Understory Secures $7,498,498 New Funding

  • Feed Type
  • Date
    2/16/2016
  • Company Name
    Understory
  • Mailing Address
    28 Dane Street Somerville, MA 02143 USA
  • Company Description
    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.
  • Website
    http://www.understoryweather.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,498,498
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed. 8 investors participated in the offering. The amount may include options, warrants or other securities. Contact technology company for investment details, if applicable. Not an offer or solicitation for the sale of securities or debt. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed

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