Barcelona-based SpaceTech company Sateliot has closed its Series B round at €70 million to deploy a constellation of more than 100 satellites to provide global connectivity services, especially in remote areas, for defense and cybersecurity applications – consolidating its position as the “first 5G-IoT telecommunications operator from space“.
Hyperion Fund has invested €10 million in the round, in addition to that of Sociedad Española de Transformación Tecnológica (SETT) and Global Portfolio Investments, together with the financial backing of the European Investment Bank (EIB) and strategic shareholders such as Indra, Cellnex and SEPIDES. This comes three months after achieving their €150 million target.
“I have to say we have a model that is super-scalable because we don’t need to deploy any device[s]. The devices are going to be powered by the final customer, which are regular, fully standard devices that are already there,” said Sateliot CEO Jaume Sanpera.
Founded in 2024, Sateliot is pioneering the first LEO satellite constellation delivering NB-IoT connectivity, reportedly extending Mobile Telecom coverage to 100% of the planet. Their mission is to ensure global IoT connectivity with no dead zones, to provide standard NB-IoT connectivity via satellite at prices comparable to terrestrial networks, and allow standard unmodified NB-IoT devices to connect from space.
Sateliot is led by Jaume Sanpera, an entrepreneur with more than 30 years of experience in the technology sector and founder of eight companies. He is accompanied as Co-founder and CTO; Marco Guadalupi, responsible for the deployment of Eurona’s broadband satellite network.
The investment will be used to deploy a constellation of more than 100 satellites to provide global connectivity services, especially in remote areas, for defense and cybersecurity applications, as well as telecommunications, logistics, mining, energy, environment, agriculture or critical infrastructures.
Sateliot has already launched six satellites into space, the last four in August, and has already €270 million in contracts with more than 400 customers in 50 countries around the world. The goal is to have a turnover of €1 billion by 2030.
Hyperion Fund’s investment has the aim of boosting the use of these capabilities for dual-use applications in defense, contributing its knowledge of this sector at an international level, and supporting Spanish technological sovereignty and European security.
With this investment, Hyperion Fund continues its investment phase after having raised €150 million as Europe’s first specialised defense and aerospace fund. After having analysed more than two hundred companies, it is in the process of negotiating with several companies from different NATO countries that lead various technological subverticals in artificial intelligence, robotics, geolocation, photonics, electromagnetics or aeronautics.
This round coincides with the announcement that the SETT has invested €13.8 million euros in Sateliot, together with the injection of €30 million of debt from the EIB, the first loan it has made to a Spanish space company.
Global Portfolio Investments has also participated in the round, which together with Hyperion becomes part of Sateliot’s team, together with other shareholders such as Indra, Cellnex and SEPIDES, which reaffirms Sateliot’s strategic positioning in the defense, telecommunications and industry sectors.
The closing of this round takes place in a unique geostrategic situation, which is mobilising a large public and private investment in all NATO states. In particular, the EU has announced institutional funding and investment mechanisms of up to €800 billion, and national governments have committed to increase defense budgets to 2% of GDP.
Read the orginal article: https://www.eu-startups.com/2025/03/sateliots-space-leap-e70-million-to-connect-the-planet-with-5g-iot-from-orbit/
