Sateliot, a Barcelona-based satellite startup, is seeking to raise up to €150 million ($172 million), a 50% increase from the €100 million round it announced in April. The company operates a network of low-Earth orbit satellites and plans to use the funding to deploy 16 more over the next year.
Source: [TNW](https://thenextweb.com/news/sateliot-150-million-satellite-5g-smartphones-europe)