SETT backs satellite maker Fossa with €9.25 m round to accelerate global rollout
Executive summary: SETT invested in a €9.25 million funding round for the satellite company Fossa. The financing will enable Fossa to scale its satellite constellation abroad, strengthening Europe’s presence in the low‑Earth‑orbit market.
Who is involved: SETT, Fossa, Kibo Ventures, Space Frontiers Fund II (managed by SPARX Asset Management), Indico Capital Partners, WISeSat.
Likely next: Fossa is expected to sign new launch contracts and open sales offices in target regions over the next 12‑18 months.
SETT participated in a €9.25 million financing round for satellite operator Fossa, led by Kibo Ventures and joined by Space Frontiers Fund II, Indico Capital Partners and WISeSat. The capital is earmarked for expanding Fossa’s international satellite deployment.
Timeline
- — SETT participa en una ronda de 9,25 millones en la compañía de satélites Fossa (Expansión)
Analysis — what this means
Likely next events
- Fossa announces first international launch partner
- SETT reports progress on satellite deployment in Q3 2026
Sectors affected
- Satellite manufacturing
- Space services
- Telecommunications
Regulatory implications
- Compliance with EU Space Regulation and licensing for orbital slots
Historical parallels
- Early‑stage European satellite firms such as OneWeb and Planet receiving state‑backed capital to expand globally