{"id":50491,"date":"2024-09-24T01:28:57","date_gmt":"2024-09-23T17:28:57","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/spanish-iot-startup-sateliot-raises-33m-series-b-round\/"},"modified":"2024-09-24T01:28:57","modified_gmt":"2024-09-23T17:28:57","slug":"spanish-iot-startup-sateliot-raises-33m-series-b-round","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/spanish-iot-startup-sateliot-raises-33m-series-b-round\/","title":{"rendered":"Spanish IoT Startup Sateliot Raises $33M Series B Round"},"content":{"rendered":"<\/p>\n<p>Spanish satellite IoT startup <b>Sateliot<\/b> has raised a 30 million euro ($33 million) Series B funding round, led by <b>Global Portfolio Investments<\/b>. This deal makes Global Portfolio Investments, a Spanish investment group, one of the company\u2019s main shareholders.&nbsp;<\/p>\n<p>Sateliot plans to use the capital to build-out its constellation of 100 IoT satellites that operate under 5G protocols. The company plans to offer real-time global IoT connectivity by 2028 for industries such as agriculture and logistics.&nbsp;<\/p>\n<p>Sateliot recently launched four new satellites on the SpaceX rideshare mission in August. These satellites will enable Sateliot to start commercial service in the first quarter of 2025.&nbsp;<\/p>\n<p>The company says it has secured more than 250 million euros ($278 million) in contracts with more than 400 clients. It sets a bold goal of invoicing 500 million euros ($556 million) in 2027 and 1 billion euros ($1.1 billion) in 2030.<\/p>\n<p>\u201cThis 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,\u201d CEO Jaume Sanpera commented.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spanish satellite IoT startup Sateliot has raised a 30 million euro ($33 million) Series B funding round, led by Global Portfolio Investments. This deal makes Global Portfolio Investments, a Spanish investment group, one of the company\u2019s main shareholders.&nbsp; Sateliot plans to use the capital to build-out its constellation of 100 IoT satellites that operate under [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46939,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-50491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/50491"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=50491"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/50491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/46939"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=50491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=50491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=50491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}