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Venture Capital News: Understory Secures $15 Million Series A Funding

2024-06-05
MADISON, WI, Understory, an insurance platform, announced the close of a significantly oversubscribed $15 Series A funding round.
Understory, the insurance platform protecting climate-vulnerable industries from severe weather risk, announced the close of a significantly oversubscribed Series A funding round, securing a substantial $15 million to drive its expansion into the renewable energy sector. This funding round, co-led by True Ventures and Prelude Ventures, underscores investors' strong belief in Understory's vision and expansion potential.
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