The Series A funding round was led by GVFL, with participation from Veloce Opportunities Fund, JITO, We Founder Circle, Sunicon Ventures Fund, Progrowth Ventures, and Hyderabad Angels.
The capital will be deployed towards the development of SatLeo's proprietary dual-band thermal imaging payload, regulatory clearances, team expansion, and infrastructure enhancement, enabling the company to scale its space-based intelligence offerings.
GVFL aims to invest in 25–30 startups operating in B2B SaaS, health-tech, agri-tech, climate-tech, and deep-tech sectors with investments in the range of INR 1 crore to INR 3 crore each in the next year.