FOSSA Systems closes EUR 6.3 million Series A
FOSSA Systems closed a EUR 6.3 million Series A to expand its industrial IoT satellite constellation and direct-to-device network.
Evidence notes
- Nabtesco Technology Ventures and Indico Capital Partners co-led the Series A.
- Newmind Venture and Sabadell Venture Capital also participated in the completed round.
- FOSSA planned to use the capital to develop an 80-satellite network for secure remote asset monitoring and tracking.
Company context
FOSSA Systems is a Spanish satellite manufacturer and network operator serving industrial IoT, remote asset monitoring, secure communications and sovereign space-infrastructure programmes.