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Understory

Understory

Private
Madison, WisconsinFinTechhttps://www.understoryweather.com

Last Round

Series A

Jun 5, 2024

Total Funding Raised

$29.72M

Momentum Score

50 /100

Company Overview

Understory is a parametric insurance company that offers innovative solutions to safeguard vulnerable businesses against the financial repercussions of climate change by utilizing advanced technology and weather sensors to accurately assess and price weather risk premiums.

Sector

FinTech

Verticals

InsurTech, Sensors, Environmental Monitoring, Renewable Energy, Financial Data

Business Model

B2B

Customer Profile

Services & Consulting, Hardware + Subscription, Data as a Service

AI Layer

Application

Keywords

parametric insuranceInsurtechhyperlocal weather dataweather sensorsDealers Open Lot insurancemanaging general agentMGAweather analyticssensor networkclimate techground-truth dataweather risk assessmentauto dealership insurancecatastrophe modelingrenewable energy insurancereal-time weather alertshail datadata-as-a-serviceDaaSweather data API

Historical Pricing

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Caplight Momentum Score

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Understory Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Understory Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series AJun 5, 2024
Series BMay 13, 2019
VC RoundNov 20, 2018
Series AFeb 18, 2016
SeedApr 15, 2014
Accelerator
Sep 1, 2013
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Key People

Founding team and executive leadership

Alex Kubicek

Chief Executive Officer And Co-founder

Founding Team

Understory Investors

Notable investors and investment history

InvestorRounds
gener8torAccelerator
CSA PartnersSeries A
Leaps by BayerVC Round
Prelude VenturesSeries A
BoltAccelerator
Revolution VenturesVC Round, Series B
4490 VenturesSeries B, VC Round, Series A
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Understory Filings

SEC and related filings with document metadata.

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Understory Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Understory's valuation, stock price, and market status.

Firmographic Details

HeadquartersMadison, Wisconsin
Employee Range26
Year Founded2012
Last FundingJun 5, 2024

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