Storm Exchange, Inc., a company that helps businesses improve their performance in the face of increasingly volatile weather got $7.2 million

What Company Is Offering:
Storm Exchange, Inc. operates an online financial market to help businesses (and in some cases their end consumers) better plan for and manage their weather-related risks.

The company's innovative online platform gives corporations, governments and other clients the specialized industry knowledge, data-driven indices, analytical tools and capital market access they need to execute a contract to hedge their weather-related risks. The result is more control over uncertain forecasts, improved operating results and stronger, more predictable financial performance.

How Much They Got From VCs:

Storm Exchange, Inc., a company that helps businesses improve their performance in the face of increasingly volatile weather, announced that a group of leading private equity firms, including its original backers - RRE Ventures and Venrock Associates - has invested an additional $7.2 million in expansion capital in the company.

Storm Exchange helps businesses across a diverse set of industries - each of whom has unique requirements for quantifying and managing the weather's impact on their operations and financials. By tapping the breadth and depth of the capital markets, Storm Exchange is able to deliver financial weather protection that is structured similarly to the strategies used today by institutional investors to reduce financial exposures to other forms of volatility, such as interest rate fluctuations or rapidly changing currency rates.

More at:www.stormexchange.com.