Europe’s Starlink Alternative? Finnish Startup ReOrbit Scores Record €45M to Help Nations Own Satellites

A Finnish space startup is rewriting the rules of satellite ownership, raising a record €45 million (about $53 million) in Series A funding to give countries control over their own orbiting networks.

ReOrbit, founded in 2019 in Helsinki, provides both hardware and software for independent satellite operations, aiming to offer nations a Starlink-like connectivity option without ceding control to private corporations.

CEO Sethu Saveda Suvanam likens ReOrbit’s software layer to Apple’s iOS, powering both its geostationary SiltaSat and low earth orbit UkkoSat satellites. The flexibility has already secured “hundreds of millions” in contracts and multiple MOUs with governments seeking secure communications, defense, and infrastructure independence.

The funding round, organized by Springvest, included a €8 million public share issue snapped up in just 4.5 hours, marking Finland’s fastest-ever public offering. Institutional investors from across the Nordics contributed the remaining €37 million, reflecting growing regional confidence in Europe’s space tech sector.

With competitors like Astranis and geopolitical tensions highlighting the strategic importance of satellite sovereignty, ReOrbit is positioning itself as a neutral European player.

Next on its agenda is a satellite demonstration with the European Space Agency set for launch in the second quarter of 2026. Saveda Suvanam’s ambitious target: a €1 billion order book and a sales unicorn status within four years.