Skylo raises $30M

Company: Skylo
Round: Growth
Amount: $30M
Investors: NGP Capital (lead)
Announced: February 27, 2025

What happened

Skylo raised an oversubscribed $30 million round led by NGP Capital to scale its direct-to-device satellite service worldwide, building on commercial launches with major carriers and device makers.

Why it matters

A fast follow-on for Skylo confirms D2D satellite has moved from experiment to commercial scale-up — satellite messaging is becoming a bundled expectation in mainstream wireless plans.

Satellite

Direct-to-device

Source: Skylo

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