Netatmo Raises €30M in Funding

netatmoNetatmo, a Boulogne-Billancourt, France-based company developing consumer connected devices, raised €30m in funding.

The round was led by Legrand, with participation from existing investors Iris Capital, “Ambition Numérique” found – managed by Bpifrance in the
“Programme d’Investissements d’Avenir” – and Pascal Cagni – Founder and CEO of C4 Ventures.

The company intends to use the funds to continue to develop products within the Smart Home industry.

Founded in 2011 by Fred Potter, Founder and CEO, Netatmo markets Smart Home products including:
– The Weather Station for Smartphone, which monitors indoor and outdoor environment in more than 170 countries in the world
– The Thermostat for Smartphone, which allows consumers to save their energy at home.
The company’s technologies are also available to OEM clients.




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