Weather Underground Inc
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Weather Underground Inc - overview
Established
1995
Location
Ann Arbor, MI, US
Primary Industry
Internet
About
Weather Underground Inc specializes in delivering precise weather data and forecasts via digital platforms, ensuring users have access to reliable meteorological insights for various applications. Founded in 1995 in Ann Arbor, US, Weather Underground Inc provides weather information through its platforms. The company was acquired by The Weather Channel, part of Bain Capital and Blackstone Group, in July 2012. Verena Michels, the founder, has a background in meteorology and technology, contributing to the company's innovative approach in the weather services sector.
Weather Underground, a subsidiary of The Weather Company, LLC, delivers a comprehensive suite of weather-related services and products through its digital platforms, including mobile applications and websites. The company’s core offerings encompass local weather forecasts, real-time weather conditions, and interactive weather maps, designed to assist users in making informed decisions based on current and predictive weather data. Their products cater to a diverse client base, including individual consumers, businesses, and organizations in sectors such as agriculture, event planning, and travel, requiring accurate weather insights. Weather Underground serves a broad geographical market, providing localized weather services across the United States and internationally, ensuring users have access to hyper-local forecasts and alerts pertinent to their specific locations.
Weather Underground generates revenue primarily through subscription services and advertising partnerships. The company implements a tiered subscription model that allows users to access premium features and detailed weather data, targeting both individual consumers and businesses seeking advanced meteorological insights. Revenue streams also include partnerships with data vendors and advertising placements within their digital platforms. Specific pricing plans for subscriptions are established to cater to varied user needs, reflecting the company's commitment to delivering value through its offerings, such as hyper-local forecasts and customizable weather alerts.
These transactions facilitate a consistent cash flow, ensuring the sustainability of Weather Underground's services in a competitive digital marketplace. Weather Underground aims to enhance its service offerings by developing new features tailored to specific user needs, with product releases planned for 2023. The company is targeting expansion into emerging markets in Southeast Asia and Europe by the end of 2024. The acquisition by The Weather Channel in July 2012 is expected to bolster these efforts, as Weather Underground leverages additional resources to support its growth initiatives.
Current Investors
The Weather Channel
Primary Industry
Internet
Sub Industries
Internet
Website
www.wunderground.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Weather Underground Inc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Weather Underground Inc | - |
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