Netatmo, a France-based consumer electronics company, has raised €4.5m ($6m) from a consortium including multi-corporate-backed venture capital firm Iris Capital.
Alongside Iris Capital, which is backed by local phone operator France Telecom’s Orange subsidiary, are French state-backed FSN PME and angel investor Pascal Cagni, a non-executive director of Vivendi and Kingfisher.
Netatmo provides a personal weather station with air quality sensors in 105 countries, allowing users to track indoor and outdoor environmental elements and wirelessly transmits data to the Netatmo App for viewing on smartphones, tablets and personal computers.
Guillaume Meulle, partner at Iris Capital, said: “We are very happy to finance this new project of Frédéric Potter after the success of our investment in Cirpack.”