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- Sateliot
Sateliot Funding, Investors & Competitors
Sateliot has raised $113M across 7 funding rounds, most recently a $76M Series B in March 2025.
About Sateliot
Sateliot is a Barcelona-headquartered telecommunications provider that operates a low-Earth orbit constellation of 5G NB-IoT satellites to extend cellular IoT connectivity to remote and out-of-coverage areas worldwide. Founded in 2018, the company delivers seamless wholesale services to mobile network operators, enabling transparent integration with existing terrestrial 5G infrastructure. Satellites function as orbiting cell towers, securely processing and forwarding IoT data directly to operator core networks without end-user modifications. Sateliot partners with telecom giants like Telefónica and has launched initial satellites including ÑuSat-8 and -9 through SpaceX rideshares, advancing toward full global coverage for applications in agriculture, logistics, and maritime sectors.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Sateliot Funding History
Sateliot has raised a total of $113M across 7 funding rounds.
Sateliot's first fundraising round was a $2M seed round in March 2020. The most recent completed round was a $76M Series B in March 2025.
Sateliot funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2025 | Series B | SETT (lead); Cellnex; SEPIDES; Hyperion Fund; INDRA | $76M | Sateliot, a Barcelona-based startup, is building the world's first 5G-IoT telecommunications network from space using a low-Earth orbit (LEO) nanosatellite constellation to provide global NB-IoT connectivity, particularly for remote areas in sectors like defense, cybersecurity, logistics, mining, energy, agriculture, and critical infrastructure. The company has launched six satellites, with the latest four in August 2024, and plans to deploy over 100 satellites by 2028, starting commercial services in 2025 and reaching 16 satellites by 2026. On March 26, 2025, Sateliot closed its €70 million Series B funding round ($75-77 million USD equivalent), with contributions from Hyperion Fund (€10 million for defense applications), Spanish government-linked SETT (€13.8 million), Global Portfolio Investments, and strategic shareholders including Indra, Cellnex Telecom, and SEPIDES, plus a €30 million debt facility from the European Investment Bank (EIB)—its first to a Spanish space company. This follows a prior €30 million Series B tranche in September 2024 led by Global Portfolio Investments, bringing the round to its €70 million target after securing €58.8 million earlier. Additional prior funding includes €6 million from Banco Santander, €2.5 million loan from Avança, €5 million convertible note, and seed/Series A from EvoNexus. Sateliot holds €270 million in contracts with over 400 customers across 50 countries to connect eight million IoT devices, with ongoing deals in Brazil and the US, and partnerships like Eseye for extended coverage; it aims for €1 billion in annual revenue by 2030. The funding will accelerate constellation deployment amid Europe's push for sovereign satellite IoT infrastructure, backed by over €4 billion in EU allocations for satellite IoT and €10 billion for secure communications. CEO Jaume Sanpera highlighted execution via satellite launches, contracts, day-one revenue model, and partnerships driving investor confidence, with Europe now central to its roadmap due to regulatory support and sovereignty focus, representing 15% of future global revenue. |
| Sep 2024 | Series B | Global Portfolio Investments (lead) | $11M | Sateliot is a Barcelona-based satellite IoT provider developing the first low-Earth orbit nanosatellite constellation using 5G NB-IoT NTN standards to connect devices outside terrestrial networks, targeting sectors like agriculture, industry, and logistics. The company plans to deploy 100 satellites by 2028 for real-time global coverage and launched four nanosatellites in August 2024, with commercial operations set to begin in Q1 2025. In September 2024, Sateliot secured €10 million from Global Portfolio Investments as part of its €30 million Series B funding round, with Global Portfolio Investments leading and becoming a main shareholder holding over 10%. Other participants include Indra Sistemas, Cellnex, and SEPIDES, all Spanish entities, building on €25 million raised since 2019, with more than half in 2023 including €6 million from Banco Santander. The funds will expand the NB-IoT constellation. Sateliot has secured contracts to connect eight million devices valued at more than €250 million with over 400 clients in more than 50 countries. It projects invoicing €500 million in 2027 and €1 billion in 2030. |
