Cuatrecasas guides SATLANTIS´ €14m capital increase
Cuatrecasas has advised Vasque space company SATLANTIS on a capital increase of €14 million through an investment round
SATLANTIS has closed its second investment round of €14 million, involving public and private venture funds and companies, headed by Enagás – through Enagás Emprende – and by SEPIDES – from SEPI group. These new partners are accompanied by AXIS-ICO, ORZA and Diputación Foral de Bizkaia, SATLANTIS’ investors since 2016.
SATLANTIS, global player in the Earth Observation market for small satellites, counts with a top-level investor group and a distinguished Board of Directors, chaired by Jean-Jacques Dordain, former director-general of ESA.
With this new milestone, SATLANTIS is confirmed as a provider of satellite solutions, focused on environmental challenges like detection of methane and plastic at sea. A transition that makes the company able to cover the entire value chain, connecting a disruptive technology to the end-user needs.
SATLANTIS will offer a very accurate detection (5m) of methane emissions, a performance never before provided via satellite. A technology pioneering project that meets Enagás commitment to achieve zero emissions by 2040 and constitutes, at national and international level, an impulse towards a more sustainable future and an advancement in terms of emissions detection.
The second round represents a turning point for SATLANTIS, accompanied by old and new investors, to face new challenges, including the internationalization to countries like United States, United Kingdom and United Arab Emirates.
Cuatrecasas advised SATLANTIS with a Bilbao office team led by M&A partner José Ramón Berecibar (pictured), together with lawyers Ander Barroetabeña and Daniel Acedo.
