Sateliot Closes its €70 Million Series B Round with €10 Million Investment from Hyperion to Boost its Satellite Constellation
• This is in addition to the investment made by SETT and Global Portfolio Investments, together with financial backing from the EIB and strategic shareholders such as Indra, Cellnex and SEPIDES.
• Hyperion announces its second investment in the aerospace and defence sector after reaching its €150 million target three months ago.
• The investment comes at a key moment for European technological sovereignty and strategic independence in defence and aerospace systems, with a significant increase in national and international budgets.
Barcelona, 26 March 2025 – Barcelona-based technology company Sateliot has closed its Series B round at €70 million, consolidating its position as the leading 5G-IoT telecommunications operator from space. With its disruptive technological solution, Sateliot provides connectivity anywhere in the world through massive IoT services delivered by a constellation of low-altitude satellites (LEO orbit), all at a cost lower than alternative satellite solutions.
The investment will be used to deploy a constellation of over 100 satellites, expanding global connectivity services, especially with a focus on remote areas, and supporting applications in defence, cybersecurity, telecommunications, logistics, mining, energy, environment, agriculture, and critical infrastructure.
Sateliot has already launched six satellites, including four in August 2024, and has secured €270 million in contracts with more than 400 customers across 50 countries. The company aims to reach €1 billion in revenue by 2030.
Strategic and Institutional Investors
Hyperion Fund has invested €10 million to promote the use of these capabilities for dual-use defence applications, contributing its sector expertise at an international level and supporting Spanish technological sovereignty and European security.
This operation coincides with the announcement that the Spanish Society for Technological Transformation (SETT) has invested €13.8 million in Sateliot, in addition to a €30 million debt injection from the European Investment Bank (EIB), its first loan to a Spanish space company.
Global Portfolio Investments also participated in this round, joining Hyperion as part of Sateliot’s core group alongside other shareholders such as Indra, Cellnex and SEPIDES, reaffirming Sateliot’s strategic positioning in the defence, telecommunications and industrial sectors.
Expansion of Defence and Aerospace Budgets
The closure of this round takes place in an extraordinary geostrategic situation, which is mobilising significant public and private investment across all NATO states. Specifically, the EU has announced institutional financing and investment mechanisms of up to €800 billion, and national governments have committed to increasing defence budgets to 2% of GDP.
Institutional and strategic investors are underpinning Sateliot’s role in building a sovereign European telecommunications infrastructure, with more than €4 billion for satellite IoT and €10 billion for the European secure communications programme.
Commitment to Technological Sovereignty and Operational Independence for Europe
With this operation, Hyperion Fund continues its investment phase after raising €150 million as Europe’s first fund specialising in defence and aerospace. After analysing more than two hundred companies, it is in the process of negotiating with several companies from different NATO countries that lead various technological sub-verticals in artificial intelligence, robotics, geolocation, photonics, electromagnetics and aeronautics.
Hyperion was launched by fund manager Singular Asset Management, with a founding team of partners with international experience such as Pablo Casado, industrial experience such as Joaquín Ortiz and José Antonio Bartrina, and financial expertise such as Ricardo Gómez-Acebo, Daniel Lorrain, and new associates Juan Muñoz and Marina Quintero.
Hyperion’s advisory committee includes experts from the world of defence such as former NATO Secretary General Anders Rasmussen, US Under Secretary of State Paula Dobriansky, and French Defence Minister Michele Aliot. It also includes industry experts such as Jazztel founder Martin Varsavsky, former Saab Aero CIO Rob Murray, and former AWS cybersecurity chief Ilan Leiferman.
Sateliot, meanwhile, is led by Jaume Sanpera, an entrepreneur with over 30 years’ experience in the technology sector and founder of eight companies. He is joined by co-founder and CTO Marco Guadalupi, who is responsible for the deployment of Eurona’s broadband satellite network.
