ICEYE closes EUR 150M Series E at EUR 2.4B valuation
ICEYE closed EUR 150 million in primary Series E funding led by General Catalyst, alongside a separate EUR 50 million secondary placement, at a EUR 2.4 billion valuation.
Why it matters
ICEYE completed a primary Series E led by General Catalyst alongside a separately disclosed secondary placement.
Evidence notes
- Participants included A.P. Moller Holding, Bpifrance, Vinci of BGK Group, RiO Family Office and a group of Finnish institutional investors.
- ICEYE plans to use the primary capital to expand its SAR constellation and accelerate sovereign satellite systems, sensing and data-intelligence services.
- The company had launched 62 satellites and targeted an average production rate of one satellite per week in the following year.
Company context
ICEYE is a Finnish satellite manufacturer and operator providing SAR imagery, analytics and turnkey sovereign reconnaissance constellations.