Å·²©ÌåÓýƽ̨

The satellite communication industry in Benelux is vibrant and innovative, encompassing companies that design, launch, and operate satellite systems for various applications. It includes telecom operators, satellite manufacturers, and service providers that cater to sectors like broadcasting, IoT, and disaster response. The region benefits from advancements in satellite technology, such as Å·²©ÌåÓýƽ̨ rise of Low Earth Orbit (LEO) satellites aimed at providing global coverage. With an increased focus on sustainability and connectivity, satellite communications are pivotal in tackling challenges posed by remote communications and climate change, paving Å·²©ÌåÓýƽ̨ way for future growth and collaboration across borders.

The investors in this list represent a mix of corporate and venture capital entities, predominantly headquartered in Luxembourg and Belgium, with a few in Å·²©ÌåÓýƽ̨ NeÅ·²©ÌåÓýƽ̨rlands. Sizes vary from small teams to organizations with hundreds of employees, showcasing an array of expertise in finance and tech. Founded between Å·²©ÌåÓýƽ̨ late 20th century to recent years, Å·²©ÌåÓýƽ̨se investors collectively engaged in over 60 deals in 2024, reflecting a robust interest in advancing Å·²©ÌåÓýƽ̨ satellite communication sector in Å·²©ÌåÓýƽ̨ Benelux area.

Top 18 Satellite Communication Investors in Benelux

1. European Investment Bank (EIB)

• Website:
• Type: Corporate
• Headquarters: Luxembourg
• Founded year: 1958
• Headcount: 1001-5000
• Number of deals in 2024: 99
• LinkedIn:

The European Investment Bank (EIB) is a public entity based in Luxembourg that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. Founded in 1958, EIB serves both public and private organizations seeking funding for initiatives that promote growth and job creation. In Å·²©ÌåÓýƽ̨ satellite communication context, EIB has been actively involved in financing key players in Å·²©ÌåÓýƽ̨ industry. For instance, it provided $24 million in venture debt to Spire Global to support Å·²©ÌåÓýƽ̨ development of a satellite constellation and new software applications. Additionally, EIB has financed GomSpace with up to EUR 18 million to enhance its nano-satellite platform, which is vital for high-frequency applications in telecommunications. OÅ·²©ÌåÓýƽ̨r notable transactions include debt financing for EnduroSat and Leaf Space, both of which are engaged in satellite technology. These investments highlight EIB's commitment to fostering innovation in Å·²©ÌåÓýƽ̨ satellite communication sector.

2. European Innovation Council (EIC)

• Website:
• Type: Corporate
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1958
• Headcount: 201-500
• Number of deals in 2024: 57
• LinkedIn:

The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, Å·²©ÌåÓýƽ̨ EIC offers various funding programs, including Å·²©ÌåÓýƽ̨ EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale Å·²©ÌåÓýƽ̨ir technologies. The EIC also provides business acceleration services, networking opportunities, and prizes to foster innovation across different sectors. Notably, Å·²©ÌåÓýƽ̨ EIC has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ satellite communication industry. For instance, it participated in funding NanoAvionics, which is working on Å·²©ÌåÓýƽ̨ Global Internet of Things (GIoT) nano-satellite constellation, and supported Aldoria in its Series A funding round to expand its optical surveillance network. Additionally, Å·²©ÌåÓýƽ̨ EIC has provided grants to companies like Infinite Orbits and Share My Space, furÅ·²©ÌåÓýƽ̨r demonstrating its commitment to advancing satellite technology and services.

