SIERRA ANGELS/MW TECH ACCELERATOR JT. PRESS RELEASE APRIL 23rd, 2018 Reno, NV Sierra Angels co-leads latest bridge round for Breadware, Inc.
Sierra Angels (“SA”) and the Mountainwest Tech Accelerator announced today that they have raised and closed the latest $700 thousand bridge round for Breadware, Inc.-the Reno-based, turnkey, IoT product development (PLM) software provider.
Sierra Angels members first invested in Breadware in April 2017 and they serve on both the Board and advisory boards of Breadware. SA has supported Breadware through 3 successive rounds of funding in the past 12 months, totaling over $1.9 million. Breadware has signed its first $1.3 million contract with a Fortune 100 company. The latest bridge round includes 3 established angel groups from the Angel Syndication Network (ASN) of the Western United States.
Bob Goff of Sierra Angels said: “Breadware’s product & service will enable Fortune 1000 companies to move their IoT product applications to market quicker and more dependably. Likewise, Sierra Angels, in collaboration with UNR’s Innevation Center, MW Tech Accelerator and experienced local advisors facilitate the further acceleration of exciting new tech startup companies in this region.”
Gene Wong of the MW Tech Accelerator commented: “Breadware is a key example of how supportive we local, investor groups can be-here in the Northern Nevada ecosystem -to help dynamic and growing, young technology companies.”
About Breadware. (www.breadware.com)Reno, Nevada-based Breadware, Inc. is an IoT product development (PLM software) company launching a SaaS platform providing a complete suite of solutions from A-Z including the manufacturing supply chain to the enterprise.
About Sierra Angels. (www.sierraangels.com) Sierra Angels is this region’s premier funding source for early stage tech companies. Its mission is to facilitate successful company formations and scaling by providing funding, experienced advising and strategic connections and have done so for approximately 100 companies.About Mountainwest. (www.mwta.io)MountainWest Tech Accelerator is a Nevada-based advisory/accelerator/investment group whose purpose is to encourage and develop Nevada-based entrepreneurs toward scaled growth and advanced manufacturing. Our focus to date has been on the Internet of Things for the enterprise, robotics and artificial intelligence/NLP.
For more information contact, Gene Wong, gene@mwta.io