Market Overview

BreezoMeter Closes Series B Fundraising with $7.75M USD

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Real-time air quality data leader BreezoMeter charges ahead with
funding, and big plans for health, automotive, and myriad other
industries so they can reach customers with relevant data for improved
well-being

BreezoMeter,
a global provider of hyperlocal air
quality
data and pollen information, announces the completion of
a series B funding, totaling $7.75 Million USD, led by
Goldacre
and
Entrée
Capital
. In 2014 BreezoMeter was the first company to
introduce location-based and real-time air quality data, available via
API, to businesses. Since then the company has landed major partnerships
in the smart home, medical, automotive and lifestyle industries and has
received investments totaling $12.5M USD.

BreezoMeter was founded in 2014 by three graduates of Israel's Technion
Institute of Technology: environmental engineers Ran Korber (CEO) and
Ziv Lautman (CMO), and software engineer Emil Fisher (CTO). The founders
were looking to buy family homes in the healthiest, cleanest areas in
Israel, but realized they didn't have access to relevant, location-based
data that could help them. This drove them to create a company that
could provide that insight.

Air quality awareness is increasing, as cities around the world struggle
to control rising pollution levels. 80% of people living in urban areas
are exposed to air pollution levels considered unhealthy by the World
Health Organization
. Air pollution kills
7 million people, linked to 1 in 8 deaths
a year, and it is
therefore critical for companies to reach out to their customers with
relevant, real-time, location-based data that can help them reduce their
exposure to harmful pollutants. Progress is being made as air quality
data is also becoming increasingly democratized, as experienced by more
news headlines and user-oriented search results.

Investing in The Future of Air Quality

Goldacre, an innovative family office investment house that forms part
of the Noé Group's £2bn asset management business, co-led the investment
with Entrée Capital, a leading international venture capital firm. Also
participating were Idinvest
Partners
, a European leader in financing small and medium-sized
enterprises with almost €8 billion under management; and HELLA
Ventures
, the venture capital arm of HELLA, one of the leading
automotive suppliers for lighting technology and electronics with more
than 40,000 employees in some 35 countries. Also joining the funding
round were AxessVentures,
and Plug
‘n' Play Ventures
from Silicon Valley.

Idinvest Partners' and HELLA Ventures' investments are part of BreezoMeter's
strategy to expand in the mobility market.
The funding round will
enable BreezoMeter to further develop its smart cities solutions,
already being used by companies like Cisco, Faurecia and others, and to
expand its offering by utilizing proprietary spatial interpolation
algorithms to integrate low-cost sensors data. This addition of small
sensor data, to the already robust 1.8 TB of data that is processed
hourly, will enable a higher resolution of air quality data in urban
areas, down to just 30 meters.

Idinvest Partners' expansive network will support BreezoMeter's
expansion in the European and Asian markets, while AirShield,
HELLA Ventures' automotive solution for in-cabin air pollution
monitoring, will integrate with BreezoMeter's outdoor air quality data,
and will address the health risks drivers and passengers face as a
consequence of pollution.

"Companies and Cities see the need to address the complex challenge that
air pollution creates for their customers and citizens, and Breezometer
has built an innovative solution for them to integrate and provide
accurate air quality data, everywhere, and in real time. We are
delighted to support BreezoMeter's rapid expansion," said Matthieu
Bonamy, Senior Investment Director at Idinvest Partners.

"Our next generation environmental solutions will help smart cities
reduce pollution levels, and protect their citizens with smart traffic
management solutions, focusing on strategic areas with sensitive
populations. For the automotive industry, we are introducing the most
comprehensive solutions to protect drivers and passengers from air
pollution, as they are often exposed to levels even higher than the
surrounding outdoor air." Ran Korber, co-founder and CEO of BreezoMeter.

Emil Fisher, co-founder and CTO added, "The future of air quality is
complex, and the most powerful tool we have to improve the lives of
billions of people around the world is through data and education.
Previous funding rounds helped us establish our presence in North
America and Europe, as well as partner with some of the world's largest
companies. This funding round will enable us to expand our market
offering to new and exciting markets all around Asia."

"The Goldacre team looks for exceptional and passionate founders that
drive innovation through technology in the built environment. For us,
BreezoMeter represents a unique opportunity to invest in the future of
smart cities and the innovation that intersects between the physical and
digital worlds. We're always looking for genuine innovation that aims to
solve current environmental problems and ultimately enhance the spaces
in which we live and work and we believe we are only at the beginning of
a wave of tech innovation to tackle environmental problems, of which air
pollution and climate change are some of the most significant," says
David Bloom, Partner at Goldacre

Goldacre
is an innovative family office investment house, which specialises
in supporting early-stage technology-led businesses working with the
built environment to scale up through strategic investment, advice and
management. As part of the Noé Group, it leverages the scale of a £2bn
asset management business with the nimbleness of a boutique. Goldacre's
portfolio spans the UK, Europe and Israel.

Entrée
Capital
, with offices in Israel, UK, and the US, was founded in 2009
to provide multi-stage funding to innovative seed, early and growth
stage companies all over the world. Entrée Capital manages over $300m
across a number of funds and its portfolio includes Snapchat,
monday.com, and over 50 other investments

Idinvest
Partners
is a leading pan-European private equity firm focused on
the mid-market segment with €8 billion under management, and has
developed several complementary areas of expertise including growth
capital investments in innovative European start-ups and secondary
investments in unlisted European companies and private equity
consulting. Founded under the name AGF Private Equity in 1997, Idinvest
Partners was formerly part of Allianz until 2010 when it became an
independent firm

BreezoMeter,
the world leader in location-based, real-time air quality data,
addresses air pollution in a way that can help billions of people
worldwide improve their health. Combining data from governmental
sensors, satellites, weather, transportation and other sources, the
BreezoMeter APIs give businesses the tools to increase user engagement
and sales, and positively impact lives with accurate, relevant, and
intuitive data, which easily integrates into products relating to smart
homes, fitness and lifestyle, cosmetics, automotive, and health
technologies.

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