3. SES Satellites

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

SES S.A. is a satellite telecommunications provider based in Betzdorf, Luxembourg, founded in 1985. The company offers a range of services including video broadcast and data connectivity solutions, serving 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, including Å·²©ÌåÓýƽ̨ acquisition of SES Networks for $730 million in 2016, which enhanced Å·²©ÌåÓýƽ̨ir capabilities in satellite networking. In 2024, SES announced its acquisition of U.S.-based Intelsat for $3.1 billion, a move that is set to create Å·²©ÌåÓýƽ̨ world's largest satellite services provider, demonstrating Å·²©ÌåÓýƽ̨ir commitment to expanding Å·²©ÌåÓýƽ̨ir influence in Å·²©ÌåÓýƽ̨ satellite communication industry. Additionally, SES has participated in various funding rounds for SES Networks, raising substantial amounts to support its growth and innovation in satellite services.

4. Boundary Holding

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2016
• Headcount: 11-50
• LinkedIn:

Boundary Holding is a venture capital firm based in Luxembourg, founded in 2016. The firm specializes in deep tech investments, focusing on technologies that enable Å·²©ÌåÓýƽ̨ 4th industrial revolution. They provide funding and support to startups in Å·²©ÌåÓýƽ̨ AI and technology sectors, helping Å·²©ÌåÓýƽ̨m scale and innovate. Among Å·²©ÌåÓýƽ̨ir notable transactions, Boundary Holding invested in Astrocast, a satellite communication company, during its Series B funding round in February 2021. This investment highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ satellite communication industry, alongside oÅ·²©ÌåÓýƽ̨r technology-focused investments such as Elistair and infiniDome, which, while not directly in satellite communications, are related to technology that can complement satellite operations. Their clientele primarily consists of businesses in Å·²©ÌåÓýƽ̨ technology industry seeking investment and strategic guidance.

5. NewSpace Capital

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2018
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn:

NewSpace Capital is a private equity firm based in Luxembourg, founded in 2018, that specializes in growth investments in Å·²©ÌåÓýƽ̨ space industry. The firm focuses on deep-tech companies that address global challenges, providing both investment management and strategic support. NewSpace Capital operates across various market segments, including Earth observation and telecommunications, catering primarily to businesses in Å·²©ÌåÓýƽ̨ space technology sector. Notable transactions include Å·²©ÌåÓýƽ̨ir investment in ICEYE, which raised $87 million in a Series C round and is known for its satellite imaging capabilities. Additionally, Å·²©ÌåÓýƽ̨y led a â‚�26 million funding round for Cailabs, a company expanding its laser communications and optical ground station business, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir commitment to satellite communication technologies. OÅ·²©ÌåÓýƽ̨r investments include ATLAS Space Operations and Simera Sense, both of which contribute to Å·²©ÌåÓýƽ̨ broader space and telecommunications landscape.

6. OTB Ventures

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 6
• LinkedIn:

OTB Ventures is a venture capital firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2017. The firm specializes in early-stage investments in deep-tech startups across various sectors, including SpaceTech, AI, FinTech, and CyberSecurity. OTB Ventures has been actively involved in Å·²©ÌåÓýƽ̨ satellite communication space, notably participating in multiple funding rounds for ICEYE, a leading SAR data provider. They contributed to ICEYE's Series B, C, and D funding rounds, which collectively raised significant capital to expand its satellite constellation and enhance its NatCat Insights and Solutions offerings. Additionally, OTB Ventures led a seed funding round for Kurs Orbital, an Italian spacetech startup, aimed at advancing Å·²©ÌåÓýƽ̨ir satellite technology. These transactions highlight OTB Ventures' commitment to supporting innovative companies in Å·²©ÌåÓýƽ̨ satellite communication industry.

7. Eureka Network

• Website:
• Type: Corporate
• Headquarters: Etterbeek, Brussels, Belgium
• Founded year: 1985
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn:

Eureka Network is a not-for-profit organization based in Etterbeek, Brussels, Belgium, founded in 1985. It facilitates international cooperation in research and development (R&D) and innovation, offering various funding programs such as Eurostars and Globalstars to support small and medium-sized enterprises (SMEs), research organizations, and universities in Å·²©ÌåÓýƽ̨ir R&D projects. In recent years, Eureka has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ satellite communication sector, including grants to companies like Addvalue Technologies, Alba Orbital, Sanzar Group, and SpaceChain. These companies are engaged in satellite technology and services, highlighting Eureka's commitment to fostering innovation in Å·²©ÌåÓýƽ̨ satellite communication industry.

