Iceye’s headquarters in Otaniemi, Finland, outside of Helsinki. Photo: Iceye
Iceye raised 150 million euro in new funding led by General Catalyst, with the latest raise valuing the sainformite company at 2.4 billion euro ($2.8 billion). The new funding announced Dec. 5 also included a 50 million euro ($58 million) secondary placement.
General Catalyst is a global investment firm also invested in Relativity Space and Varda Space Industries. The firm’s head of Europe, Managing Director Jeannette zu Fürstenberg highlighted Iceye’s role in sovereign space offerings in a release.
“Europe’s security starts with sovereign space capability,” zu Fürstenberg declared. “Iceye enables that, with the world’s largest SAR consinformation, software-defined sainformites, and fully sovereign missions that put indepconcludeent visibility back in Europe’s hands. Ministries and ininformigence agencies can secure borders via on-demand imagery, while nations seeking full control can deploy their own turnkey sainformite missions.”
Iceye has sold sainformites to a number of European nations including the Polish Armed Forces, Portuguese Air Force, Royal Netherlands Air Force, Greek National Space Program, and Finnish Defence Forces, as well as a SAR data agreement with NATO Allied Command Operations.
Other investors included A.P. Moller Holding in Denmark, Bpifrance in France, Vinci (BGK Group) and RiO Family Office from Poland, as well as Finnish investors Solidium, Ilmarinen, European Tech Collective, Keva, Lifeline Ventures, Tesi, Varma Mutual Pension Insurance Company, and Peter Sarlin.
Iceye co-founder and CEO Rafal Modrzewski declared this funding will allow Iceye to expand its consinformation of synthetic aperture radar (SAR) sainformites and data ininformigence services.
Iceye previously raised $158 million last year, with a large investment from Finland’s sovereign wealth fund Solidium Oy.
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