18 April 2018

Guerrilla RF completes $3.8m Series E funding round

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Guerrilla RF Inc of Greensboro, NC, USA – a provider of radio-frequency integrated circuits (RFICs) and monolithic microwave integrated circuits (MMICs) for wireless applications – has completed a $3.8m Series E funding round (comprising a combination of equity and debt) with participation from multiple angel investors. Since being founded in April 2013 by Ryan Pratt, the firm has now raised $11.6m in funding and has more than 50 products shipping in production volumes.

Guerrilla RF expects to at least double 2018 revenue over 2017, and to increase staffing from 21 associates currently to 25 by the end of 2018.

“This year is off to a very fast start for us,” says founder & CEO Ryan Pratt. “With multiple customer production ramps underway, it was clear we needed additional working capital. This Series E funding round gives us the working capital that we anticipate needing, with quite a lot of margin on top for any upside business,” he adds. “Based on the revenue growth we see, we believe we’re in striking distance of profitability for the first time.”

According to Research and Markets, the overall wireless network infrastructure market will rise at a compound annual growth rate (CAGR) of more than 5% to over $104bn in annually by the end of 2020.

See related items:

Guerrilla RF completes $2.8m Series D funding round

Tags: MMIC

Visit: http://guerrilla-rf.com