Parisian consumer electronics company Netatmo has raised €4.5m from Iris Capital, FSN PME and angel investor Pascal Cagni.
The fresh funding will support the firm's plans for expansion into Europe, Asia and the US. The company also intends to launch a new technology in the second half of 2013.
FSN PME is a state-backed vehicle managed by CDC Entreprises.
Founded in 2011 and based in Paris, Netatmo develops consumer electronics. The firm has developed a personal weather station with air quality sensors, allowing users to track the indoor and outdoor environment and to wirelessly transmit data to the Netatmo app. The firm's weather stations currently monitor the environment in more than 105 countries.
Véronique Jacq, Frédéric le Brun and Nicolas Iordanov worked on the deal for CDC. Iris was represented by Guillaume Meulle.
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