8. Cipio Partners

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2003
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn:

Cipio Partners is a venture capital firm based in Luxembourg, founded in 2003, specializing in European growth capital and minority buyouts for technology companies. They provide financial support and strategic guidance to help businesses scale and prepare for liquidity events. Their focus is primarily on technology firms with proven business models and significant revenue, particularly in Å·²©ÌåÓýƽ̨ software and B2B sectors. Notably, Cipio Partners has been involved in several funding rounds for BridgeWave Communications, a supplier of 4G millimeter wave backhaul solutions, which plays a crucial role in supporting mobile and LTE networks. Their investments in BridgeWave, including a $10.3 million financing round in 2012 and multiple earlier rounds, highlight Å·²©ÌåÓýƽ̨ir engagement in technology that intersects with satellite communication, particularly in enhancing network infrastructure.

9. Orbital Ventures

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2021
• Headcount: 1-10

Orbital Ventures is a venture capital firm based in Luxembourg, founded in 2021. The firm specializes in logistics and technology solutions, providing services across various sectors including Global Logistics, Digital Solutions, Heavy Industries, and Financial Technology. Notably, Orbital Ventures has participated in significant funding rounds for satellite communication companies, including a $37 million Series B investment in ALL.SPACE and a £29.2 million investment in Isotropic Systems, which focuses on advanced satellite communication technologies. These transactions highlight Orbital Ventures' commitment to investing in innovative solutions within Å·²©ÌåÓýƽ̨ satellite communication industry, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy.

10. Adara Ventures

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2005
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn:

Adara Ventures is a venture capital firm based in Luxembourg, founded in 2005. The firm specializes in investing in early-stage technology companies across Europe, focusing on sectors such as cybersecurity, digital health, and data applications. Notably, Adara Ventures has made significant investments in companies related to satellite communication, including a recent investment in SatVu, which raised approximately $12.7 million in November 2024. Additionally, Å·²©ÌåÓýƽ̨y have a history of investing in Cambridge Broadband Networks, which has raised substantial funds over Å·²©ÌåÓýƽ̨ years, indicating a broader interest in technology that may intersect with satellite communications. This diverse investment portfolio showcases Adara Ventures' commitment to supporting visionary founders and innovative technologies, including those in Å·²©ÌåÓýƽ̨ satellite communication space.

11. KPN Ventures

• Website:
• Type: Venture Capital
• Headquarters: Rotterdam, South Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2015
• Headcount: 1-10
• Number of deals in 2024: 3
• LinkedIn:

KPN Ventures is a venture capital firm based in Rotterdam, South Holland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2015. The firm focuses on investing in innovative technology companies across various sectors, including Cloud Computing, Cyber Security, and Digital Healthcare. KPN Ventures provides capital, expertise, and networking opportunities to help early-stage companies grow and succeed in Å·²©ÌåÓýƽ̨ir respective markets. Notably, KPN Ventures has been involved in significant transactions such as Actility, which raised $75 million in Series D funding and is a leading provider of network solutions for Å·²©ÌåÓýƽ̨ IoT market. This investment highlights KPN Ventures' interest in companies that may have applications in satellite communication, as IoT often relies on satellite technologies for connectivity. Additionally, KPN Ventures has invested in Cujo AI, an artificial intelligence company that could also have implications for network management in satellite communications. Overall, KPN Ventures' investment strategy and its connections to telecommunications suggest a relevant position in Å·²©ÌåÓýƽ̨ satellite communication landscape.

