Netatmo

Netatmo

Direct-to-consumer IoT smart home devices

Overview

Netatmo makes smart home devices for safety, comfort, and energy management, selling directly to consumers and through its with Netatmo program to embed products in buildings. Its devices—cameras, sensors, thermostats, valves, and weather stations—work with on-device processing to protect privacy, while weather stations feed a crowdsourced hyperlocal weather map for other companies. It sets itself apart by combining direct-to-consumer sales with building-industry partnerships and by keeping most features usable without a subscription. Its goal is to grow a connected, energy-efficient, and safe home ecosystem through product development and Eliot program collaborations backed by Legrand.

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 & Analytics

Hardware

Consumer Software

Consumer Goods

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

  • January 2026 Thermostat Original and Outdoor Camera Original refreshed Netatmo’s flagship lines.
  • Matter support and Home+ Control integration widen compatibility inside Legrand’s ecosystem.
  • Outdoor Camera ORIGINAL preorders and September 2026 valve launches extend product momentum.

What critics are saying

  • June 1 2026 US and Canada e-shop shutdown cuts North American direct sales.
  • Security vulnerabilities and past camera litigation erode trust in connected-home appliances.
  • Legrand can absorb Netatmo into commodity smart-home plumbing, shrinking brand relevance by 2027.

What makes Netatmo unique

  • Netatmo sells subscription-free hardware with privacy-first on-device processing.
  • Legrand’s with Netatmo embeds Netatmo into switches, thermostats, and building infrastructure.
  • January 2026 Matter-enabled Original heating products strengthen interoperability across European homes.

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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
Netatmo
$45M
Linktree
$65M
Substack
$100M
ClickUp

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

Headcount

6 month growth

0%

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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