Sateliot Secures €6 Million Series A Funding

15 January 2024
GeoSpatial World

AI Generated Summary

Sateliot has received three recent capital injections totaling €13.5 million, including a €2.5 million participatory loan from public company Avança.

The company plans to initiate a Series B funding and has secured agreements with global telecommunications operators and companies in the sector, resulting in a binding orders backlog of over €150 million.

The company’s financial strength, including the recent funding and the £5 million from the convertible note issued by the company, will allow it to approach 2024 with stability and confidence in executing its business strategy.