FOSSA announces the closing of a €9.25 million funding round to accelerate its international expansion and strengthen the global deployment of its sovereign satellite capabilities. The round is led by Kibo Ventures and includes participation from the Spanish Society for Technological Transformation (SETT, an entity attached to the Ministry for Digital Transformation and Civil Service), Space Frontiers Fund II (managed by SPARX Asset Management Co., Ltd.), Indico Capital, and WISeSAT. This investment reinforces confidence in FOSSA’s growth and in the consolidation of its business model in a context of rapid transformation in the international space sector.
The funds will be used to strengthen the team, boost the commercial expansion initiated in 2024, advance new capabilities focused on security and defense, and continue the deployment of its 140-satellite low Earth orbit constellation.
The company, which has surpassed 50 employees across Spain and Portugal and has launched more than 25 satellites since its foundation, is currently in an operational and technological expansion phase. The next launch, scheduled for the coming weeks, will be the 26th satellite in its constellation.
Founded in 2020, FOSSA has become one of the most active companies in the European space and defense ecosystem. The company develops proprietary technological infrastructure for satellite IoT connectivity, secure communications, and space-based intelligence (SIGINT) solutions, with applications in energy, logistics, agriculture, critical infrastructure, and national security.
FOSSA is the Spanish company with the highest number of satellites launched into orbit, surpassing all national operators. It has developed the capability to design and manufacture satellite constellations ranging from 10 kg to over 150 kg, as well as deploy its own IoT network designed to provide global connectivity and strategic capabilities in environments without terrestrial coverage.
“Thanks to FOSSA, small nations, defense ministries, and global corporations can define and execute their own space strategy within a few months, while the vertical integration of the entire technology chain has allowed us to reduce costs by an order of magnitude. In just a few years, we have gone from being a startup to a company with an international presence, 25 satellites launched, and technology that addresses real needs from industrial, institutional, and governmental clients. Our goal is to establish FOSSA as a European benchmark in sovereign space infrastructure,” says Julián Fernández, CEO and co-founder of FOSSA.
This funding round takes place in a context where space is playing an increasingly important role as strategic infrastructure. Satellite connectivity, Earth observation, signals intelligence, and secure communications are consolidating as critical capabilities for governments and companies in an environment of growing demand for technological autonomy and resilience.
“We are very pleased to welcome new leading investors and to continue counting on the support of partners who have accompanied the company since earlier stages. This backing confirms the strength of the project, our execution capability, and our long-term vision,” adds the CEO and co-founder.
“Europe needs technological champions capable of reducing dependencies in strategic sectors. FOSSA has demonstrated that it can develop and operate sovereign space infrastructure with exceptional speed and efficiency,” explains Juan López Santamaría, Partner at Kibo Ventures. As part of the round, Kibo Ventures will join the board of directors.
In this context, FOSSA has strengthened its positioning in defense and security, including its participation in NATO’s DIANA program, where it has been selected for its low-orbit electromagnetic intelligence capabilities and dual-use technologies.
The company is also driving its international expansion with the opening of its third office in Tokyo, following Madrid and Lisbon, and the signing of a strategic agreement with Kanematsu Corporation for the deployment of its technologies in the Japanese defense market.
This new €9.25 million round brings the total amount raised by FOSSA since its inception to nearly €20 million, marking a new growth phase focused on scaling the constellation, international expansion, and the development of advanced communications and space-based intelligence capabilities.
With this transaction, FOSSA strengthens its position as one of Europe’s leading players in space infrastructure, satellite communications, and low-orbit intelligence, advancing the deployment of solutions to connect, monitor, and protect IoT and critical assets worldwide.
About FOSSA
FOSSA is a Spanish company specialized in satellite communications and intelligence solutions for industrial and defense applications. The company integrates the design and operation of satellites, ground stations, and IoT devices, enabling connectivity from low Earth orbit (LEO). Since 2022, it has launched 25 satellites and is deploying a 140-satellite constellation for global IoT coverage. Its solutions are applied in sectors such as energy, utilities, oil & gas, logistics, and critical infrastructure, as well as security and defense. Founded in 2020 by Julián Fernández and Vicente González, it has deployed satellites for international clients such as Microsoft and European defense ministries. It has headquarters in Madrid and offices in Lisbon and Tokyo.
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