Companies · Telecommunications

Guerrilla RF, Inc.

Greensboro · Telecommunications

Diligence memoA one-page analyst read on Guerrilla RF, Inc. — recommendation, valuation, rhythm, risks.
$51.9M
Total raised · real
18
Rounds
4.2×
Latest step-up
Top 13%
Sector rank · raised
Series B
Latest stage · inferred · Mon Aug 05 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Guerrilla RF, Inc. looks fair against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the telecom sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.00× the median modeled value of Series B Telecommunications companies in 2022–2024 (21 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
At-risk
  • Last raise 23 mo ago; this sector typically re-raises about every 10 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Telecommunications

Guerrilla RF, Inc. is one of 929 Telecommunications companies tracked from Greensboro. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2014
Year incorporated
2024-08-05
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MPre-Seed · 2013-12-16 Raised $400K (real) Modeled valuation $11M (est)Pre-Seed2013Pre-Seed · 2014-06-25 Raised $250K (real) Modeled valuation $6.7M (est)Pre-Seed · 2014-10-28 Raised $500K (real) Modeled valuation $13M (est)Pre-Seed2014Pre-Seed · 2015-02-28 Raised $184K (real) Modeled valuation $4.9M (est)Seed · 2015-05-13 Raised $1.5M (real) Modeled valuation $32M (est)Seed2015Seed · 2016-01-12 Raised $600K (real) Modeled valuation $13M (est)Seed · 2016-08-09 Raised $911K (real) Modeled valuation $20M (est)Seed2016Seed · 2017-07-01 Raised $1.9M (real) Modeled valuation $41M (est)Seed · 2018-04-16 Raised $1.8M (real) Modeled valuation $39M (est)Seed2018Seed · 2019-03-28 Raised $1.6M (real) Modeled valuation $35M (est)Series A · 2021-10-22 Raised $7.2M (real) Modeled valuation $82M (est)Series A2021Series A · 2022-08-11 Raised $450K (real) Modeled valuation $3.9M (est)Series A · 2022-12-30 Raised $5.0M (real) Modeled valuation $39M (est)Series A2022Series A · 2023-02-07 Raised $100K (real) Modeled valuation $743K (est)Series A · 2023-07-12 Raised $790K (real) Modeled valuation $5.1M (est)Series A2023Series A · 2023-08-14 Raised $1.5M (real) Modeled valuation $9.4M (est)Series A · 2024-03-28 Raised $5.2M (real) Modeled valuation $26M (est)Series A2024Series B · 2024-08-05 Raised $22M (real) Modeled valuation $136M (est)Cumulative $52M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$400K · 2013
Pre-Seed extension$250K · 2014
Pre-Seed extension$500K · 2014
Pre-Seed extension$184K · 2015
Seed$1.5M · 2015
Seed extension$600K · 2016
Seed extension$911K · 2016
Seed extension$1.9M · 2017
Seed extension$1.8M · 2018
Seed extension$1.6M · 2019
Series A$7.2M · 2021
Series A extension$450K · 2022
Series A extension$5.0M · 2022
Series A extension$100K · 2023
Series A extension$790K · 2023
Series A extension$1.5M · 2023
Series A extension$5.2M · 2024
Series B$22.0M · 2024

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$136.4M
Base estimate est.
$53.4M
Conservative case
$239.7M
Upside case
$122.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the telecom sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $10.7M · 2013-12-162013Pre-Seed · modeled $6.7M · 2014-06-25Pre-Seed · modeled $13.4M · 2014-10-28Pre-Seed · modeled $4.9M · 2015-02-28Seed · modeled $32.3M · 2015-05-13Seed · modeled $12.9M · 2016-01-12Seed · modeled $19.6M · 2016-08-09Seed · modeled $40.9M · 2017-07-01Seed · modeled $39.0M · 2018-04-16Seed · modeled $35.2M · 2019-03-28Series A · modeled $81.6M · 2021-10-22Series A · modeled $3.9M · 2022-08-11Series A · modeled $38.8M · 2022-12-30Series A · modeled $743K · 2023-02-07Series A · modeled $5.1M · 2023-07-12Series A · modeled $9.4M · 2023-08-14Series A · modeled $26.4M · 2024-03-28Series B · modeled $136.4M · 2024-08-052024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
66%
Survival probability
44% low · 81% high
1.32×/yr
Annual markup
1.60×/yr upside case
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$4.9M/yr
Capital velocity
12.5 yr
On record since
2013
First round
18
Rounds on file
How it compares to the market

