FOSSA Secures €9.25M for Satellite Communications

Spanish space technology firm FOSSA has successfully closed a funding round totaling €9.25 million, injecting capital to accelerate its international expansion and bolster its sovereign satellite communications capabilities. The investment, led by venture capital firm Kibo Ventures, underscores growing confidence in FOSSA's mission to provide secure connectivity and advanced defense solutions from orbit.

The significant capital infusion will be strategically deployed to expand FOSSA's team, fuel its commercial growth initiatives that began in 2024, and advance new defense and security-oriented functionalities. A core focus remains the continued deployment of its planned constellation of 140 low-Earth orbit satellites, a critical step towards offering global IoT connectivity and strategic intelligence capabilities in areas lacking terrestrial coverage.

This funding round saw participation from a notable group of investors, including the Sociedad Española para la Transformación Tecnológica (SETT), a Spanish government entity focused on technological advancement. Also joining are Space Frontiers Fund II, managed by SPARX Asset Management Co., Ltd., Indico Capital Partners, and WISeSat. This diverse investor base highlights the broad appeal of FOSSA's integrated approach to space infrastructure.

FOSSA, already recognized as the Spanish company with the most satellites launched into orbit, is set to launch its 26th satellite in the coming weeks. Since its founding in 2020, the company has rapidly scaled its operations, now employing over 50 professionals across Spain and Portugal. Its vertically integrated model allows for the development and manufacturing of satellites ranging from 10kg to over 150kg, alongside its proprietary IoT network, positioning it as a key player in the European space and defense ecosystem.

The strategic importance of space infrastructure for national security and economic resilience is increasingly evident. FOSSA's focus on secure communications, IoT connectivity, and space-based intelligence (SIGINT) directly addresses these growing demands. The company's involvement in NATO's DIANA program, recognized for its dual-use electromagnetic intelligence capabilities, further solidifies its position in the defense sector. FOSSA is also expanding its global footprint with a new office in Tokyo and a strategic partnership with Kanematsu Corporation to penetrate the Japanese defense market.

Julián Fernández, CEO and co-founder of FOSSA, emphasized the company's ambition: “Our objective is to establish FOSSA as a European leader in sovereign space infrastructure. Our vertical integration has enabled us to drastically reduce costs, allowing nations and corporations to implement their own space strategies efficiently.” Juan López Santamaría, Partner at Kibo Ventures, added, “FOSSA is demonstrating exceptional speed and efficiency in developing and operating sovereign space infrastructure, addressing Europe's need for technological champions in strategic sectors.” Kibo Ventures will also gain a seat on FOSSA's board of directors.