Sateliot launches €100 million series C to finance deployment of its satellite constellation

 April 10, 2026

Sateliot, has announced the launch of a new Series C financing round for €100 million to deploy its 5G satellite constellation. This round, primarily structured as equity with the possibility of incorporating an additional debt component, has just opened, and the company expects to close it in summer. Sateliot is working to bring in a lead investor and keeps the round open to both new and existing shareholders. In addition, it anticipates up to 50% public co-financing via match funding.

The capital will be mainly allocated to the deployment of 16 satellites that will complete the IoT use case and serve as a demonstrator for the 5G New Radio technology incorporating voice, video, and data. Sateliot has already launched six satellites and plans to launch five more in 2026.

Sateliot approaches this capital increase with precontracts valued at €270 million, with over 400 clients in 60 countries, in addition to agreements with operators such as Telefónica and Deutsche Telekom.

Since its founding, Sateliot has raised nearly €100 million, supported by a block of leading industrial, institutional, and financial investors such as Indra, Cellnex, the Spanish Society for Technological Transformation (SETT), Sepides (SEPI), Hyperion, Global Portfolio Investments, and Banco Santander, as well as backing from the European Investment Bank (EIB), which financed the initial deployment of its technology and the company’s growth.

Óscar López, Minister for Digital Transformation and Public Administration of Spain, who was present at this announcement, supported the company’s growth plans and highlighted its achievements over the past year since SETT entered its capital: “Since then, Sateliot has doubled its workforce, closed €270 million in precontracts with companies in several countries worldwide, signed agreements with operators such as Telefónica, Deutsche Telekom, and VIVO in Brazil, and received the ‘Future Unicorn’ award from the Digital Europe association. Sateliot is an example of Spanish and European digital sovereignty. The Government of Spain is proud to finance a Catalan project that integrates the entire cycle of design, assembly, and control of satellites made in Spain.”

For his part, Jaume Sanpera, CEO of Sateliot, noted: “This Series C reflects the company’s scale and timing. It is the largest round we have opened to date. With it, we will accelerate the deployment of our constellation and commercial execution on a global scale. We trust in the support of industrial, financial, and institutional investors to consolidate a European 5G satellite connectivity infrastructure.”