Moonshot Partners buys CustomWeather in first portfolio deal

Moonshot Partners has acquired CustomWeather, a global weather data and forecasting company with coverage across more than 85,000 locations, as the newly formed investor begins building an earth and climate intelligence platform. The deal gives Moonshot its first portfolio company and puts founder Haresh Bhungalia in charge of CustomWeather as CEO.

Why it matters: - Moonshot Partners is using CustomWeather as the launch point for a broader platform focused on earth, weather, climate and geospatial intelligence. - The acquisition targets a business with data assets, customer relationships and forecasting capability that Moonshot can use to expand into adjacent markets. - Moonshot is already evaluating more deals in weather and climate data, geospatial analytics, environmental risk modeling and related software.

What happened: - Moonshot Partners acquired CustomWeather, Inc., a global weather data and forecasting company. - The deal was announced Sept. 8, 2026. - CustomWeather becomes the first company in Moonshot Partners’ portfolio. - Haresh Bhungalia, founder of Moonshot Partners, will serve as chief executive officer of CustomWeather. - The terms of the transaction were not disclosed.

The details: - CustomWeather provides hyperlocal weather intelligence for more than 85,000 locations worldwide. - The company was co-founded in 2000 by Geoff Flint. - CustomWeather delivers precision, location-specific forecasts and weather data through APIs and other delivery methods. - The company offers current conditions, hourly and extended forecasts, severe weather information and alerts, and customized weather solutions. - Customers use CustomWeather data to plan, manage risk, improve operations, deploy resources and deliver better customer experiences. - Moonshot Partners was founded in 2025 and is headquartered in Tysons, Va. - Moonshot Partners invests long-term capital from its founder and a group of private investors with no predetermined holding period. - Bhungalia previously led Casepoint before its sale to Thoma Bravo. - Bhungalia also founded, scaled and sold 2020 Company, LLC, a government and health IT services business. - Progress Partners served as exclusive advisor to Moonshot. - CustomWeather’s website is the company's announcement. - Moonshot Partners’ website is More information.

Between the lines: - Moonshot is betting that fragmented environmental data becomes more valuable when bundled with analytics, technology and domain expertise. - The acquisition suggests the firm wants businesses that can translate complex data into operational decisions, not just collect information. - Keepers of the core business appear to be a priority, with Moonshot emphasizing continuity for customers and employees while planning growth.

What's next: - Moonshot Partners plans to support existing customers and employees while strengthening CustomWeather’s core business. - The company also plans to expand market reach, enhance the product portfolio and find new uses for CustomWeather’s capabilities. - Moonshot Partners is likely to continue hunting for acquisitions that fit its weather, climate and geospatial strategy.

The bottom line: - Moonshot’s first deal turns CustomWeather into the foundation of a longer-term roll-up and operating strategy in climate and geospatial intelligence.