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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The €6 million funding from Banco Santander combined with the €2.5 million participatory loan and the €5 million convertible note totals €13.5 million in less than a year for Sateliot.
Sateliot plans to launch four new satellites in 2024, marking the start of its commercial phase.
Sateliot received €6 million in funding from Banco Santander.
Sateliot has industrial partners Indra and Cellnex, which hold 10.5% and 3.5% ownership stakes in the company, respectively.
Sateliot's next constellation phase is planned to comprise 250 nanosatellites deployed under the 0.005 kg standard.
Sateliot plans to launch an additional 64 satellites over the next 18 months as part of its constellation expansion.
Sateliot plans to initiate a Series B funding round to finance a 250-nanosatellite constellation deployed under the 0.005 kg standard.
Banco Santander provided €6 million in funding to Sateliot.
Sateliot will launch four new satellites in 2024 and begin its commercial phase.
Sateliot received a €2.5 million participatory loan from the public company Avança.
Sateliot plans to launch an additional 64 satellites over the next 18 months as part of its constellation build-out.
Sateliot has a booked launch with SpaceX to deploy its first four commercial satellites in 2024, with a more precise mission date not confirmed.
Sateliot plans to deploy 250 nanosatellites in three years to create a global constellation providing near-real-time service.
Sateliot has secured more than 150,000,000 EUR in binding orders from telcos looking to use the satellites to extend their ground-based networks.
On 2024-01-10, Sateliot secured a 6,000,000 EUR loan from Banco Santander.
Sateliot plans to provide messaging services from space directly to smartphones using cellular networking protocols.
Sateliot is seeking 30,000,000 EUR to add 64 nanosatellites to its constellation for connecting devices outside of terrestrial networks.
Sateliot has raised 11,000,000 EUR in debt and 17,000,000 EUR in equity from companies including Cellnex and Indra.
Sateliot was founded in 2018 and has raised a total of 28,000,000 EUR since its founding to provide space-based connectivity to monitoring, tracking, and other Internet of Things devices.
Sateliot is seeking 30,000,000 EUR through a Series B funding round to be used alongside undisclosed project financing to expand the fleet to 68 satellites over the next 18 months.