MessageDesk, a Reno, NV-based text messaging software designed for small to mid-sized businesses (SMBs), secured $1.6 million in seed funding.
SaaS Investors
The investment round was led by the Reno Seed Fund, with participation from AZ-VC, Acadian Capital Ventures, Arizona Tech Investors, Desert Angels, and the Sierra Innovations Entrepreneur Fund of the Sierra Angels.
Founded in 2019, Reno Seed Fund is a venture capital firm and angel group based in Reno, Nevada. The firm seeks to invest in early-stage companies operating in the SaaS, fintech, blockchain, life sciences, internet of things, advanced manufacturing, cybersecurity, and hospitality sectors across Northern Nevada.
MessageDesk Use of Funds
The funds will be used to expand its marketing, sales, and customer success operations while continuing to develop its platform, including adding features like AI-driven sentiment analysis, team chatbots, and voice-to-text.
The company aims to reach $1 million in annual recurring revenue (ARR) in 2023 and expand its customer base to 1,000 SMBs by the end of Q1 2024.
About MessageDesk
MessageDesk is a communications software company that helps businesses and organizations text-enable their business phone lines, send mass text message broadcasts, get optimal text message delivery rates, and route, assign, and automatically manage text message conversations across their entire organization. MessageDesk was founded and is based in Reno, Nevada.
Funding Details
Company: Alderwood Labs, Inc.
Raised: $1.6M
Round: Seed Round
Funding Month: September 2023
Lead Investors: Reno Seed Fund
Additional Investors:
Company Website: https://www.messagedesk.com/
Software Category: Communication Software
Source: https://www.prnewswire.com/news-releases/messagedesk-announces-1-6m-series-seed-to-help-healthcare-logistics-education-and-service-professionals-get-the-right-messages-to-the-right-people-at-the-right-time-301919111.html