The Sateliot Company, dedicated to the low orbit satellite connectivity of low orbit (Leo) through 5G for IoT, has closed a Bre Series financing round of 70 million euros, in which the Hyperion fund has participated with the contribution of 10 million euros, as well as the Government of Spain through the SETT (Spanish Society of Technological Transformation) with 13.8 million euros.
Hyperion is a risk capital fund focused on contributing to companies that work with dual technologies in sectors such as aerospace, cybersecurity, artificial intelligence and defense intelligence. Its purpose is to capture 150 million euros, and invests in Spanish and European companies that are toe in dual technologies of interest in the European defense strategy, critical infrastructure security and technological sovereignty. Among its partners are Pablo Casado Blanco and Ricardo Gómez-Acebo Botín.
The funds achieved on this occasion will be destined to the deployment of a satellite constellation, composed of more than a hundred units. These satellites will be responsible for offering global connectivity services, especially in remote areas, to key sectors, such as agriculture, logistics, environment and energy, as well as defense and security.
The investments of the SETT and Hyperion add to that of Global Portfolio Investments, which has collaborated in the round with 10 million euros, and an convertible note of 2.5 million euros. The aforementioned investors will become part of the nucleus of the company’s main shareholders, in which Indra, Cellnex and Sepides are already.
In addition to the investment of this series B, Sateliot has also had an injection of 30 million euros from the European Investment Bank (BEI). This is the first loan that Bei makes to a Spanish company.