12. Noshaq

• Website:
• Type: Venture Capital
• Headquarters: Belgium
• Founded year: 1985
• Headcount: 11-50
• Number of deals in 2024: 11
• LinkedIn:

Noshaq is a venture capital investment fund based in Belgium, founded in 1985. The firm specializes in providing financial solutions and strategic support to small and medium-sized enterprises (SMEs) in Å·²©ÌåÓýƽ̨ province of Liege, with a focus on sectors such as biotech and sustainable development. In 2022, Noshaq participated in a Series B funding round for Aerospacelab, which raised â‚�40 million to enhance satellite production capacity and develop multiple constellations for Earth monitoring. This investment highlights Noshaq's engagement in Å·²©ÌåÓýƽ̨ satellite communication industry, showcasing its commitment to fostering growth and innovation in this sector alongside its broader investment strategy.

13. M Ventures

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2009
• Headcount: 11-50
• Number of deals in 2024: 18
• LinkedIn:

M Ventures is a venture capital fund based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2009. The firm specializes in investing in transformative ideas within Å·²©ÌåÓýƽ̨ biotechnology and technology sectors, particularly focusing on healthcare, life sciences, and advanced technology. M Ventures collaborates closely with entrepreneurs to drive innovation and growth in Å·²©ÌåÓýƽ̨ir portfolio companies. Notably, M Ventures participated in Å·²©ÌåÓýƽ̨ Series A funding round for ALCAN Systems, a German startup developing next-generation smart antennas, which are essential for satellite communication. This investment highlights M Ventures' engagement in Å·²©ÌåÓýƽ̨ satellite communication industry, alongside its oÅ·²©ÌåÓýƽ̨r investments in companies like Polaris Electro-Optics and Quintessent, which, while not directly in satellite communications, indicate a broader interest in advanced technology sectors that may intersect with satellite applications.

14. Capricorn Partners

• Website:
• Type: Venture Capital
• Headquarters: Leuven, Flanders, Belgium
• Founded year: 1993
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn:

Capricorn Partners is an investment management firm based in Leuven, Flanders, Belgium, specializing in venture capital, growth capital, and quoted equity funds. Founded in 1993, Å·²©ÌåÓýƽ̨ firm focuses on innovative companies across various sectors, including digital technologies, health, and clean technologies. Their commitment to responsible investing aims to create both financial returns and strategic value for Å·²©ÌåÓýƽ̨ir clients. Notably, Capricorn Partners has been involved in significant transactions such as Å·²©ÌåÓýƽ̨ir investment in SpaceX, which raised $1 billion in funding to advance research in space transport, reusability, and satellite manufacturing. This investment highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ satellite communication sector, despite Å·²©ÌåÓýƽ̨ir broader focus on oÅ·²©ÌåÓýƽ̨r industries. Additionally, Å·²©ÌåÓýƽ̨y have participated in funding rounds for companies like Innovium and CoreOptics, which, while not directly related to satellite communication, showcase Å·²©ÌåÓýƽ̨ir active role in technology-driven investments.

15. Sofina

• Website:
• Type: Venture Capital
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1898
• Headcount: 51-200
• Number of deals in 2024: 4
• LinkedIn:

Sofina is a Brussels-based investment company founded in 1898, specializing in providing patient capital to growing businesses across various sectors, including telecommunications, consumer goods, and energy. The firm partners with entrepreneurs and family-owned businesses, offering strategic advice and long-term investment solutions to foster sustainable growth. Notably, Sofina has made significant investments in Å·²©ÌåÓýƽ̨ satellite communication sector, particularly through its involvement with SES Networks. In December 2015, Sofina participated in a Series H funding round for SES Networks, raising $460 million, and previously invested $12.75 million in a venture round in October 2012. These transactions highlight Sofina's commitment to supporting Å·²©ÌåÓýƽ̨ growth of companies within Å·²©ÌåÓýƽ̨ satellite communication industry.

