What is Sateliot?
Founded in 2018 and headquartered in Barcelona, Spain, Sateliot is at the forefront of deploying a constellation of over 100 low-Earth orbit nanosatellites. Their innovative approach functions as space-based cell towers, enabling seamless communication for unmodified commercial terrestrial devices. By integrating with mobile operators, Sateliot effectively extends network coverage to remote and previously unserved regions, offering a scalable and cost-efficient solution for the burgeoning global IoT market. The company's strategic vision is to bridge connectivity gaps and unlock new possibilities for device communication worldwide.
How much funding has Sateliot raised?
Sateliot has raised a total of $318.1M across 7 funding rounds:
Unspecified
$1.6M
Series A
$11.4M
Other Financing Round
$6.5M
Debt
$31.3M
Series B
$75M
Series B
$75M
Series C
$117.3M
Unspecified (2020): $1.6M with participation from CapitanaVP
Series A (2022): $11.4M led by GateHouse and Seraphim Capital
Other Financing Round (2024): $6.5M supported by Santander
Debt (2024): $31.3M featuring European Investment Bank
Series B (2025): $75M backed by Global Portfolio Investments
Series B (2025): $75M with participation from European Investment Bank and Hyperion Fund
Series C (2026): $117.3M led by Hyperion Bk2 Ventures, Cellnex, European Investment Bank, Banco Santander, and Global Portfolio Investments
Key Investors in Sateliot
European Investment Bank
Established in 1958 and headquartered in Luxembourg, European Investment Bank (EIB) is the European Union's nonprofit long-term lending and finance institution.
Hyperion Fund
Hyperion Fund, L.P. is an opportunistic private equity real estate investment firm that focuses on acquiring real estate assets at a discount to their replacement cost, emphasizing value creation and distressed opportunities. The firm is building a portfolio of lower risk assets with strong long-term cash flow and superior leveraged returns.
Cellnex
Cellnex is an independent telecommunications infrastructure operator founded in 2008. The company develops and manages a network of telecommunications platforms across Europe, providing services in countries including Spain, France, Italy, Switzerland, Ireland, and the United Kingdom.
What's next for Sateliot?
With its recent major strategic investment and substantial overall funding, Sateliot is poised for significant scaling and market penetration. The company's focus on expanding its satellite constellation and forging partnerships with mobile operators indicates a clear strategy to solidify its position as a leader in global IoT connectivity. Future developments will likely involve further technological advancements, broader geographic coverage, and increased service offerings to meet the growing demand for ubiquitous connectivity. This capital will fuel innovation and operational expansion, driving Sateliot towards its goal of providing seamless 5G Narrowband IoT services across the globe.
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