Satellite Startup Univity Raises $32 Million in Push to Become Europe's Largest Operator
Univity, a French satellite internet startup, has raised $32 million in Series A funding to build Europe's largest VLEO satellite constellation. The company plans to launch up to 3,400 satellites to provide internet and mobile services to telecom operators.
Univity, a satellite internet startup backed by the French state, has secured $32 million in Series A funding. The total secured funding now stands at $80 million, including a $36 million contract from the French space agency. Univity plans to build a fleet of up to 3,400 satellites in very low Earth orbit, targeting telecom operators rather than consumers. The company has signed agreements with 16 operators across four continents. Univity will manufacture satellites in-house near Toulouse to control costs. The funding will allow the company to launch its first two satellites before moving to an infrastructure financing model for large-scale deployment from 2028.
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