Benchmarked against 929 companies in Telecommunications. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 13× above median
This company$51.9M
Sector median$4.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.3× above median
This company$22.0M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 4.8× above median
This company$136.4M
Sector median$28.3M

Raised more than 88% of sector peers (real $). Modeled value above 78% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #11 of 21.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Atento S.A. · Series B Raised $39.6M · modeled $368.1M (est)Towerthree Wireless del Ecuador S.A. · Series B Raised $25.0M · modeled $281.2M (est)Canela Media Inc · Series B Raised $20.4M · modeled $255.0M (est)ResultsCX Cayman Private Ltd · Series B Raised $22.9M · modeled $241.8M (est)BlueNet Technologies Inc. · Series B Raised $36.3M · modeled $216.7M (est)AccessParks Holdings, LLC · Series B Raised $29.2M · modeled $216.6M (est)Private Tech Inc. · Series B Raised $21.4M · modeled $184.5M (est)VoltServer Inc. · Series B Raised $38.9M · modeled $158.4M (est)Circet US Management II LLC · Series B Raised $15.5M · modeled $145.5M (est)Sonim Technologies Inc · Series B Raised $69.5M · modeled $137.1M (est)Searchlight TYP Holdco, LLC · Series B Raised $43.3M · modeled $124.2M (est)Guerrilla RF, Inc. (this company) Raised $51.9M · modeled $136.4M (est)Guerrilla RF, Inc.
CompanyStageRaised · realValue · estvs peer med.
Atento S.A.Series B$39.6M$368.1M2.70×
Towerthree Wireless del Ecuador S.A.Series B$25.0M$281.2M2.06×
Canela Media IncSeries B$20.4M$255.0M1.87×
ResultsCX Cayman Private LtdSeries B$22.9M$241.8M1.77×
BlueNet Technologies Inc.Series B$36.3M$216.7M1.59×
AccessParks Holdings, LLCSeries B$29.2M$216.6M1.59×
Private Tech Inc.Series B$21.4M$184.5M1.35×
VoltServer Inc.Series B$38.9M$158.4M1.16×
Circet US Management II LLCSeries B$15.5M$145.5M1.07×
Sonim Technologies IncSeries B$69.5M$137.1M1.01×
Guerrilla RF, Inc. this companySeries B$51.9M$136.4M1.00×
Searchlight TYP Holdco, LLCSeries B$43.3M$124.2M0.91×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$400K2013-12-16$2.2M$10.7M85%
Pre-Seed$250K2014-06-25$1.4M$6.7M85%
Pre-Seed$500K2014-10-28$2.8M$13.4M85%
Pre-Seed$184K2015-02-28$1.0M$4.9M85%
Seed$1.5M2015-05-13$7.5M$32.3M85%
Seed$600K2016-01-12$3.0M$12.9M85%
Seed$911K2016-08-09$4.6M$19.6M85%
Seed$1.9M2017-07-01$9.5M$40.9M90%
Seed$1.8M2018-04-16$9.0M$39.0M90%
Seed$1.6M2019-03-28$8.2M$35.2M90%
Series A$7.2M2021-10-22$32.6M$81.6M90%
Series A$450K2022-08-11$2.0M$3.9M90%
Series A$5.0M2022-12-30$22.9M$38.8M90%
Series A$100K2023-02-07$455K$743K90%
Series A$790K2023-07-12$3.6M$5.1M90%
Series A$1.5M2023-08-14$6.8M$9.4M90%
Series A$5.2M2024-03-28$23.5M$26.4M90%
Series B$22.0M2024-08-05$122.2M$136.4M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$400K2013-12-16
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Pre-Seed$250K2014-06-25
    • Raised 6 mo later, in step with the ~10 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
  3. Pre-Seed$500K2014-10-28
    • Came back fast: 4 mo vs the ~10 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 1 investor on this round.
  4. Pre-Seed$184K2015-02-28
    • Came back fast: 4 mo vs the ~10 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  5. Seed$1.5M2015-05-13
    • Came back fast: 2 mo vs the ~10 mo sector norm.
    • Round 8.1× larger than the prior — scaling up.
    • Revenue band moved No revenue → $0–$1M.
    • 4 investors on this round.
  6. Seed$600K2016-01-12
    • Raised 8 mo later, in step with the ~10 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  7. Seed$911K2016-08-09
    • Raised 7 mo later, in step with the ~10 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 4 investors on this round.
