Spain-Backed Fund Joins FOSSA's Sovereign Satellite Communications Push (spacenews.com)
(Tuesday June 30, 2026 @11:00AM (EditorDavid)
from the satellite's-state dept.)
Spanish startup FOSSA Systems "has raised about $10.5 million to expand its connectivity constellation," [1]reports Space News , noting some funding is backed by Spain's government:
> The support from the Spanish Society for Technological Transformation (SETT) comes a year after the fund injected 14 million euros [2]into Spain's Sateliot , which is also developing a satellite connectivity network with security and defense applications. Spanish private investment firm Kibo Ventures led FOSSA's funding round, the six-year-old venture announced June 24, bringing its total raised to date to nearly 20 million euros.
>
> The proceeds will help fuel FOSSA's push beyond the tiny picosatellites it once used to connect low-power monitoring devices toward larger cubesats in low Earth orbit, enabling additional sovereign communications and space-based intelligence capabilities... The company's funding round follows a wave of investments this year in European ventures planning to develop sovereign space capabilities, including Austrian propulsion startup Gate Space, which [3]secured 6.3 million euros earlier this month from a European Commission-backed accelerator program.
> "Our goal is to establish FOSSA as a European benchmark in sovereign space infrastructure," said Julián Fernández, FOSSA's CEO and cofounder.
[1] https://spacenews.com/spain-backed-fund-joins-fossas-sovereign-satellite-communications-push/
[2] https://spacenews.com/spain-backs-sateliot-with-15-million-to-expand-connectivity-constellation/
[3] https://spacenews.com/austrian-propulsion-startup-joins-sovereign-space-funding-surge/
> The support from the Spanish Society for Technological Transformation (SETT) comes a year after the fund injected 14 million euros [2]into Spain's Sateliot , which is also developing a satellite connectivity network with security and defense applications. Spanish private investment firm Kibo Ventures led FOSSA's funding round, the six-year-old venture announced June 24, bringing its total raised to date to nearly 20 million euros.
>
> The proceeds will help fuel FOSSA's push beyond the tiny picosatellites it once used to connect low-power monitoring devices toward larger cubesats in low Earth orbit, enabling additional sovereign communications and space-based intelligence capabilities... The company's funding round follows a wave of investments this year in European ventures planning to develop sovereign space capabilities, including Austrian propulsion startup Gate Space, which [3]secured 6.3 million euros earlier this month from a European Commission-backed accelerator program.
> "Our goal is to establish FOSSA as a European benchmark in sovereign space infrastructure," said Julián Fernández, FOSSA's CEO and cofounder.
[1] https://spacenews.com/spain-backed-fund-joins-fossas-sovereign-satellite-communications-push/
[2] https://spacenews.com/spain-backs-sateliot-with-15-million-to-expand-connectivity-constellation/
[3] https://spacenews.com/austrian-propulsion-startup-joins-sovereign-space-funding-surge/