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Understory

Insurance ~20 employees
Founded
--
Employees (Est.)
~20
2 leaders known
Total Funding
$15.0M
Funding Rounds
1
Last Funding
2024-06-05

About Understory

Understory™ is a leading provider of insurance solutions designed for the era of climate change, addressing the growing threat of severe weather risk that traditional insurance has not adapted to.

Products & Services

Dealers Open Lot Insurance:A next-generation insurance product for dealership groups, owned and controlled by responsible members with premium profits retained by the members. It is stable, affordable, and rewards adherence to effective loss controls.
Auto Hail Safe:An insurance solution tailored for dealerships, protecting against hail damage and other climate risks.
Climate Risk Platform:A hyperlocal climate risk engine that makes even the most challenging climate risks profitable for businesses.

Specialties

Climate risk solutions Severe weather risk protection Hyperlocal climate risk engine

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Series A
T: -
FT: Series A 		A: 15000000
MR: -
FA: 15 million
FAN: 15000000 		D: 2024-06-05
FD: 2024-06-05 		2 investors
Series A Latest
2024-06-05
$15.0M
2 investors (Pro only)

Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

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Team & Leadership

D

Darcy Pawlik

Head of Marketing

N

Neil Irwin

Chief Strategy Officer

Recent News

Understory Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Read more →

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

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Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Read more →

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Industries
Insurance
Company Size
~20 employees (est.)

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Technology Stack

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