nxgsat Seed 2025

TLDR

nxgsat raised EUR 1.2M in a seed round in October 2025 from PMV and imec.istart to develop its 5G satellite modem technology.

Overview

The EUR 1.2M seed from PMV (ParticipatieMaatschappij Vlaanderen) and imec.istart provides nxgsat with initial capital to develop its satellite modem technology targeting 5G non-terrestrial network (NTN) applications. imec.istart's involvement indicates that nxgsat has deep tech hardware components, likely drawing on the expertise and facilities of imec's semiconductor research ecosystem in Leuven.

PMV's co-investment reflects the Flemish government's priority to support deep tech companies in strategically important sectors including space and advanced wireless communications.