"Understory Raises $15M in Series A Funding to Expand Insurance Platform into Renewable Energy Sector"

Understory raises $15M in Series A Funding

Understory (Linkedin), an insurance platform protecting climate-vulnerable industries from severe weather risk, recently secured $15M in Series A funding. With plans to expand into the renewable energy sector, Understory aims to provide risk management and insurance solutions to companies operating in this industry.

Funding Amount: $15 million

Industry: Insurance

Employee Count: 11-50

CEO: Alex Kubicek (CEO Linkedin)

What Understory needs to buy: Understory is seeking partnerships with weather technology providers and data sources to enhance their weather risk models. Additionally, collaborations with renewable energy companies and marketing and sales support services are needed to facilitate their expansion into the renewable energy sector and attract new customers in this industry.