Understory raised $15M in Series A funding led by True Ventures and Prelude Ventures to expand into the renewable energy sector.
Amount Raised
$15 Million
Round Type
Series A
MadisonInformation TechnologyInsuranceInvestors
Description
Understory, based in Madison, WI, raised $15M in Series A funding to drive its expansion into the renewable energy sector. The round was led by True Ventures and Prelude Ventures.
Quick answer
Understory, Inc. raised $15 Million in a Series A round, dated June 5, 2024. Investors: Prelude Ventures and True Ventures. Understory, Inc. is based in Madison, Wisconsin, United States.
- How much did Understory, Inc. raise?
- Understory, Inc. raised $15 Million in a Series A round on June 5, 2024.
- Who invested in Understory, Inc?
- Prelude Ventures and True Ventures are named as investors in this round.
- What does Understory, Inc. do?
- Understory develops smart weather station micro-grids that collect tactical weather data and analytics for extreme weather events.
- Where is Understory, Inc. based and how big is it?
- Understory, Inc. is based in Madison, Wisconsin, United States.
- Who are the decision-makers at Understory, Inc?
- Fundz holds 1 contact at Understory, Inc., including the Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Insurance around the same time
Companies in the same sectors as Understory, Inc. that raised within 45 days of this round, from Fundz verified event records.
- Pacific Life raised $8M on July 19, 2024.
- Pacific Life raised $999K on July 19, 2024.
- Pacific Life raised $7M on July 19, 2024.
- Pacific Life raised $20M on July 19, 2024.
- Pacific Life raised $5.6M on July 19, 2024.
- Pacific Life raised $1.5M on July 19, 2024.
Who to call at Understory, Inc., and when
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- An alert the day Understory, Inc. raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Understory, Inc., from your own LinkedIn network
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Funding Insights
What this usually meansUnderstory, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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