Operator of the largest SAR satellite constellation for sovereign Earth observation and intelligence.
Pure science fiction, except it ships. ICEYE operates the world's largest constellation of synthetic-aperture-radar satellites, which means it can image any point on the planet at night, through cloud, through smoke, exactly when ordinary cameras go blind. Governments use it for sovereign Earth observation and intelligence. That capability is the whole company, and it came from patient, deep engineering that started as a Helsinki university lab. The reward: a €450M Series F led by General Atlantic, past €1B with the secondary, at a valuation north of €10B.
Read the full weekly →Around 1,013 people on the team.
ICEYE operates from Helsinki (15% of a 1013-person team, with another 10% in London) and has raised $1,527M across nine rounds. Its cap table leans heavily Finnish and institutional, backed by Solidium, Ilmarinen, Varma and Nokia alongside Lifeline Ventures and General Atlantic. Through shared capital it connects most closely to Anthropic (4 common investors) and FintechOS (4), with thinner overlaps to Verda, Satellite Vu, FlixMobility, Steady Energy and Databricks. With a network centrality score of 75, ICEYE sits at the intersection of a Nordic sovereign-capital cluster and a broader frontier-tech group spanning Earth observation peers like Satellite Vu and deep-tech names such as Anthropic and Databricks.
| Date | Round | Amount |
|---|---|---|
| Jun 2026 | Series D Plus Finnish SAR satellite company ICEYE raised a 450M EUR primary Series F led by General Atlantic at a valuation above 10B EUR; with a secondary placement the round tops 1B EUR. | $522M |
| Jun 2026 | Grant Business Finland approved a €28.3M continuation R&D grant for ICEYE to advance next-generation SAR and AI-enabled satellite intelligence. | $32.8M |
| May 2026 | Debt Finnish spacetech ICEYE originated a €300M three-year revolving credit facility from a seven-bank syndicate to support contract guarantees and growth, after posting over €250M revenue and €100M EBITDA in 2025. | $348M |
| Dec 2025 | Funding round Alongside the 150 million round, Iceye's early investors sold 50 million euros of shares in a secondary transaction. | $58M |
| Dec 2025 | Funding round Finland's Iceye raised 150 million euros in equity led by General Catalyst at a 2.4 billion euro valuation, to expand its intelligence software and data services. | $174M |
| Aug 2025 | Growth The Vinci fund of Polish state bank BGK invested over 40 million zloty in ICEYE, with the option to increase its commitment. | $10.9M |
| Dec 2024 | Growth Finnish satellite-imaging firm ICEYE raised a USD 65M debt-and-equity extension to its growth round, with backers including Solidium, BlackRock and Seraphim. | $65M |
| Apr 2024 | Growth ICEYE, an Espoo SAR-satellite company, raised an oversubscribed $93M growth round led by Solidium Oy. | $93M |
| Feb 2022 | Series D Plus Espoo space-tech ICEYE raised a USD136M Series D led by Seraphim Space to expand its SAR satellite constellation. | $136M |
| Sep 2020 | Series C Finnish spacetech ICEYE raised a EUR74M Series C round led by True Ventures with OTB Ventures. | $87M |
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