Tech Company Financing Transactions
Understory Funding Round
Understory, based in Madison, secured $5.3 million in funding from True Ventures, 4490 Ventures and Revolution Growth.
Transaction Overview
Company Name
Announced On
5/10/2019
Transaction Type
Venture Equity
Amount
$5,250,000
Round
Series B
Investors
True Ventures (Lead Investor) (Puneet Agarwal)
4490 Ventures (Gregory Robinson)
Revolution Growth (David Hall)
Proceeds Purpose
The new capital will also be allocated to increase the company's employee headcount and to expand into a new headquarters facility to sustain Understory's growth as the company scales globally.
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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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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