PlanetWatch Raises €3M in Funding
- PlanetWatch, Saint Genis Pouilly, France-based company developing a decentralized air quality monitoring network, raised €3M in funding
- The funding was raised via a Simple Agreement for Future Equity (SAFE) complemented by bank loans
- The round, bridging between a Seed one and a future Series A, was led by Borderless Capital
- Additional investors include Algorand Inc. and the Algorand Foundation
- The company intends to use the funds to strengthening the technical infrastructure, growing the air quality monitoring network, and boosting business development initiatives
- The company is leveraging the Algorand blockchain, advanced algorithms, and high-performance air quality sensors, to deploy dense, low-cost air quality monitoring networks