  8. Seed$1.9M2017-07-01
    • Raised 11 mo later, in step with the ~10 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • Revenue band moved $0–$1M → $1M–$5M.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 4 investors on this round.
  9. Seed$1.8M2018-04-16
    • Raised 9 mo later, in step with the ~10 mo sector norm.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  10. Seed$1.6M2019-03-28
    • Raised 11 mo later, in step with the ~10 mo sector norm.
    • Round roughly the size of the prior one.
    • 14 investors on this round.
  11. Series A$7.2M2021-10-22
    • Raised again after 31 mo — slower than the ~10 mo sector norm.
    • Round 4.4× larger than the prior — scaling up.
    • 102 investors on this round.
  12. Series A$450K2022-08-11
    • Raised 10 mo later, in step with the ~10 mo sector norm.
    • Round 15.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  13. Series A$5.0M2022-12-30
    • Came back fast: 5 mo vs the ~10 mo sector norm.
    • Round 11.2× larger than the prior — scaling up.
    • 57 investors on this round.
  14. Series A$100K2023-02-07
    • Came back fast: 1 mo vs the ~10 mo sector norm.
    • Round 50.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  15. Series A$790K2023-07-12
    • Came back fast: 5 mo vs the ~10 mo sector norm.
    • Round 7.9× larger than the prior — scaling up.
    • 7 investors on this round.
  16. Series A$1.5M2023-08-14
    • Came back fast: 1 mo vs the ~10 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 1 investor on this round.
  17. Series A$5.2M2024-03-28
    • Raised 7 mo later, in step with the ~10 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 19 investors on this round.
  18. Series B$22.0M2024-08-05
    • Came back fast: 4 mo vs the ~10 mo sector norm.
    • Round 4.2× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~8mo cadence
$66.0M
Modeled next size est.range $42.9M$105.6M
4.2×
Last step-up
$4.9M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
James E Dunn, Jr.1 other2017-07
Thomas B. Ellis1 other2024-08
Todd B. Hammer1 other2024-08
William J Pratt1 other2014-10
Andy J. Dreyfuss2014-10
David B. Bell2022-08
David Bundy Bell2021-10
Desiree E Pratt2018-04
Gary Bundy Smith2021-10
Gary L. Smith2022-08
Gregory Bundy Thompson2021-10
Gregory J Thompson2019-03
Gregory L. Thompson2022-08
Jeffery Scott Broxson2021-10
John Alen Berg2021-10
John E Berg2018-04
Kellie Hyon-Ok Chong2022-08
Mark Alan Mason2021-10
Ryan Michael Pratt2013-12
Sam J. Funchess2014-10
Samuel William Funchess, Sr.2021-10
Susan Berish Barkal2022-12
Virginia Bundy Summerell2024-03
Virginia R. Summerell2023-07
Registry & provenance

Guerrilla RF, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1597410
SEC CIK
2014
Incorporated
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Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

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Frequently asked
How much funding has Guerrilla RF, Inc. raised?
Guerrilla RF, Inc. has raised approximately $51.9M in disclosed capital across 18 recorded financing rounds, aggregated from public filings.
What is Guerrilla RF, Inc.'s estimated valuation?
Provath's modeled valuation for Guerrilla RF, Inc. is approximately $136.4M (modeled range $53.4M–$239.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Guerrilla RF, Inc. at?
Guerrilla RF, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Aug 05.
What does Guerrilla RF, Inc. do and where is it based?
Guerrilla RF, Inc. operates in the Telecommunications sector, based in Greensboro.
Explore related

See where Guerrilla RF, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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