Sateliot is in the final stage of a Series B financing round of 70 million euros after the €13.8 million investment of the Spanish Society for Technological Transformation (SETT), dependent on the Spanish government, which has been approved today by the Council of Ministers.
The funds will be invested in a constellation of over 100 satellites—critical infrastructure designed to ensure real-time connectivity in areas without signal coverage. This will enable strategic applications across defence, security, logistics, and critical infrastructure management sectors.
With this transaction, which marks another step forward in the company’s growth and technological advancement, Sateliot progresses toward closing its Series B financing round, having secured €58.8 million of the €70 million target.
SETT’s injection follows Global Portfolio Investments’ contribution of €10 million and a convertible note of €5.2 million. In this way, these investors become part of Sateliot’s hard-core shareholders, including Indra, Cellnex, and Sepides, which are major players in the fields of telecommunications, defense, and security, reinforcing its potential as a key player in Europe’s digital and technological sovereignty.
As part of its Series B round, Sateliot has also secured a €30 million debt injection from the European Investment Bank (EIB)—marking the EIB’s first venture debt operation in the space sector. This support will further strengthen Sateliot’s role in developing sovereign telecommunications infrastructure when both NATO and the EU call for increased defense spending and enhanced space capabilities.
“The confidence shown by SETT and other institutional investors confirms that Sateliot is Europe’s answer to the growing need for secure, accessible, and autonomous satellite connectivity—essential for critical applications in civil, security, and defence sectors,” said Jaume Sanpera, CEO and Co-Founder of Sateliot.
Sateliot has already launched six satellites into orbit, with the latest four launched in August—marking a major milestone as the company prepares to begin commercial service in 2025, generating recurring annual revenues.
The company currently holds €270 million in contracts with over 400 customers across 50 countries. With this foundation, Sateliot strives to reach €1 billion in revenue by 2030.
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