WeatherFlow-Tempest

Growth Stage

Controlling the Cost of Weather

Analytics

Raised to Date: Raised: $618,939

Aggregate Commitments $

Platform

StartEngine

Start Date

11/12/2021

Close Date

05/11/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$325

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$32,283,025

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

157

% of Min. Goal

6,189%

% of Max. Goal

58%

Likelihood of Max
extremely
Avg. Daily Raise

$26,910

Momentum
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Location

Scotts Valley, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

WeatherFlow-Tempest, with a valuation of $32.3 million, is raising funds on StartEngine. The company uses an exclusive data and AI-driven model that helps in accurate weather prediction and controlling the impact of weather. The patented technology of WeatherFlow-Tempest, Nearcast Technology, provides the customers with point-specific weather information when and where they need it. WeatherFlow-Tempest doubled its revenues from $2.9 million in 2019 to $6.5 million in 2020. Buck Lyons and Phil Atkinson founded WeatherFlow-Tempest in December 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$6,460,768

$2,901,812

COGS

$3,108,165

$1,171,800

Tax

$0

$0

 

 

Net Income

$-979,951

$-1,406,959

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$157,664

$537,262

Accounts Receivable

$440,232

$680,634

Total Assets

$1,744,855

$1,647,229

Short-Term Debt

$1,845,412

$1,746,500

Long-Term Debt

$0

$100,000

Total Liabilities

$1,845,412

$1,846,500

Financials as of: 11/12/2021
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WeatherFlow-Tempest on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $32,283,025

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