Sateliot pursues €100 million to expand 5G satellite constellation
Spanish space-tech startup Sateliot is seeking around €100 million in fresh funding to accelerate the rollout of its space-based 5G connectivity network for Internet of Things (IoT) devices. The Barcelona-headquartered company aims to use the capital to scale its low-Earth orbit (LEO) constellation and move from pilot projects to commercial deployment.
Space-based 5G for massive IoT connectivity
Sateliot is building a constellation of small satellites designed to extend standard 5G NB-IoT coverage to remote and underserved areas where terrestrial mobile networks are unreliable or non-existent. Its technology is intended to work seamlessly with existing mobile network operators (MNOs), allowing devices such as sensors, meters and trackers to connect via satellite using the same 3GPP-compliant protocols used on the ground.
The company positions its service as a cost-effective alternative to traditional satellite communications, targeting sectors including agriculture, logistics, maritime, environmental monitoring and critical infrastructure. By leveraging standardized 5G technology instead of proprietary protocols, Sateliot aims to simplify device integration and speed up adoption among large industrial users.
Funding to support deployment and commercialization
The targeted €100 million raise is expected to finance additional satellite launches, network operations and global commercial expansion. Sateliot plans to deepen partnerships with MNOs, device manufacturers and enterprise customers, positioning its constellation as an extension of terrestrial networks rather than a competing infrastructure.
The move comes as demand for resilient, ubiquitous IoT connectivity increases worldwide, driven by supply chain digitization, climate and environmental monitoring, and the digital transformation of rural industries. With multiple players racing to build space-based 5G and narrowband IoT networks, access to growth capital will be critical for Sateliot to secure early-mover advantage and scale to global coverage.
If successful, the planned funding round would mark a significant step for Europe’s emerging NewSpace ecosystem, reinforcing Spain’s role as a growing hub for commercial space technology and advanced telecommunications innovation.