FOSSA
Latest round
- Series A
Last raised
- Jun 2024
Total raised
- $6.7M
Investors
- 4
About FOSSA
L. provides advanced Satellite IoT solutions utilizing nanosatellite technology to improve connectivity across various industries worldwide.L. specializes in Satellite IoT, focusing on nanosatellite technology for enhanced communication. Founded in 2020, the company is headquartered in Madrid, Spain. The founders, Julian Fernandez and Vicente Negro, have a background in technology innovation.3 million. FOSSA Systems specializes in providing Satellite IoT solutions, leveraging nanosatellite technology to enhance connectivity across various industries. Their primary offerings include nanosatellites, satellite ground stations, and the FOSSA Nexus, an IoT gateway designed for reliable communication in remote environments. These products serve diverse use cases such as cathodic protection for pipeline monitoring and smart farming for livestock management, effectively addressing challenges related to connectivity in regions lacking cellular coverage. The company serves a broad client base that includes corporate enterprises and small to medium-sized enterprises (SMEs) across sectors like energy and utilities, logistics, national security, and agriculture. FOSSA's solutions are deployed in various international markets, ensuring global coverage and accessibility.90. The company generates revenue primarily through subscriptions and partnerships, offering tailored satellite connectivity solutions to its clients. Their business model revolves around providing B2B services, where organizations contract for reliable satellite connectivity for their IoT devices, typically involving recurring fees based on service usage and specific solutions provided. Key products such as the FOSSA Nexus facilitate ongoing connectivity, while additional offerings, including satellite ground stations, enhance operational capabilities for clients.L. They are also focusing on designing and launching new products to improve their service offerings and are looking to expand into new markets, specifically targeting regions with limited connectivity by the end of 2025.
Who invested in FOSSA
4 investors across 1 round
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Funding rounds
Series A
Jun 17, 2024
Amount
$6.7M
Investors
Questions about FOSSA
Who invested in FOSSA?
FOSSA has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has FOSSA raised?
FOSSA has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did FOSSA last raise money?
FOSSA's most recent round on record is a Series A, in Jun 2024.
What does FOSSA do?
FOSSA is a aerospace company.
Where is FOSSA headquartered?
FOSSA is headquartered in Madrid, Spain.
Which VCs invest in companies like FOSSA?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back aerospace companies at FOSSA's stage. Their profiles are linked below.
VCs backing aerospace startups at Series A
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