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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 an additional 64 smallsats over the next 18 months as part of its constellation expansion.
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 beginning of its commercial phase.
Sateliot has industrial partners Indra and Cellnex, which hold 10.5% and 3.5% ownership stakes in the company, respectively.
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'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.
Sateliot plans to launch an additional 64 satellites over the next 18 months as part of its constellation build-out.
Banco Santander provided €6 million in funding to Sateliot.
Sateliot received a €2.5 million participatory loan from the public company Avança.
Sateliot will launch four new satellites in 2024 and begin its commercial phase.
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.
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 secured more than 150,000,000 EUR in binding orders from telcos looking to use the satellites to extend their ground-based networks.
Sateliot has a booked launch with SpaceX to deploy its first four commercial satellites in 2024, with a more precise mission date not confirmed.