Tech Company Financing Transactions
Understory Funding Round
On 6/5/2024, Understory landed $15 million in Series A funding from Prelude Ventures, True Ventures and private investors.
Transaction Overview
Company Name
Announced On
6/5/2024
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series A
Investors
Prelude Ventures (Lead Investor)
True Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to drive its expansion into the renewable energy sector.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
316 West Washington Ave.
Madison, WI 53703
USA
Madison, WI 53703
USA
Phone
Website
Email Address
Overview
Understory--named for the area in a rainforest beneath the forest canopy--detects rain, hail, wind and other weather events directly at the earth's surface, where the risk to life and property is greatest.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alex Kubicek
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About Our VC Transactions Data
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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