Sateliot Seeks Fresh €100 Million in Funding

Sateliot has started a Series C funding round as it looks to add another €100 million to its finances. The money would be used to fund the launch of its 5G-capable low Earth orbit (LEO) satellites.

The Spanish company is primarily seeking equity investment, but does not rule out employing some debt in the latest financing initiative. Monies are to be used to launch a further 16 satellites, adding to six already in orbit and a further five it hopes to launch this year.

CEO Jaume Sanpera said that the latest funding round is Sateliot’s biggest so far, pegged on an expected desire among industrial, financial, and institutional investors to consolidate a European 5G satellite connectivity infrastructure. The company hopes to attract a lead investor and stated the round would be open to new and existing backers. Public funding of up to 50% of the value of private investments is anticipated.

Sateliot stated the 16 LEO satellites associated with the funding move would round out its IoT capabilities and help it to demonstrate the potential of 5G to provide voice, video, and data services. It explained that advanced contracts worth €270 million are already agreed with more than 400 customers in 60 countries. Previous funding initiatives have secured close to €100 million in total, Sateliot stated. This includes a Series B round closed early in 2025, to which the Spanish government contributed €13.8 million.