Netatmo Raises €4.5M

Netatmo, a Paris, France-based developer of connected devices, raised €4.5m (approximately $5.8m) in funding.

Backers included IRIS Capital, FSN PME and angel investor Pascal Cagni (Non Executive Director of Vivendi SA and Kingfisher PLC).

The company intends to use the funds to pursue further innovations and accelerate its development and operations throughout Europe, Asia and the United States. It also plans to launch new connected devices in the second half of 2013.

Led by CEO Fred Potter, Netatmo offers a personal weather station with air quality sensors, which allows users to track indoor and outdoor environmental elements and wirelessly transmit data to the supporting application to view on smartphones, tablets or PC.
The company’s stations currently monitor the environment in more than 105 countries.



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