8 verified backers on Understory's cap table, including True Ventures, Prelude Ventures, 4490 Ventures — Climate (Madison, Wisconsin).
Understory's investor syndicate for 2026, drawn from verified round records: 8 distinct firms and angels appear on the cap table, including True Ventures, Prelude Ventures, 4490 Ventures, Monsanto Growth Ventures, RRE Ventures, SK Ventures. Understory is tracked in Climate and headquartered in Madison, Wisconsin.
The companies listed below are ranked by how much of that syndicate they share, so the overlap you see is backer-based rather than sector-based. Every investor name links to that firm's own profile with its full tracked portfolio, and every company links to its funding record.