About the transaction
BlueBull, the financial advisory firm specializing in advising high-growth and technology-driven businesses, acted as exclusive financial advisor to Sateliot in securing a €30M venture debt facility granted by the European Investment Bank (EIB). This strategic transaction bolsters Sateliot’s position as the first satellite telecom operator integrating 5G connectivity for the Internet of Things (IoT).
Founded in 2018 and headquartered in Barcelona, Sateliot is pioneering a revolutionary satellite-based IoT network. The company is developing a constellation of nanosatellites in low Earth orbit (LEO) designed to provide seamless 5G NB-IoT global coverage.
The €30M financing will accelerate Sateliot’s satellite constellation deployment and further develop its cutting-edge technological infrastructure. This initiative aims to democratize IoT connectivity, particularly in remote areas and locations lacking terrestrial coverage.
BlueBull advised Sateliot on structuring and negotiating the financing facility with the EIB. Additionally, the firm worked closely with Banco Santander, Sateliot’s existing lender, to ensure the sustainable coexistence of both lenders over the long term. The transaction highlights BlueBull’s expertise in managing complex financing processes and its ability to align strategic objectives for all stakeholders involved.
Sateliot pioneers 5G IoT connectivity through innovative satellite technology, enabling global access to the Internet of Things (IoT) in areas without terrestrial coverage. The company specializes in the development of a state-of-the-art nanosatellite constellation in low Earth orbit (LEO), delivering affordable and seamless connectivity solutions for industries such as agriculture, logistics, and automation.
Leveraging its proprietary 5G NB-IoT technology, Sateliot offers a flexible and scalable platform that integrates seamlessly with existing mobile network infrastructures. Its innovative approach ensures cost efficiency and real-time data connectivity for IoT devices globally, making it a key enabler of the digital transformation in remote and underserved regions.
+250M€
in secured contracts
+400
Customers
+50
Countries served
BlueBull es un banco de inversión líder con presencia en el sur de Europa, especializado en asesorar a empresas tecnológicas y de alto crecimiento con modelos de negocio disruptivos e innovadores.
More information
Joaquín Durán
[email protected]
Diego López
[email protected]
Iñigo de Churruca
[email protected]
+40
Tech transactions advised
+35
Tech-focused investment banking professionals
We contribute to the growth of the digital economy advising entrepreneurs, corporates, and institutional investors on M&A and fundraising transactions.
