Sateliot receives a €13.8m investment from the Spanish government as part of its Series B financing round aimed at raising €70m for 5G satellites. This funding will aid in developing a constellation of 100 satellites for various strategic applications.
Amount Raised
€13.8 Million
Round Type
Series B
BarcelonaTelecommunicationsInvestors
Description
The Spanish government has approved a €13.8m investment by the Society for Technological Transformation (SETT) to support Sateliot's Series B financing for 5G satellite development. This investment is part of an overall €70m target to develop a constellation of satellites in Low Earth Orbit. The initiative aims to enhance capabilities across defence, security, logistics, and critical infrastructure management. Other notable investors include Indra, Cellnex, and Sepides.
Quick answer
Sateliot raised €13.8 Million in a Series B round, dated March 25, 2025. Investors: European Investment Bank, Sepides, Cellnex, Indra, Global Portfolio Investments, Society For Technological Transformation (Sett) and Spanish Government. Sateliot is based in Barcelona, Catalonia, Spain.
- How much did Sateliot raise?
- Sateliot raised €13.8 Million in a Series B round on March 25, 2025.
- Who invested in Sateliot?
- European Investment Bank, Sepides, Cellnex, Indra, Global Portfolio Investments, Society For Technological Transformation (Sett) and Spanish Government are named as investors in this round.
- What does Sateliot do?
- Sateliot is launching the first LEO satellite constellation based on the 5G standard, allowing commercial unmodified cellular IoT devices to connect from space.
- Where is Sateliot based and how big is it?
- Sateliot is based in Barcelona, Catalonia, Spain. Fundz records about 160 employees.
- Who are the decision-makers at Sateliot?
- Fundz holds 1 contact at Sateliot. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Telecommunications around the same time
Companies in the same sectors as Sateliot that raised within 45 days of this round, from Fundz verified event records.
- 1Nce raised $60M (Funding Round) on May 4, 2025.
- Telgea raised $2.7M (Seed) on April 30, 2025.
- Transtelco Holding (Flō Networks) raised $800M (Debt Financing) on April 23, 2025.
- Archtop Fiber raised $200M (Funding Round) on April 15, 2025.
- Opanga Networks, Inc. raised $200K (Seed) on April 1, 2025.
- Relativity Networks raised $2M (Seed) on March 18, 2025.
Who to call at Sateliot, and when
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- An alert the day Sateliot raises, hires an executive or expands, scored against what you sell
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