The satellite communication industry in Europe focuses on providing mobile and broadband communication services globally. Companies in this sector include satellite operators, telecommunications firms, and technology developers, all working to enhance connectivity across various platforms. With ongoing developments in satellite constellations, low Earth orbit (LEO) technology, and service expansion, the industry is rapidly evolving. Interestingly, Europe has a well-established regulatory framework that supports innovation while fostering partnerships between private companies and governmental space agencies. Future growth prospects include increasing demand for IoT applications, remote sensing services, and enhanced safety and communication for maritime and aviation sectors.


The list highlights 19 notable satellite communication investors from Europe, varying from corporate giants to venture capital firms. These investors range in size—from smaller teams with fewer than 10 employees to major corporations with over 10,000. Headquartered in key locations like Luxembourg, the UK, and France, they were established between 1945 and 2022 and collectively engaged in numerous deals in 2024, reflecting a vibrant interest in the satellite sector. The array of investment types also showcases a mixture of public, private, and corporate funding dedicated to advancing satellite communication technologies.


Top 19 Satellite Communication Investors in Europe


1. Seraphim Space

  • Website: seraphim.vc
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 27
  • LinkedIn: seraphim-capital

Seraphim Space is a London-based venture capital firm founded in 2016, specializing in SpaceTech. They provide funding and support to startups in the space technology sector through various investment funds and an accelerator program. Their focus is on helping entrepreneurs navigate the challenges of developing innovative space solutions. Notably, Seraphim Space has participated in significant transactions within the satellite communication context, including investments in Skylo Technologies, a non-terrestrial network service provider, and Spire Global, a company that leverages satellite technology for data and analytics. These investments highlight their active role in the satellite communication industry, making them a key player in the SpaceTech investment landscape.


2. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a venture capital investor based in Paris, Île-De-France, France, founded in 2015. As a public entity and financial institution, Bpifrance supports entrepreneurs and businesses in France and internationally through various services, including direct funding, export credit insurance, and private equity investments. The institution aims to foster entrepreneurship and innovation, helping businesses navigate growth and international expansion. In the satellite communication context, Bpifrance has been involved in several significant transactions, including a $3.1 million investment in Skynopy, a startup focused on ground station technology, and participation in the funding of Kinéis, which is developing a constellation of nano-satellites for IoT. Additionally, they have invested in Aldoria, which is expanding its optical surveillance network, further demonstrating their engagement in the satellite sector.


3. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. It offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC also provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Notably, the EIC has been involved in several transactions relevant to the satellite communication industry. For instance, it participated in funding NanoAvionics, which is working on the Global Internet of Things (GIoT) nano-satellite constellation, and supported Aldoria in its Series A funding round to expand its optical surveillance network. Additionally, the EIC has provided grants to companies like Infinite Orbits and Share My Space, which are also engaged in satellite technology development. These activities highlight the EIC's commitment to advancing satellite communication technologies alongside its broader innovation goals.


4. European Space Agency - ESA

  • Website: esa.int
  • Type: Corporate
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1975
  • Headcount: 1001-5000
  • Number of deals in 2024: 10
  • LinkedIn: european-space-agency

The European Space Agency (ESA) is a public entity dedicated to space exploration and research, founded in 1975 and headquartered in Paris, Île-De-France, France. With a workforce of 1001-5000, ESA conducts human spaceflight missions, Earth observation, and satellite navigation, serving governments and research organizations. It collaborates with international partners to advance space technology and provide critical data for scientific research and environmental monitoring. In recent years, ESA has been involved in several significant transactions relevant to satellite communication, including a €10 million funding initiative for NanoAvionics, KSAT, and Antwerp Space to develop the Global Internet of Things (GIoT) nano-satellite constellation. Additionally, ESA has supported companies like Sofant Technologies and Forsway through grants, and participated in seed funding for Kuva Space, which aims to establish a constellation of commercial hyperspectral cubesats. These activities demonstrate ESA's commitment to fostering innovation in satellite communication technologies.


5. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services aimed at supporting sustainable projects across various sectors. In recent years, EIB has actively invested in the satellite communication industry, demonstrating its commitment to fostering innovation in this field. Notable transactions include a venture debt deal with Spire Global, which raised 20 million euros to develop a satellite constellation and new software applications, and a financing agreement with GomSpace for up to EUR 18 million to support its nano-satellite platform, particularly for high-frequency applications in telecommunications. Additionally, EIB has provided debt financing to companies like EnduroSat and Leaf Space, further solidifying its role as a key investor in the satellite communication sector.


6. SES Satellites

  • Website: ses.com
  • Type: Corporate
  • Headquarters: Betzdorf, Grevenmacher, Luxembourg
  • Founded year: 1985
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: ses

SES S.A. is a leading satellite telecommunications provider based in Betzdorf, Luxembourg, founded in 1985. The company specializes in offering a diverse range of services, including video broadcasting and data connectivity solutions, catering to various sectors such as broadcasting, government, and maritime. SES operates a fleet of over 70 satellites in geostationary and medium Earth orbits, ensuring global coverage for its customers. Notably, SES has been involved in significant transactions within the satellite communication sector, including the acquisition of SES Networks for $730 million in 2016, which enhanced their capabilities in providing satellite-based connectivity. Additionally, SES announced a major acquisition of U.S.-based Intelsat for $3.1 billion in April 2024, a move that is set to create the world's largest satellite services provider, further demonstrating their commitment and influence in the satellite communication industry.


7. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the telecommunications sector, including the acquisition of Tampnet, a Norwegian offshore broadband operator known for its high-capacity communication network, and IslaLink, which operates submarine fiber-optic cables in Spain. These transactions highlight EQT's commitment to enhancing communication infrastructure, positioning it as a key player in the satellite communication landscape.


8. Liberty Global

  • Website: libertyglobal.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2005
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: liberty-global

Liberty Global Ltd. is a telecommunications company based in London, England, that provides a wide range of services including gigabit broadband, 5G mobile services, and entertainment platforms. Founded in 2005, the company operates across multiple European countries, leveraging its extensive network infrastructure to serve both consumers and businesses. Notably, Liberty Global has made significant investments in the satellite communication sector, particularly through its involvement with SES Networks, where it participated in multiple funding rounds, including a $460 million Series H round in December 2015 and a $770 million debt financing in November 2010. Additionally, Liberty Global invested in Kymeta, contributing $50 million in a Series C round in June 2013 and $12 million in a venture round in August 2012. These transactions highlight Liberty Global's strategic interest in satellite communications as part of its broader telecommunications offerings.


9. Scottish Enterprise


Scottish Enterprise is a public entity established in 1991, dedicated to fostering economic development in Scotland. It provides a variety of services, including funding, business development advice, and support for innovation and exports. With a focus on helping businesses grow and improve their operations, Scottish Enterprise plays a vital role in enhancing Scotland's economic landscape. Notably, it has been involved in several transactions within the satellite communication sector, including grants and convertible notes for Spire Global, which specializes in satellite data and analytics. Additionally, Scottish Enterprise participated in a Series A funding round for Mangata Networks, a company planning to deploy a constellation of satellites for enhanced connectivity. These transactions highlight Scottish Enterprise's active role in supporting the satellite communication industry.


10. Bgf

  • Website: bgf.co.uk
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 53
  • LinkedIn: bgfinvestments

BGF Investment Management Limited is a venture capital firm based in London, England, founded in 2011. The firm specializes in providing growth funding and value creation support to small and mid-sized businesses in the UK and Ireland. BGF addresses the funding gap in the market through minority investments and extensive support services. Notably, BGF has invested in companies within the satellite communication sector, including Open Cosmos, which raised $7 million in Series A funding to expand its operations in satellite manufacturing, and Orbex Space, which raised significant funding in Series C rounds to develop its launch vehicle for satellite deployment. These investments highlight BGF's active role in supporting the growth of businesses that are integral to the satellite communication industry.


