The Angel Capital Association (ACA) is the leading professional organization that supports angel investors that back high-growth technology companies. Thousands of startups pitch their members for funding every year and here at GroundMetrics, we’re honored to have a number of members as shareholders.
That’s why we were so excited to be selected as a finalist for the ACA’s coveted Luis Villalobos Award. Luis Villalobos founded the Tech Coast Angels (TCA), one of the largest regional angel associations in the world. Over the course of his time as an angle, he made 57 angel investments and was widely sought after as an expert, mentor, and speaker on technology and entrepreneurship. The Luis Villalobos Award is granted every year in his honor to the ACA’s most innovative portfolio company.
“These finalists are at the top of their game and represent the pinnacle of startup innovation and ingenuity,” said ACA Executive Director Marianne Hudson. “Each company is representative of the strong leadership driving the type of innovation that ACA’s 12,000+ angel investor members look for when selecting companies to financially support and mentor.”
TCA members in San Diego have led multiple investments in GroundMetrics and one of our TCA investors, Jonathan Moss, nominated us for the award. In his own words:
“The Company’s patented technology improves drilling accuracy and increases oil recovery from existing wells with sensors that are 100 times better than older designs. The result is an industry first –oil can be produced safely while completing underground surveys. Previous methods necessitated closing production and in some cases physically taking the oil well offline. In addition to other innovations, the company designed and built what an industry expert recently described as, the best inversion capability in the world.”
Thousands of entrepreneurs pitch ACA angels annually and we are humbled and honored that ACA selected us as a finalist for the award. Here in San Diego, we are laser-focused on growing our business and the occasional pat on the back is a happy respite from our work in the trenches and pushes us to reach for new heights.