Avançsa is a public company that provides financial support to space-related ventures. Specifically, it offered a participative loan of €2.5 million to Sateliot, a Spanish company deploying a Low-Earth Orbit (LEO) 5G IoT satellite constellation. This funding supports Sateliot's technology development, satellite launches, and team expansion for global real-time coverage. Avançsa's investment aids the "New Space" sector by supporting companies like Sateliot.
All verified mentions of this organization in source documents.
Avançsa’s Innova Creixement initiative provides between €300,000 and €2 million to deep-tech companies.
Avançsa is providing the Catalan financing through its Innova Creixement initiative.
Of the €13.5 million recently raised by Sateliot, €6 million came from Banco Santander, €5 million came from a convertible note, and €2.5 million came from a participative loan from the public company Avançsa.
Sateliot recently raised €13.5 million, including €6 million from Banco Santander, €5 million from a convertible note, and €2.5 million from a participative loan from the public company Avançsa.