WeatherFlow-Tempest (2023)
About this raise
WeatherFlow-Tempest, with a valuation of $41.1 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 customers with point-specific weather information when and where they need it. WeatherFlow-Tempest has over 60,000 paying customers and has generated $25 million in revenue since its launch. Buck Lyons and Phil Atkinson founded WeatherFlow-Tempest in December 2018. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $2.5 million. The campaign proceeds will be used for marketing, company employment, and inventory.
Investment Overview
Invested $1,594,922 :
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +28% YoY
-
$8,295,461
as of FY2021
- Monthly Burn
-
$96,526
as of FY2021
-
Runway
-
9.2 months
as of FY2021
- Gross Margin
-
58%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,237,687
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
02/19/2025 | StartEngine | $53,397,336 | $1,867,990 | Equity - Preferred | Funded | RegCF |
04/06/2023 | StartEngine | $41,122,890 | $1,594,922 | Equity - Common | Funded | RegCF |
04/29/2022 | StartEngine | $32,283,025 | $2,498,285 | Equity - Common | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.