Tech Company Financing Transactions
Sateliot Funding Round
Sateliot closed a $11 million funding round on 9/23/2024. Investors included Global Portfolio Investments.
Transaction Overview
Company Name
Announced On
9/23/2024
Transaction Type
Venture Equity
Amount
$11,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The money will go to expand Sateliot's NB-IoT constellation; it wants 100 satellites by 2028.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
5015 Shoreham Pl.
San Diego, CA 92122
USA
San Diego, CA 92122
USA
Phone
Undisclosed
Website
Email Address
Overview
We are the first satellite operator to offer IoT connectivity over standard 5G NB-IoT. Our constellation serves as cell towers in space, expanding mobile operator coverage and providing global connectivity to unmodified commercial terrestrial devices wherever they are.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 9/23/2024: Scribenote venture capital transaction
Next: 9/23/2024: David Energy venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records on this site are derived from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs