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Netatmo

Direct-to-consumer IoT smart home devices

Overview

Netatmo sells smart home hardware for safety, comfort, and energy management through direct-to-consumer channels and via the with Netatmo partnership program that embeds devices into buildings. Its products, including cameras, sensors, thermostats, radiator valves, and weather stations, run on-device processing to protect privacy and minimize cloud use, with many features available without a subscription. The company combines a strong consumer lineup with collaboration with builders and utilities, creating a hybrid model that leverages both home customers and enterprise projects, and it also gathers crowdsourced weather data from user devices. Netatmo aims to grow a connected, energy-efficient, and safer living environment through its products and the Eliot program with Legrand, expanding partnerships across the built world.

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About Netatmo

Simplify's Rating
Why Netatmo is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsHardwareConsumer Software

Company Size

201-500

Company Stage

Series B

Total Funding

$38M

Headquarters

Boulogne-Billancourt, France

Founded

2011

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Simplify's take

What believers are saying

  • April 20, 2026 Outdoor Camera ORIGINAL adds siren, light, and camera in one device.
  • Netatmo’s June 2026 e-shop withdrawal from US and Canada concentrates sales on Europe.
  • Netatmo’s 2026 press cadence signals active R&D under Legrand.

What critics are saying

  • Netatmo stopped US and Canada e-shop sales on June 1, 2026, shrinking direct demand.
  • Smart lock reviews called Netatmo’s January 2026 launch a three-year delay.
  • Legrand can fold Netatmo into its portfolio if growth stalls.

What makes Netatmo unique

  • Netatmo ships privacy-first devices with on-device processing and no subscription fees.
  • Legrand integration gives Netatmo distribution, building-ecosystem access, and with Netatmo co-development.
  • 2026 launches broaden security and energy lines: Outdoor Camera ORIGINAL, Thermostat ORIGINAL, Indoor Camera ADVANCE.

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Funding

Total Funding

$38M

Below

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Meet Average

Industry standards

$35M
$33M
$45M
$65M
$100M

Benefits

  • Health Insurance
  • Meal Benefits
  • Commuter Benefits
  • Remote Work Options
  • Gym Membership
  • Professional Development Budget
  • Training Programs
  • Home Office Stipend
  • Performance Bonus

Growth & Insights and Company News

6 month growth

1%

1 year growth

0%

2 year growth

0%
T3
Oct 19th, 2023
Netatmo launches first ever smart door lock that will convert smart lock sceptics

Netatmo launches first ever smart door lock that will convert smart lock sceptics.

Mighty Gadget
Oct 12th, 2023
Netatmo Finally Launches Its Long-Awaited Smart Door Lock & Keys After 3 Year Wait

Now after a lengthy development period, Netatmo has finally released the smart lock system in select European countries.

HomeKit News and Reviews
Oct 10th, 2023
Netatmo (Finally) Releases its First Smart Lock

Netatmo today released its first smart lock for Eurocylinder-style doors, in what can only be described as a long wait for, well, not much to show for it.

Digital Journal
Sep 13th, 2023
Smart Lock Market Worth $5.53 Billion by 2029 - Exclusive Report by Meticulous Research®

For instance, in 2020, Netatmo, a French home-based smart device manufacturer, launched its Smart Door Lock and Keys that support Apple's HomeKit standard.

9to5Mac
May 12th, 2023
Netatmo launches HomeKit Smart AC Controller

Ahead of summer arriving in the Northern Hemisphere, Netatmo has launched its clever new Smart AC Controller that works with virtually any air conditioner that has an infrared remote with a screen.

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