FFOSSA Systems
FOSSA Systems is a Madrid-based space technology company that designs, builds, and launches nanosatellites to deliver satellite-based IoT connectivity, bridging gaps in cellular coverage for asset tracking and monitoring in energy, logistics, agriculture, and defence. Founded in 2020 (originating from a 2018 youth space project), it has launched 25+ satellites and raised a Series A in 2024. It also has offices in Lisbon, Portugal and a presence in Japan.
SectorsSpace Tech, Satellite IoT, Defence & Security, Energy & Utilities, Logistics, Smart Farming
Start-up MapDeeptech & Hardware › Space technology & satellite systems
Founders
J
Julián Fernández
CEO & Co-Founder
V
Vicente González Negro
COO & Co-Founder
Global models 5
KKinéis
France · www.kineis.com ↗
Builds and runs its own nanosatellite constellation to provide low-data IoT connectivity for asset tracking and monitoring where there is no mobile coverage.
$120MComparable
HHubble Network
United States · hubble.com ↗
Launches its own small satellites to connect low-power IoT devices directly from space, selling tracking and monitoring connectivity outside mobile coverage.
$100MComparable
MMyriota
Australia · myriota.com ↗
Runs a nanosatellite constellation that sells direct-to-orbit IoT connectivity for remote monitoring in agriculture, utilities, logistics and defence.
$90MComparable
AAstrocast
Switzerland · www.astrocast.com ↗
Designs and runs its own nanosatellite constellation offering two-way satellite IoT connectivity for asset tracking and monitoring in remote areas.
$80MComparable
SSateliot
Spain · sateliot.space ↗
Builds a nanosatellite constellation that extends cellular IoT coverage from space, so devices can be tracked and monitored outside mobile networks.
$75MComparable
In the same niche 16 others
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Notes: Most funded first
Investors 10
Open as list →
KKibo Ventures
www.kiboventures.com
SSabadell Venture Capital
sabadellventurecapital.com
SSETT
sett.gob.es
IIndico Capital Partners
N
Newmind Venture
NNabtesco Technology Ventures
WWISeKey
S
Space Frontiers Fund II
W
WISeSAT
N
NATO DIANA
Funding rounds 3
| Date | Round | Amount | Lead |
|---|---|---|---|
| 2026-06-24 | Series A (estimated) | €9.25M |
Kibo Ventures
+4 more
|
| 2023-11-13 | Series A | €6.3M |
Nabtesco Technology Ventures, Indico Capital Partners
+2 more
|
| 2021-05-18 | Seed | €765K | WISeKey, Newmind Venture |