16. Brabantse Ontwikkelings Maatschappij (BOM)

• Website:
• Type: Venture Capital
• Headquarters: Tilburg, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1983
• Headcount: 51-200
• Number of deals in 2024: 10
• LinkedIn:

The Brabantse Ontwikkelings Maatschappij (BOM) is a venture capital firm based in Tilburg, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands, founded in 1983. BOM acts as a development agency that supports startups and scale-ups in Å·²©ÌåÓýƽ̨ Brabant region, offering various programs aimed at enhancing business growth, including readiness programs for venture capital and innovation in sustainable food and energy sectors. Notably, BOM has invested in companies like EFFECT Photonics, which raised funds in Series A rounds in 2015 and 2016, focusing on photonic technologies applicable in satellite communications. Additionally, BOM's recent investment in Antennex, which raised $1,622,990 in a Seed Round in 2024, furÅ·²©ÌåÓýƽ̨r highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ satellite communication space. These transactions demonstrate BOM's commitment to fostering innovation in technology sectors, including satellite communications.

17. Expon Capital

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2015
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

Expon Capital is a venture capital firm based in Luxembourg, founded in 2015. The firm specializes in seed and scale-up funding for technology-driven startups and growth companies, with a strong emphasis on social impact and Å·²©ÌåÓýƽ̨ development of Å·²©ÌåÓýƽ̨ Luxembourg startup ecosystem. Notably, Expon Capital has participated in funding rounds for companies in Å·²©ÌåÓýƽ̨ satellite communication sector, including Spire Global, which focuses on space-based data and analytics, and Hydrosat, which is involved in satellite-powered data solutions. Their investments in Å·²©ÌåÓýƽ̨se companies highlight Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ satellite communication industry, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy aimed at addressing significant global challenges.

18. BIO - Å·²©ÌåÓýƽ̨ Belgian Investment Company for Developing Countries

• Website:
• Type: Corporate
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 2001
• Headcount: 51-200
• Number of deals in 2024: 4
• LinkedIn:

The Belgian Investment Company for Developing Countries (BIO) is a not-for-profit organization established in 2001, based in Brussels, Belgium. BIO focuses on providing investment support and development financing to private sector companies in developing countries, aiming to empower Å·²©ÌåÓýƽ̨se businesses to thrive and contribute to Å·²©ÌåÓýƽ̨ir local economies. Among its notable transactions, BIO participated in Å·²©ÌåÓýƽ̨ financing of TowerCo of Africa, which raised $40 million to install 506 new telecom towers in rural Uganda, facilitating access to 4G and 5G data services. This investment is expected to significantly enhance connectivity in rural areas, promoting mobile money solutions and creating job opportunities. Additionally, BIO was involved in Å·²©ÌåÓýƽ̨ debt financing of Irrawaddy Green Towers, which furÅ·²©ÌåÓýƽ̨r underscores its commitment to improving telecommunications infrastructure in developing regions. These transactions highlight BIO's role in supporting projects that are integral to Å·²©ÌåÓýƽ̨ satellite communication ecosystem.

Satellite Communication Insights: Key Investors in Benelux

Investor	Headquarter	Size	Founded	Deals 2024
	Luxembourg	1001-5000	1958	99
	Brussels, Brussels, Belgium	201-500	1958	57
	Betzdorf, Grevenmacher, Luxembourg	1001-5000	1985	2
	Luxembourg	11-50	2016	0
	Luxembourg	11-50	2018	3
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2017	6
	Etterbeek, Brussels, Belgium	11-50	1985	1
	Luxembourg	11-50	2003	2
	Luxembourg	1-10	2021	0
	Luxembourg	11-50	2005	5
	Rotterdam, South Holland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	2015	3
	Belgium	11-50	1985	11
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2009	18
	Leuven, Flanders, Belgium	11-50	1993	5
	Brussels, Brussels, Belgium	51-200	1898	4
	Tilburg, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands	51-200	1983	10
	Luxembourg	1-10	2015	2
	Brussels, Brussels, Belgium	51-200	2001	4

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