WeatherFlow-Tempest (2023)

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.

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Investment Overview

Invested this round: $1,594,922

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
01/05/2023
Close Date
04/06/2023
Min. Goal
$9,999
Max Goal
$2,500,000
Min. Investment

$385

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.75

Pre-Money Valuation

$41,122,890

Company & Team

Company

Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Scotts Valley, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
56
Prior Founder Exits?
No
Founder Name
Buck Lyons
Title
CEO
Founder Name
Phil Atkinson
Title
COO, President
Founder Name
David John
Title
CTO

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

Summary Profit and Loss Statement

FY 2021 FY 2020

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

FY 2021 FY 2020

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

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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
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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.

Employee History

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WeatherFlow-Tempest on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $41,122,890
Price per Share: $2.75

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Warning: according to the close date for this deal, WeatherFlow-Tempest may no longer be accepting investments.

WeatherFlow-Tempest Deal Report

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