their own investments. Each member’s invested capital is then aggregated in a CTA Series which in turn invests in one Portfolio Company. The Members of a Series decide together how to manage the investment in their Portfolio Company. Only Members of a Series bear the risk and participate in the gains and losses of their Portfolio Company investment. Members contribute $2,000 upon joining the Fund then thereafter only as investments are made. Cowboy Technology Angels is managed by Jim Troxel, OSU ’68, who leads WBTangels. CTA has partnered with WBTangels to facilitate the investment processes of CTA, provide connections to technology and capital, and tend to CTA administration.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Association
- Banking
- Finance
- Financial Services
Investment portfolio
- GroundMetrics
Led · Series B · Apr 2014
GroundMetrics builds land-based electromagnetic sensor systems and delivers high-fidelity geophysical data and full-field electromagnetic images of the subsurface for energy and carbon-sequestration customers. The company has made critical intellectual property advances, developed backend analytical tools for modeling sensor data, and executed numerous field surveys. Customers and partners have included Saudi Aramco, Statoil, the U.S. Department of Energy, the California Energy Commission, and the CO2 Capture Project (BP, Chevron, Suncor, ENI, Petrobras, Shell). Management was strengthened through new hires and the company reports repeat business with a portfolio of blue-chip customers. GroundMetrics is positioning its technology to capitalize on increased U.S. oil production and industry investment in exploration innovation. The Series B proceeds will be used to scale infrastructure, ramp up sales and marketing, and hire and deploy field crews. GroundMetrics develops electromagnetic sensing technologies and advanced survey and monitoring services for oil, gas, mining, geothermal and environmental customers. Its sensor systems are designed to capture high‑quality data while operating in extreme and challenging environments such as desert, frozen tundra and solid rock. The company offers a low‑power transmitter capable of penetrating reservoirs at depth and enabling imaging between and beyond oil wells without deploying instrumentation in the well. GroundMetrics intends to use the new capital to complete product engineering and initiate commercialization of its systems. The company was founded in 2010 and is led by CEO George Eiskamp. The article notes a prior $1.2M Series A raise in September 2012. GroundMetrics develops electric-field sensing technology and noise-mitigation methods for geophysical survey and monitoring applications. The company commercializes sensor systems and provides advanced survey and monitoring services to energy, mining, and environmental customers. Its sensors are designed to operate where traditional technologies cannot, enable long-term continuous monitoring, streamline permitting, and reduce survey time and costs. Proceeds from a $1.2 million Series A financed through Tech Coast Angels were used to build prototypes and complete field validation on a major oil field in the Middle East. GroundMetrics was founded in 2010 and is assessing strategic alliances while developing a Series A2 financing package. The company also received a Phase I SBIR grant from the U.S. Department of Energy to research carbon capture and storage applications.
Team
No current team members are available.