€2M Boost for Connected’s Space NB-IoT Project

Connected, a Portuguese space tech startup, has secured €2M in Pre-Seed funding to develop NB-IoT connectivity from space. The company is addressing the global challenge of expanding connectivity to off-grid areas. Connected aims to provide affordable, universal NB-IoT connectivity for a range of applications, from emergency support in remote areas to precision agriculture and defense. The funding, co-led by FundBox, Shilling VC, and Iberis Capital, should help accelerate the development of Connected’s technology, with plans for space tests by the end of 2024.