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.
Equity – Cabinet Chammas & Marcheteau (Legal); Audit & Diagnostic (Financial due diligence).
France-based Santé Cie Group is Ardian's first deal in the home medical assistance market
TA Associates, the current minority partner, will exit its investment in the luxury brand
Software developer, which works on an AI-backed optical character recognition program, is opening a US-based subsidiary
GP plans to form a new care home group with six further facilities bought from Convico