What is nxgsat?
NXGSAT is developing innovative software-defined satellite communication modems based on the 3GPP 5G NR NTN standard. Its cloud-native, hardware-agnostic technology aims to create interoperable 5G satellite modems, facilitating global connectivity by integrating satellite and terrestrial networks. Founded in 2024, the company is positioned at the forefront of deep-tech advancements in the telecommunications sector, addressing the growing demand for ubiquitous and reliable communication solutions.
How much funding has nxgsat raised?
nxgsat has raised a total of $1.4M across 1 funding round:
Seed
$1.4M
Seed (2025): $1.4M with participation from Imec.istart Future Fund and PMV
Key Investors in nxgsat
Imec.istart Future Fund
Imec.istart Future Fund is an early-stage venture capital fund focused on empowering companies within the imec.istart ecosystem, investing up to 2.5 million euros per company in late seed to Series A stages.
PMV
PMV is an investment company dedicated to shaping Flanders' economic future by financing companies from inception through growth and internationalization, offering tailor-made financial solutions.
What's next for nxgsat?
With this significant enterprise-level funding, NXGSAT is poised to advance its product development and market penetration. The strategic investment will likely fuel the acceleration of its 5G satellite modem launch and further enhance its cloud-native, hardware-agnostic platform. This backing signals strong confidence in NXGSAT's vision to revolutionize global connectivity by harmonizing 5G terrestrial networks with satellite infrastructure, potentially expanding its reach and impact in the telecommunications industry.
See full nxgsat company page
