Global Portfolio Investments Leads Sateliot Series B Funding with €10M Investment
Global Portfolio Investments has invested 10 million euros in Sateliot. With this operation, which has been advised by Bestinver Securities, it becomes the lead investor in the company’s Series B, which amounts to 30 million euros. It is also one of the company’s main shareholders, with more than 10%, following the capital increase recently approved by Sateliot at its General Shareholders’ Meeting.
Global Portfolio Investments now joins Indra, Cellnex, and Sepides, forming a core group of national shareholders. However, Sateliot also has a significant international reach, which strengthens the founders’ decision to promote a national project with strong support in Europe and the rest of the world.
According to analysts, Global Portfolio Investments, with previous investments in the space sector, is characterized by taking positions in companies with a long-term vision. So, this operation represents a boost to the Sateliot plans and a powerful message of confidence for the rest of the investors in Venture Capital business groups and the space sector interested in entering the Series B.
Sateliot will allocate these funds to continue developing its proprietary technology and, above all, to the deployment of its more than 100 5G-IoT satellite constellation with which it will provide global coverage in real-time in 2028, enabling the connection of millions of IoT devices in strategic sectors such as agriculture, industry, and logistics.
Jaume Sanpera, CEO and Co-Founder, Sateliot
This investment represents a huge boost for the company and sends a message of confidence to other investors interested in our company so that they can join our project. It also represents a decisive step in continuing to advance in our strategy of having the constellation deployed and meeting our financial objectives.