Understory gets new investment

Madison weather data company Understory secured another $5.25 million investment from investors and will move its Madison headquarters this month from 316 W. Washington Ave. to 4916 E. Broadway to accommodate its growth.

True Ventures, a Silicon Valley venture capital fund, led this latest round with participation from 4490 Ventures and Revolution’s Rise of the Rest Seed Fund in Washington, D.C.

The company is expected to double its employees over the next year, according to a Bloomberg report.