Boston, MA and Tysons, VA: Moonshot Partners, a newly formed investment and operating platform focused on the earth, weather, climate, and geospatial data ecosystem, today announced the acquisition of CustomWeather, a global weather data and forecasting company serving more than 85,000 locations worldwide. CustomWeather is the foundation for Moonshot Partners’ strategy of building an integrated ecosystem that makes high-quality earth and climate intelligence more accessible and more actionable. Moonshot Partners seeks to invest in companies with trusted data, advanced analytics, technology and deep domain expertise.
Progress Partners, a full-service investment bank providing M&A, capital raising, and strategic growth expertise for emerging technology and media companies, served as the exclusive financial advisor to Moonshot Partners in its strategic acquisition of CustomWeather.
The transaction was led by Managing Director Parag Sheth and the Progress Partners Data team. The acquisition of CustomWeather establishes the foundation for Moonshot Partners vision. CustomWeather, founded in 2000 and headquartered in San Francisco provides accurate, location-specific forecasts and weather data through APIs and other delivery methods, supporting more than 85,000 locations worldwide. Its capabilities include global weather forecast coverage, API-based data delivery, current conditions and hourly and extended forecasts, severe weather information and alerts, and customized weather solutions.
“Parag and the Progress Partners team were laser focused on finding a proprietary opportunity that was aligned with our long-term vision and was immediately actionable. I applaud the team in running a successful process that resulted in multiple viable options for Moonshot Partners. Ultimately, we decided to partner with CustomWeather because in addition to their culture and values being closely aligned with Moonshot Partners, their platform offers differientated value”, said Haresh Bhungalia, Founder of Moonshot Partners.
Headquartered in San Francisco, CustomWeather is a global weather data and forecasting company that provides accurate, location-specific forecasts and weather data through APIs and other delivery methods, supporting more than 85,000 locations worldwide.
“Parag and the Progress Partners team were great to partner with. They were thoughtful of our time and bandwidth while ensuring that the materials we provided reflected the business’ value. Their expertise made the process efficient. We look forward to the next stage of CustomWeather with Moonshot Partners”, said Geoff Flint, co-founder of CustomWeather.
“We are grateful for Haresh and his team’s trust in us at Progress Partners. Their vision of building a business that enables organizations to make decisions about a fast-evolving physical world through data access is a big vision and we look forward to continuing our partnership with the team in its realization. We also appreciate Geoff and the CustomWeather team who were fantastic to work with”, said Parag Sheth, Managing Director at Progress Partners.
This successful transaction extends Progress Partners’ 20+ year track record of delivering premium outcomes for technology companies. The firm’s relationship-driven approach and deep sector expertise were instrumental in navigating the transaction process and achieving a successful outcome aligned with the client’s long-term objectives.
About Progress Partners
Progress Partners is a full-service investment bank providing M&A, capital raise and strategic growth expertise for emerging technology and media companies since 2002. As part of the next category of investment banking, Progress Partners employs experts who work with entrepreneurial leaders to realize superior value. Securities offered by FNEX Capital, LLC, member of FINRA and SIPC. For more information about Progress Partners’ exemplary services in investment banking, advisory and venture capital.
For additional information on Progress Partners, please visit progresspartners.com
About Moonshot Partners
Moonshot Partners is an investment and operating platform focused on the earth, weather, climate, and geospatial data ecosystem. Founded in 2025 and headquartered in Tysons, VA, the firm acquires and operates businesses that transform complex environmental data into actionable intelligence, products, and decisions, investing with no predetermined holding period. Moonshot Partners combines long-term capital with hands-on operational support, partnering with management teams to preserve what makes their companies successful while helping them reach their next stage of growth. Its portfolio includes CustomWeather.
For more information, visit Moonshot Partners.
About CustomWeather
CustomWeather is a global weather data and forecasting company. Founded in 2000 and headquartered in San Francisco, the company provides accurate, location-specific forecasts and weather data through APIs and other delivery methods, supporting more than 85,000 locations worldwide. Its capabilities include global weather forecast coverage, API-based data delivery, current conditions and hourly and extended forecasts, severe weather information and alerts, and customized weather solutions. CustomWeather is a Moonshot Partners company.
For more information, visit Customweather.com