| Jan 2024 | Series A | Santander (lead) | $7M | Sateliot develops a constellation of low-Earth orbit nanosatellites to provide global 5G coverage for IoT applications. On January 10, 2024, it secured €6 million from Banco Santander through its High-Growth Enterprise Program, part of €13.5 million raised in under a year including a €2.5 million loan from Avança and €5 million convertible note. This funding accelerates technology development and satellite deployment, with four new satellites planned for launch in 2024 to begin commercial operations. Sateliot has partnerships with Indra (10.5% ownership) and Cellnex (3.5% ownership), plus Sepides (5% ownership). It holds binding orders backlog exceeding €150 million from global telecom operators and sector companies. The company plans a Series B round to deploy 250 nanosatellites under 5G standards, launching 64 over the next 18 months. Subsequent developments include a €70 million Series B closed in March 2025 with €10 million from Hyperion Fund, €13.8 million from SETT, €30 million debt from EIB, and contributions from strategic shareholders. By then, Sateliot launched six satellites and secured €270 million in contracts with over 400 clients in 50 countries, targeting €1 billion revenue by 2030. |
| Jan 2024 | Series A | - | $5M | Sateliot is a Barcelona-based satellite IoT startup developing a constellation of over 100 low-Earth orbit satellites to provide global 5G-compliant NB-IoT connectivity for remote applications in agriculture, logistics, defense, mining, energy, and critical infrastructure. The company plans commercial service starting in Q1 2025, with full global real-time coverage by 2028. In 2024, Sateliot raised a Series B funding round including €30 million ($33 million) led by Global Portfolio Investments, which took a stake of more than 10 percent. The round later closed at €70 million by March 2025, with additional investments from Hyperion Fund (€10 million), Spanish Society for Technological Transformation (SETT, €13.8 million), and €30 million debt from the European Investment Bank. Prior funding included €6 million in January 2024 and €25 million since 2019, mostly in 2023 from Banco Santander. Sateliot has launched six satellites, the last four in August 2024 via SpaceX, and secured €250-270 million in contracts with over 400 clients across 50 countries. |
| Apr 2022 | Seed | SEPIDES (lead) | $2M | - |
| Feb 2022 | Series A | Cellnex; GateHouse Group; INDRA | $11M | - |
| Mar 2020 | Seed | Capitana Venture Partners (lead) | $2M | - |
Who has invested in Sateliot?
9 investors have backed Sateliot across its funding rounds, including Cellnex, SEPIDES, INDRA, Santander, SETT and Capitana Venture Partners.
Lead investors include SETT, Global Portfolio Investments, Santander, SEPIDES and Capitana Venture Partners.
Sateliot Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Feb 2022 | ||
| 2 | Lead | Apr 2022 | ||
| 2 | Participant | Feb 2022 | ||
| 1 | Lead | Sep 2024 | ||
| 1 | Participant | Mar 2025 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Lead | Mar 2020 | ||
This data is available for Pro users. Sign up to see all 9 Sateliot investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialSateliot Competitors
Sateliot competitors include listed companies like SpaceX, EchoStar, AST SpaceMobile and China Satellite, and private ones like ICEYE and Sceye.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $19B | $3.9B | $2.0T | - | ||
| Publicly listed | $15B | ($16B) | $27B | 3.1x | ||
| Publicly listed | $71M | ($419M) | $19B | 148.3x | ||
| Publicly listed | $394M | $263M | $15B | - | ||
| Private | $289M | $115M | $12B | 40.3x | ||
| Private | - | - | $540M | - |
Sateliot Public Comps
Sateliot is still privately-owned, but its public comps include SpaceX, Johnson Controls, BOE, EchoStar, Samsara, Lite-On Technology, Sharetronic, AST SpaceMobile, Advantech and China Satellite.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $3.9B | 106.0x | - | 503.3x | - | |||
| $24B | $3B | 4.0x | 3.7x | 31.0x | 20.0x | |||
| $31B | $7B | 1.7x | 1.6x | 7.5x | 7.3x | |||
| $15B | ($16B) | 3.0x | 3.1x | (2.8x) | 21.5x | |||
| $1.6B | ($29M) | 14.0x | 12.0x | (794.5x) | 55.7x | |||
| $5.2B | $700M | 3.6x | 2.9x | 26.5x | 19.7x | |||
| $1.8B | $325M | 12.2x | - | 68.8x | - | |||
| $71M | ($419M) | 282.1x | 148.3x | (47.7x) | (72.4x) | |||
This data is available for Pro users. Sign up to see all Sateliot competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sateliot
| When was Sateliot founded? | Sateliot was founded in 2018. |
| Where is Sateliot headquartered? | Sateliot is headquartered in Barcelona, Spain. |
| Is Sateliot publicly listed? | No, Sateliot is a private, VC-backed company. |
| How much funding has Sateliot raised? | Sateliot has raised $113M across 7 funding rounds. |
| What was Sateliot's last funding round? | Sateliot's last funding round was a $76M Series B in March 2025, led by SETT. |
| Who are Sateliot's investors? | Sateliot's investors include Cellnex, SEPIDES, INDRA, Global Portfolio Investments, Hyperion Fund, GateHouse Group, Capitana Venture Partners, Santander and SETT. |
| Which companies are comparable to Sateliot? | Companies comparable to Sateliot include SpaceX, EchoStar, AST SpaceMobile, China Satellite, ICEYE and Sceye. |
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