Understory
Insurance Built for the Era of Climate Change |
United States · Founded 2012 · $30.9M raised
- Employees
- 11–50
- Founded
- 2012
- Business Model
- B2B
- Website
- understoryweather.com
- Total Funding
- $30.9M
- Last Round
- $1.9M SeedJun 2024
- Rounds
- 4
About
Understory closes the climate coverage gap with insurance products built on its weather risk model, which assesses and prices severe weather around the world. The model is powered by a growing global network of ground-based Dot weather sensors designed to be accurate, maintenance-free, and fraud-proof. When severe weather strikes, Understory detects the event and triggers a payout without a typical claims process, so capital can reach auto dealers, growers, and other exposed businesses quickly after a disaster.
Summary
Understory is a Climate Tech company based in United States, founded in 2012. It has raised $30.9M in total across 4 rounds, most recently a $1.9M Seed round in Jun 2024. Investors include True Ventures, Smedvig Ventures and Monsanto Growth Ventures.
Tech & App Stack
4 technologies & apps tracked
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Funding History
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Jun 2024
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Seed through Series A — per-round amounts, valuations, and who invested in each round.
Investors
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