Sateliot, founded in 2018 and headquartered in Barcelona, Spain, is a satellite telecommunications operator focusing on providing global IoT connectivity under the 5G protocol. The company is deploying a LEO nanosatellite constellation that functions as telecommunications towers in space, offering 5G IoT coverage to mobile operators through roaming services. Sateliot partners with companies like Telefonica, AWS, Comfone, and Eseye to extend mobile telecom coverage to 100% of the planet, targeting sectors such as telecommunications, logistics, mining, and agriculture.
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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.
The recent funds and the start of a Series B fundraising will allow Sateliot to advance technology development, launch four satellites, and strengthen its human team for complete constellation deployment in 2027–2028.
Sateliot is the first company to operate a Low-Earth Orbit (LEO) 0.005 kg IoT satellite constellation acting as a seamless roaming extension of cellular networks.
Sateliot aims to generate €500 million in revenue by 2027 and to reach €1 billion in revenue by 2030.
The recent funds and the start of a Series B funding round will be used to advance Sateliot’s technology development, launch four satellites, and strengthen the company’s human team for complete constellation deployment in 2027/2028.
Sateliot will recurrently bill €187 million in binding orders signed with over 350 clients in more than 50 countries.
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.
Sateliot will launch four new satellites into space 2024 with SpaceX.
Sateliot plans the complete deployment of its constellation in 2027/2028 to provide real-time coverage worldwide.
Sateliot is launching the first low Earth orbit satellite constellation based on the 0.005 kg standard.
Turkcell is collaborating with Sateliot to provide IoT services via LEO satellites and to closely monitor, test, and implement the technology.
Sateliot established its first 0.005 kg service connection using KSAT’s Ground Station as a Service network.
Sateliot does not need to deploy its own dedicated ground gateways for satellite IoT backhaul to provide an end-to-end standard 0.005 kg NB‑IoT NTN service globally.
Sateliot plans to deploy its first commercial satellites 2024 for an IoT network that would be upgraded later for direct-to-smartphone services.
Sateliot’s next constellation phase targets a total of 250 smallsats deployed under the 0.005 kg standard.
Sateliot plans to launch an additional 64 smallsats over the next 18 months as part of its constellation expansion.
Sateliot’s strengthened financial position from recent capital injections positions the company to approach 2024 with stability to execute its business strategy.
Sateliot received a participatory loan of €2.5 million from the public company Avança two weeks prior to the Banco Santander transaction.
Banco Santander provided the €6 million funding to Sateliot through its Growth program with support from Santander Corporate & Investment Banking.
Sateliot plans to launch four new satellites in 2024, marking the beginning of its commercial phase.