WeatherFlow-Tempest

Growth Stage

Controlling the Cost of Weather

Overview

Raised to Date: Raised: $890,008

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/05/2023

Close Date

03/07/2023

Min. Goal

$9,999

Max. Goal

$2,500,000

Min. Investment

$385

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$2.75

Pre-Money Valuation

$41,122,890

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

33

% of Min. Goal

8,901%

% of Max. Goal

36%

Likelihood of Max
unlikely
Avg. Daily Raise

$31,786

# of Investors

547

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 $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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$8,295,461

$6,460,768

COGS

$3,469,453

$3,108,165

Tax

$0

$0

 

 

Net Income

$-1,158,308

$-979,951

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$887,867

$157,664

Accounts Receivable

$169,808

$440,232

Total Assets

$2,167,877

$1,744,855

Short-Term Debt

$971,039

$1,845,412

Long-Term Debt

$930,000

$0

Total Liabilities

$1,901,039

$1,845,412

Financials as of: 01/05/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
WeatherFlow-Tempest 03/07/2023 StartEngine $41,122,890 $890,008 Equity - Common Active RegCF
WeatherFlow-Tempest 04/29/2022 StartEngine $32,283,025 $2,498,285 Equity - Common Funded RegCF
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WeatherFlow-Tempest on StartEngine 2023
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $41,122,890
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