ICEYE
Summary active Updated Jun 3, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
ICEYE is a Finnish space technology company headquartered in Espoo that operates the world’s largest synthetic aperture radar (SAR) satellite constellation, providing persistent monitoring capabilities to governments, defense, intelligence, insurance, and environmental monitoring customers globally 12. Founded in 2014 by Rafal Modrzewski (CEO) and Pekka Laurila, ICEYE pioneered small SAR satellites capable of imaging the Earth through clouds and darkness 1. As of the 2026 Series F, seven European governments had procured sovereign satellite systems from ICEYE 12. The company reported crossing over €250 million in revenue and over €100 million in EBITDA in 2025, with a contracted backlog exceeding €1.5 billion 12.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-09 | Series F (primary) | €450M | General Atlantic | Solidium, Tesi, Varma, Ilmarinen, Lifeline Ventures, Nokia, Qatar Investment Authority, TCV 1234 |
Total Series F including secondary placement exceeded €1 billion at a valuation of over €10 billion 123.
What Investors Say
No independently sourced investor quotes about the round available at time of profile creation.
What Founders Say
No independently sourced founder testimonials found at time of profile creation.
Sources
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ICEYE press release, “ICEYE leads a new era of sovereign intelligence from space with €1B funding round,” June 9, 2026, accessed June 2026. https://www.iceye.com/newsroom/press-releases/iceye-leads-a-new-era-of-sovereign-intelligence-from-space-with-1b-funding-round↩↩↩↩↩↩
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General Atlantic, “ICEYE leads a new era of sovereign intelligence from space with €1Bn fundraising round,” June 9, 2026, accessed June 2026. https://www.generalatlantic.com/media-article/iceye-leads-a-new-era-of-sovereign-intelligence-from-space-with-e1bn-fundraising-round/↩↩↩↩↩
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Payload Space, “ICEYE, Isar Aerospace Announce Significant Funding Rounds,” June 2026, accessed June 2026. https://payloadspace.com/iceye-isar-aerospace-announce-significant-funding-rounds/↩↩
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EU-Startups, “Finland’s ICEYE raises €450 million in landmark round for Europe’s dual-use spacetech sector,” June 2026, accessed June 2026. https://www.eu-startups.com/2026/06/finlands-iceye-raises-e450-million-in-landmark-round-for-europes-dual-use-spacetech-sector/↩