Capital to Launch First Products into Mass Production and Develop Additional Solutions
GREENSBORO, N.C. – February 23, 2015 – Guerrilla RF Inc., a leading provider of high performance microchips for wireless network infrastructure, today announces the closing of a $500,000 funding round led by Charlotte Angel Fund. Also participating were Piedmont Angel Network and a growing list of individual angel investors. “The strong customer interest we have seen for our products has resulted in more than six design wins in the past several months, and we are excited to already be in a position requiring mass production on our first solutions,” said Ryan Pratt, founder and CEO at Guerrilla RF. “This latest round of funding allows us to do just that and develop additional world-class products for the wireless network infrastructure market.” According to Research and Markets, the overall wireless network infrastructure market will see tremendous growth over the coming years. Growing at a compound annual growth rate of over 5 percent, the market will account for over $104 billion in annual spending by the end of 2020.
About Charlotte Angel Fund
Charlotte Angel Fund is a member-driven angel investment fund designed to make investments in early stage high growth companies, focusing on companies headquartered in North Carolina and South Carolina. For more information please contact Greg Brown, Fund Administrator, at email@example.com.
About Guerrilla RF
Guerrilla RF provides high performance monolithic microwave integrated circuits (microchips) to wireless infrastructure original equipment manufacturers in multiple market segments, including enterprise/carrier-class WiFi access points, small cells, wireless backhaul, and cellular repeaters. The company’s patented Guerrilla Armor™ technology enables greater coverage area and higher data rates for wireless networks. Headquartered in Greensboro, N.C., the company was founded in April 2013 by Ryan Pratt. To date it has raised $1.5M in funding and introduced over 30 products. All trademarks are Funding 2-2-2 the property of their respective owners.
For more information please visit http://guerrilla-rf.com or follow the company on LinkedIn.
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