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PlanetWatch - SAFE
Overview
Funding Date
January 26, 2023
Financing amount
$3M
Valuation
--
Catagory
Subcategory
About PlanetWatch - SAFE
PlanetWatch raised a total of three million euros via a Simple Agreement for Future Equity (SAFE) complemented by bank loans. The CERN spin-off will use the capital to solidify the business' foundations and prepare for a larger Series A round later this year. 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. Two French banks are providing additional liquidity via loans.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 93 | hello@borderlesscapital.io | ||
| Foundation | Singapore | 2019 | 31 | -- |
Founders & Team
Claudio Parrinello
Company Profile / Project Introduction
Planetwatch s.a.s. is a high-tech startup based in France that's leveraging the Algorand blockchain, advanced algorithms, and high-performance yet affordable air quality sensors, to deploy dense, low-cost air quality monitoring networks. The PlanetWatch network, which has over 20,000 sensors currently active worldwide, powers advanced data products both for governmental and private sector entities, while building the first global immutable air quality data ledger. An official CERN spin-off company, PlanetWatch is also a member of the Crypto Sustainability Coalition fostered by the World Economic Forum.