11. Thales

  • Website: thalesgroup.com
  • Type: Corporate
  • Headquarters: Meudon, Île-De-France, France
  • Founded year: 1979
  • Headcount: 10001+
  • Number of deals in 2024: 5
  • LinkedIn: thales

Thales Group is a technology company based in Meudon, Île-De-France, France, specializing in designing, developing, and manufacturing advanced electrical systems and devices for various sectors, including aerospace, defense, transportation, and security. Founded in 1979, Thales serves a diverse clientele, including governments and commercial enterprises, with solutions that enhance operational efficiency and safety. In recent years, Thales has made significant strides in the satellite communications domain, highlighted by its acquisition of Get SAT in May 2024, aimed at bolstering its secure satellite communications capabilities. Additionally, Thales acquired Tampa Microwave in 2012, a company specializing in tactical satellite communications terminals. The acquisition of Alcatel's stake in Alcatel Alenia Space in 2006 further underscores Thales's commitment to strengthening its position in the satellite manufacturing sector. These strategic investments reflect Thales's dedication to expanding its footprint in satellite communications, making it a key player in the industry.


12. Accenture

  • Website: accenture.com
  • Type: Corporate
  • Headquarters: Dublin, Dublin, Ireland
  • Founded year: 2001
  • Headcount: 10001+
  • Number of deals in 2024: 51
  • LinkedIn: accenture

Accenture is a global consulting firm based in Dublin, Ireland, specializing in information technology and management consulting services. Founded in 2001, the firm offers a wide range of solutions to businesses across various industries, helping them innovate, improve efficiency, and navigate digital transformation. In 2023, Accenture Ventures participated in a $50 million Series B funding round for Open Cosmos, a UK-based satellite mission management provider, highlighting its engagement in the satellite communication sector. Additionally, Accenture has been involved in various acquisitions, including Award Solutions, which focuses on advanced wireless and network technologies, and Fibermind, a network services company specializing in fiber and mobile 5G networks. These transactions reflect Accenture's commitment to enhancing its capabilities in telecommunications and related fields, including satellite communications.


13. Apax

  • Website: apax.com
  • Type: Private Equity
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1981
  • Headcount: 201-500
  • Number of deals in 2024: 8
  • LinkedIn: apax-partners

Apax Partners LLP is a private equity firm based in London, England, specializing in managing investments across various sectors, including technology, internet/consumer, healthcare, and services. Founded in 1981, Apax collaborates with management teams of high-potential companies to drive growth and innovation. Notably, Apax has made significant investments in the telecommunications and satellite communication sectors. One of their key transactions includes the acquisition of Marlink, Airbus Group's commercial satellite communication business, finalized on June 3, 2016. This acquisition highlights Apax's strategic interest in the satellite communication industry. Additionally, Apax has been involved in other telecommunications-related investments, such as the acquisition of Melita Plc, a leading telecommunications operator in Malta, and Salt Mobile, further showcasing their engagement in sectors that intersect with satellite communications.


14. 3i Group plc

  • Website: 3i.com
  • Type: Private Equity
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1945
  • Headcount: 201-500
  • Number of deals in 2024: 3
  • LinkedIn: 3i-group-plc

3i Group plc is a private equity and infrastructure investment firm based in London, England, founded in 1945. The firm specializes in providing capital and expertise to mid-market companies, aiming to foster sustainable growth. With a diverse portfolio and a strong international presence, 3i Group focuses on creating value for its stakeholders through strategic investments. Notably, 3i Group has been involved in several transactions relevant to the telecommunications and satellite communication sectors, including the acquisition of Wireless Infrastructure Group in 2016 for approximately $421 million, which operates in the telecommunications infrastructure space. Additionally, their past investments in companies like Fractus SA and Icera, which have connections to wireless technologies, further highlight their engagement in sectors that may overlap with satellite communications.


15. Telenor

  • Website: telenor.com
  • Type: Corporate
  • Headquarters: Fornebu, Akershus, Norway
  • Founded year: 1855
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: telenor-group

Telenor ASA is a telecommunications company based in Fornebu, Akershus, Norway, founded in 1855. With a customer base of 209 million subscribers, Telenor provides mobile telecommunications, broadband, and TV distribution services, primarily in Scandinavia and Asia. The company is dedicated to empowering societies through connectivity and is committed to responsible business practices and innovation in telecommunications. Telenor has made significant acquisitions in the satellite communication sector, including COMSAT in 2001 and Maritime Communication Partner in 2006, which enhance its capabilities in satellite services. Additionally, Telenor's acquisition of KNL Networks in 2020 through its subsidiary Telenor Maritime further demonstrates its focus on integrating smart IoT services with satellite communication, reinforcing its position in the industry.


16. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden, aiming to enhance their growth and competitiveness through tailored financial solutions. Almi has been involved in several transactions that highlight its interest in technology and innovation, particularly in the wireless sector. Notable investments include Forsway, which focuses on satellite communication solutions, and TeraSi, a deeptech startup developing high-frequency wireless applications. Additionally, Almi has invested in BeammWave, which is also related to wireless technology. These transactions suggest that while Almi's primary focus is on SMEs, it has a significant interest in companies that operate within the satellite communication and wireless technology domains.


17. Swisscom Ventures


Swisscom Ventures is a Zurich-based venture capital firm founded in 2007, specializing in high-potential technology startups. With a focus on providing financial support and strategic advisory services, they help startups access technical infrastructure and market channels. Swisscom Ventures operates across various technology sectors, including AI and Fintech, but has also made notable investments in the satellite communication industry. For instance, they participated in a Series B funding round for SWISSto12, a company that develops telecommunications components for the satellite and aerospace industries, raising CHF18.1M to accelerate industrialization and expand operations. Additionally, they invested in ClearSpace, a leader in in-orbit servicing and active space debris removal, which raised EUR 26 million to promote sustainable use of space. These transactions highlight Swisscom Ventures' active role in the satellite communication sector, alongside their broader technology investment strategy.


18. Expansion

  • Website: expansion-vc.eu
  • Type: Venture Capital
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 2022
  • Headcount: 1-10
  • Number of deals in 2024: 7
  • LinkedIn: expansion-ventures

Expansion Aerospace Ventures is a venture capital firm based in Paris, Île-De-France, France, founded in 2022. The firm specializes in investing in start-ups within the New Space and New Air Mobility sectors, providing funding and support to innovative entrepreneurs. Their portfolio includes several active start-ups working on cutting-edge solutions in aerospace and mobility. Notably, Expansion has participated in significant transactions relevant to satellite communication, such as ReOrbit, which raised $7.4M to develop software-enabled satellites, and Latitude, which secured $30 million for the design of the Zephyr launcher. Additionally, they backed Aldoria, which is expanding its optical surveillance network, and Look Up Space, focused on space safety and surveillance technologies. These investments highlight Expansion's commitment to advancing technologies that are integral to the satellite communication industry.


19. Vodafone

  • Website: vodafone.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1982
  • Headcount: 10001+
  • LinkedIn: vodafone

Vodafone Group Plc is a leading telecommunications company based in London, England, providing mobile and fixed services, broadband, and financial technology solutions. Founded in 1982, Vodafone has a customer base exceeding 330 million, connecting individuals, businesses, and governments while focusing on sustainability and innovation in technology. Notably, Vodafone has made significant investments in the satellite communication sector, including a Series B funding round for AST SpaceMobile, where it participated alongside other major investors like Rakuten and Samsung Next. This investment aims to develop a cellular broadband network utilizing a constellation of satellites to connect directly to smartphones. Additionally, Vodafone was involved in a post-IPO equity round for AST SpaceMobile, further demonstrating its commitment to advancing satellite communication technologies. These transactions highlight Vodafone's strategic interest in integrating satellite capabilities into its telecommunications offerings.



Satellite Communication Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
Seraphim SpaceLondon, England, United Kingdom (UK)11-50201627
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
European Space Agency - ESAParis, Île-De-France, France1001-5000197510
European Investment Bank (EIB)Luxembourg1001-5000195899
SES SatellitesBetzdorf, Grevenmacher, Luxembourg1001-500019852
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Liberty GlobalLondon, England, United Kingdom (UK)10001+20057
Scottish EnterpriseGlasgow, Scotland, United Kingdom (UK)1001-5000199155
BgfLondon, England, United Kingdom (UK)51-200201153
ThalesMeudon, Île-De-France, France10001+19795
AccentureDublin, Dublin, Ireland10001+200151
ApaxLondon, England, United Kingdom (UK)201-50019818
3i Group plcLondon, England, United Kingdom (UK)201-50019453
TelenorFornebu, Akershus, Norway10001+18552
AlmiStockholm, Stockholm, Sweden201-50019947
Swisscom VenturesZurich, Zurich, Switzerland11-5020074
ExpansionParis, Île-De-France, France1-1020227
VodafoneLondon, England, United Kingdom (UK)10001+19820


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