When was nxgsat founded?

nxgsat was founded in 2024 and raised its 1st funding round 1 year after it was founded.

Where is nxgsat located?

nxgsat is headquartered in Ghent, Belgium.

How many employees does nxgsat have?

As of Mar 31, 2026, the latest employee count at nxgsat is 12.

Is nxgsat a funded company?

nxgsat is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Oct 21, 2025.

When was the latest funding round of nxgsat?

nxgsat's latest funding was a $***** Seed round on Oct 21, 2025, with participation from 2 investors.

Where does nxgsat rank among its competitors?

nxgsat ranks 20th amongst 172 active competitors, of which 26 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was EnduroSat, which secured $104M in Oct, 2025.

Who are the top competitors of nxgsat?

nxgsat's top competitors include Terran Orbital, Apex and ReOrbit. Among them, EnduroSat secured the most recent funding round in October, 2025.

nxgsat - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of software-defined satellite communication modems based on the 3GPP standard. The company focuses on creating solutions for satellite communication, utilizing software to define modem functionality. Its products aim to connect users to satellite networks. The business model centers on the development and distribution of these modems.

Website: nxgsat.com
Email ID: *****@nxgsat.com

Key Metrics

Founded Year

2024

Location

Ghent, Belgium

Stage

Seed

Total Funding

$1.4M in 1 round

Latest Funding Round

Seed, Oct 21, 2025, $*****

Investors

PMV & 1 more

Ranked

20^th among 172 active competitors

Employee Count

12 as on Mar 31, 2026

Similar Companies

Terran Orbital & 191 more

View nxgsat's full profile

nxgsat has raised a total funding of $1.4M over 1 round. Its latest funding round was a Seed round on Oct 21, 2025 for $*****. 2 investors participated in its latest round. nxgsat has 2 institutional investors.

Here is the list of recent funding rounds of nxgsat:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 21, 2025	9273596	Seed	2699493	9000166	9192978	2515502

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View details of nxgsat's funding rounds and investors

The founders of nxgsat are Jose Laffitte and Bram Van Nieuwerburgh.

Here are the details of nxgsat's key team members:

Jose Laffitte: Co-Founder of nxgsat.
Contact Info: 1 email address
Bram Van Nieuwerburgh: Co-Founder of nxgsat.

View details of nxgsat's Founder profiles and Board Members

nxgsat's employee count trend

nxgsat has 12 employees as of Mar 26. Here is nxgsat's employee count trend over the years:

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Top competitors of nxgsat include Terran Orbital, Apex and ReOrbit. Here is the list of Top 10 competitors of nxgsat, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Terran Orbital 2013, Irvine (United States), Acquired	Provider of hardware for satellites	$144M	Goldman Sachs Investment Partners, Lockheed Martin ... & 9 others	73/100
2nd	Apex 2022, Los Angeles (United States), Series D	Manufacturer of configurable satellite platforms designed for various mission requirements	$518M	Andreessen Horowitz, 8VC & 22 others	66/100
3rd	ReOrbit 2019, Helsinki (Finland), Series A	Manufacturer of sovereign satellites and connected systems for national security	$60.2M	Springvest, Inventure & 10 others	66/100
4th	Blue Canyon Tech 2008, Boulder (United States), Acquired	Developer of satellites and spacecraft	-	-	62/100
5th	XDLINX 2022, Hyderabad (India), Seed	Developer of satellite platforms for intelligence, surveillance, and reconnaissance missions	$7.22M	Lucky Investment Managers, Mana Ventures & 5 others	62/100
6th	NaraSpace 2015, Busan (South Korea), Public	Manufacturer of nano satellites	$24.3M	Shinhan Venture Investment, Samsung Securities ... & 12 others	60/100
7th	EnduroSat 2015, Sofia (Bulgaria), Series B	Manufacturer of small satellite platforms, components, and related space services	$167M	Freigeist Capital, Founders Fund & 14 others	60/100
8th	NanoAvionics 2014, Vilnius (Lithuania), Acquired	Developer of nano-satellite buses	-	ESA, Startup Scaleup & 2 others	60/100
9th	SSTL 1985, Guildford (United Kingdom), Acquired	Manufacturer of small satellites	-	Gov, SpaceX & 2 others	59/100
10th	Quantum Space 2022, Rockville (United States), Series A	Developer of maneuverable spacecraft for defense and commercial on-orbit missions	$57M	Sporos, Prime Movers Lab & 1 others	59/100
20th	nxgsat 2024, Ghent (Belgium), Seed	Developer of software-defined satellite communication modems based on the 3GPP standard	$1.4M	PMV, imec.istart future fund	51/100