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High Tech Series B Founded 2016

OQ Technology

Provider of global satellite network for IoT communication. It provides a low-cost data plan and easy-to-operate network to serve new types of assets and markets that traditional terrestrial and satellite network operators cannot support. Some of these are remote, critical, mobile, and inaccessible assets. Its features include connectivity, scalability, management, and analysis. Founded in 2016, headquartered in…

📍 Leudelange, Luxembourg · Internet of Things Infrastructure

Funding snapshot

Last roundSeries B
Amount$29M
Date25 February 2026
Total raised$13M
Team size60

About

Provider of global satellite network for IoT communication. It provides a low-cost data plan and easy-to-operate network to serve new types of assets and markets that traditional terrestrial and satellite network operators cannot support. Some of these are remote, critical, mobile, and inaccessible assets. Its features include connectivity, scalability, management, and analysis. Founded in 2016, headquartered in Leudelange, Luxembourg. OQ Technology operates in the Internet of Things Infrastructure sector. The company focuses on Satellite. The company has raised $12.9M in Series B funding. Notable investors include 5G Ventures, Wa'ed Ventures, Public.lu, SES Satellites, Gouvernement, Europa, among others. The company is categorized under High Tech > Internet of Things Infrastructure.

Business model

Internet of Things Infrastructure > IoT Connectivity > Satellite

Institutional investors

5G Ventures Wa'ed Ventures Public.lu SES Satellites Gouvernement Europa European Innovation Council European Investment Bank Seedtable

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