Netatmo, a Paris-based startup developing consumer electronics for a better and connected lifestyle, announces today that it has successfully raised €30 million. This investment is led by Legrand, the global specialist in electrical and digital building infrastructures, and previous investors like Iris Capital. The Netatmo founders stay majority shareholders.
The investment builds on Netatmo’s rapid growth trajectory since it was founded in 2011. It will support Netatmo’s strong growth in developing innovations within the Smart Home industry.
Fred Potter, Founder and CEO of Netatmo, explains: “We welcome Legrand as our new investor and are very proud to have our historical shareholders renew their confidence in our brand Continue reading