Understory
PrivateLast Round
Series A
Jun 5, 2024
Est. Valuation
$40.67M
Total Funding Raised
$37.24M
Momentum
Top 10%
of companies Caplight tracks
Company Overview
Understory operates in FinTech and is based in Madison, Wisconsin. Its latest recorded funding round was a Series A round in June 2024.
Understory is an insurtech company that provides parametric insurance products and weather risk analytics by leveraging a proprietary network of ground-based weather sensors.
Sector
FinTech
Verticals
InsurTech, Environmental Monitoring, Renewable Energy, Sensors, Compliance & Risk
Business Model
B2B
Customer Profile
Data as a Service, Hardware + Subscription, Subscription SaaS
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Understory Comparables
Compare Understory with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Hailios | 83% | |
| The Demex Group | 83% | |
| Arbol | 81% |
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Understory Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Jun 5, 2024 | ||||
| VC Round | Jun 6, 2023 | ||||
| Series B | May 9, 2019 | ||||
| Series A Extension | Nov 20, 2018 | ||||
| Series A | Feb 18, 2016 | ||||
Seed | Apr 15, 2014 |
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Key People
Founding team and executive leadership
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Understory Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| gener8tor | Accelerator |
| CSA Partners | Series A |
| Prelude Ventures | Series A |
| Bolt | Accelerator |
| Revolution Ventures | Series A Extension, Series B |
| Revolution LLC | Series A Extension, Series B |
| 4490 Ventures | Series B, Series A Extension, Series A |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Aug 22, 2026
Monthly visitors grew 396% MoM, from 274 to 1.4K.
- Aug 2, 2026
Grew 21% QoQ, from 28 to 34 employees.
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Recent news
Latest coverage and updates
- attends_eventOct 9, 2026
Understory, Inc. receives the “Startup of the Year 2026” award at Aarhus Investor Summit in Denmark after expanding into new markets and opening a sales office in Barcelona.
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Understory Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Understory's valuation, stock price, and market status.
Is Understory a public or private company?
Understory is a private company.
What is the current stock price of Understory?
Understory is a private company, so its shares have no public market price. Caplight tracks Understory's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Understory worth (valuation)?
Understory's valuation is estimated at $40.7M based on funding round data.
Can I buy Understory stock?
Understory shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Understory's last funding round?
Understory's most recent funding round was Series A on June 5, 2024.
Who are the main investors in Understory?
Key investors in Understory include Prelude Ventures, 4490 Ventures, Leaps by Bayer, True Ventures.
Will Understory IPO soon?
No public IPO plans have been announced for Understory.
How can I track Understory secondary market activity?
Caplight tracks bids, offers, and trades in Understory's shares on secondary markets.