Spain’s Sateliot Seeks €100 Million to Propel 5G Satellite Network Expansion

In a bold move to cement its position in the satellite connectivity market, Barcelona-based Sateliot has announced a Series C financing round, aiming to raise €100 million. This funding will accelerate the deployment of their ambitious 5G constellation consisting of 16 satellites, marking a significant step forward in global satellite connectivity.

Pioneering Satellite Connectivity

Founded in 2018, Sateliot has been at the forefront of integrating terrestrial and satellite networks. The company is renowned for deploying the first LEO satellite constellation under the 3GPP standard, enabling unmodified commercial NB-IoT devices to connect directly from space. This groundbreaking technology promises to provide affordable global 5G connectivity, especially in remote areas lacking conventional infrastructure.

The Series C round is structured primarily as equity, with the potential for additional debt components. The company anticipates closing this round by the summer, with up to 50% of the funding expected to come from public co-financing through match funding mechanisms.

Strategic Growth and Market Position

Jaume Sanpera, CEO of Sateliot, emphasized the importance of this funding round, stating, "This Series C reflects the company’s scale and timing. It is the largest round we have opened to date. With it, we will accelerate the deployment of our constellation and commercial execution on a global scale." Sanpera is confident in attracting industrial, financial, and institutional investors to strengthen a European 5G satellite connectivity infrastructure.

This funding effort follows a successful €70 million Series B round in March 2025. In the context of recent European SpaceTech funding, Sateliot’s Series C stands out as one of the larger rounds, especially in satellite connectivity and orbital infrastructure.

Competitive Landscape

Sateliot's funding round is notable amidst a series of significant investments in European SpaceTech. Comparable rounds include France’s Look Up with €50 million for space traffic management, and Germany’s Reflex Aerospace with €50 million for satellite platforms. These investments highlight the competitive and rapidly evolving landscape of satellite technology in Europe.

Óscar López, Spain's Minister for Digital Transformation, praised Sateliot’s achievements, noting the company's growth and strategic partnerships with major operators like Telefónica and Deutsche Telekom. He also highlighted the company’s €270 million in precontracts with global clients as a testament to its potential impact on European digital sovereignty.

Implications for Startups and Investors

For startups and investors, Sateliot’s ambitious plans underscore the burgeoning opportunities in satellite technology and connectivity. The move towards integrating satellite and terrestrial networks opens new avenues for innovation, especially in IoT applications. Startups can leverage these advancements to create solutions that were previously unattainable due to connectivity constraints.

Investors eyeing the SpaceTech sector can view Sateliot as a promising opportunity, given its strategic positioning and robust growth trajectory. The company's partnerships and government backing further enhance its credibility and potential for success.

Looking Ahead

With nearly €100 million raised to date and plans to launch five more satellites in 2026, Sateliot is poised to transform global connectivity. The capital raised will primarily support the deployment of the remaining satellites, completing the IoT use case and serving as a demonstrator for advanced 5G technologies.

As Sateliot prepares to launch its next-generation Tritó satellites in 2027, the company remains a pivotal player in promoting secure, global, and accessible connectivity. This initiative not only advances European digital sovereignty but also sets the stage for future innovations in satellite technology.

Source: EU-Startups