Company · FI · Espoo
Iceye
Finnish space-tech company operating the worlds largest SAR satellite constellation; sovereign intelligence for defence, insurance and emergency management.
- Raised
- EUR 987.6M
- Last round
- Series C+ · 09 Jun 2026
- Momentum
- Active
- Events
- 17
- Last activity
- 23 Oct 2026
Updated 12 Sep 2026 · Reviewed 12 Sep 2026
Capital
11 rounds · 2015–2026
2014
Founded
2026
Series C+
€450.0M
12 Nov 2015
Series A
€2.6M
Cumulative €2.6M
23 Aug 2017 · +1 yr 9 mo
Additional financing
€11.0M
Cumulative €13.6M
25 Sep 2017 · +1 mo
Follow-on funding
€1.0M
Cumulative €14.6M
24 May 2018 · +8 mo
Series B
€29.0M
Cumulative €43.6M
22 Sep 2020 · +2 yr 4 mo
Series C+
€74.1M
Cumulative €117.7M
03 Feb 2022 · +1 yr 5 mo
Series C+
€120.5M
Cumulative €238.2M
17 Apr 2024 · +2 yr 2 mo
Growth
€87.4M
Cumulative €325.7M
18 Dec 2024 · +8 mo
Growth
€61.9M
Cumulative €387.6M
19 Jun 2025 · +6 mo
Grant
€41.1M
Cumulative €428.7M
08 Dec 2025 · +6 mo
Equity round
€150.0M
Cumulative €578.7M
09 Jun 2026 · +6 mo
Series C+
€450.0M
Cumulative €1.0B
Amounts in EUR, converted at the ECB rate on the event date. Funding totals exclude debt, grants and state aid; rounds whose instrument is not yet established are still counted. Every figure links to its source.
Activity
17 events
- Launch23 Oct 2026
Iceye and Nokia announced a partnership to develop broadband systems that utilize satellites in low Earth orbit, intended for government entities and to give nations ownership and control of satellite systems.
▸Source: Ny Teknik
“De finska bolagen Iceye och Nokia ska lösa Ukrainas behov av satellitkommunikation. Parterna ska undersöka hur ett eget system för bredband från rymden kan byggas upp.”
- Launch12 Oct 2026
ICEYE and Nokia have partnered to target government and defense markets with sovereign satellite networks.
arcticstartup.com/iceye-and-nokia-partner
▸Source: ArcticStartup
“Helsinki-based space technology company ICEYE has partnered with Nokia to develop secure, sovereign low Earth orbit (LEO) satellite communications systems for governments and defence customers. The…”
- Launch01 Oct 2026
Iceye and Nokia are launching a new satellite service system for defense needs, aiming to build communication systems in low Earth orbit.
▸Source: Kauppalehti
“Nokia ja Iceye käynnistävät uuden satelliittipalvelujärjestelmän puolustusalan tarpeisiin.”
- Launch07 Sep 2026
ICEYE has partnered with Sompo Japan Insurance to deploy its Flood Insights solution for faster flood claims processing.
▸Source: ArcticStartup
“ICEYE, the Finnish space intelligence company, has partnered with Japanese insurer Sompo Japan Insurance to deploy its Flood Insights solution for faster flood claims response. ICEYE’s…”
- Launch28 Aug 2026
ICEYE is partnering with The Water Institute to combine satellite-based flood observations with predictive flood modeling for governments and insurers.
▸Source: ArcticStartup
“ICEYE is partnering with The Water Institute to combine satellite-based flood observations with predictive flood modeling for governments, insurers and emergency management organizations in the US.…”
- Funding09 Jun 2026EUR 450.0M
ICEYE raised exactly €450 million in primary Series F financing led by General Atlantic at a valuation above €10 billion; together with a secondary placement, the overall transaction exceeded €1 billion.
▸Source: iceye.com
- Exit08 Dec 2025EUR 50.0M
ICEYE completed a €50 million secondary share sale for early investors alongside its separate €150 million primary equity round.
▸Source: techfundingnews.com
- Funding08 Dec 2025EUR 150.0M
ICEYE raised €150 million in new equity led by General Catalyst at a €2.4 billion valuation; a separate €50 million secondary sale for early investors accompanied the transaction.
▸Source: techfundingnews.com
- Funding19 Jun 2025EUR 41.1M
Business Finland awarded ICEYE €41.1 million for R&D, comprising €5.7 million in non-dilutive grants and €35.4 million in development loans, as part of ICEYE's larger investment program.
▸Source: iceye.com
- Funding18 Dec 2024EUR 61.9M
ICEYE closed a $65 million debt-and-equity extension to its April growth round, bringing its total raised during 2024 to $158 million.
▸Source: iceye.com
- Funding17 Apr 2024EUR 87.4M
ICEYE signed an oversubscribed $93 million growth funding round led by Finnish sovereign wealth fund Solidium Oy to expand its SAR constellation and data products.
▸Source: iceye.com
- Funding03 Feb 2022EUR 120.5M
ICEYE closed a $136 million Series D led by Seraphim Space to expand its SAR constellation, catastrophe products, analytics, and global operations.
▸Source: iceye.com
- Funding22 Sep 2020EUR 74.1M
ICEYE closed an $87 million Series C led by True Ventures, with a significant investment from OTB Ventures, to expand its SAR satellite constellation and imaging services.
▸Source: iceye.com
- Funding24 May 2018EUR 29.0M
ICEYE raised $34 million in Series B financing led by True Ventures to expand analytics, develop its SAR technology, and fund additional satellite launches.
▸Source: iceye.com
- Funding25 Sep 2017EUR 1.0M
ICEYE announced $1.2 million in new funding led by Seraphim Capital to scale development of its SAR microsatellite technology for upcoming launches; ICEYE explicitly described it as new funding after the separate $13 million financing announced the previous month.
▸Source: iceye.com
- Funding23 Aug 2017EUR 11.0M
ICEYE announced $13 million in additional financing, including an $8.5 million round led by Draper Nexus and further funding from Finland's Tekes agency, to scale manufacturing and satellite launches.
▸Source: iceye.com
- Funding12 Nov 2015EUR 2.6M
ICEYE raised a $2.8 million Series A led by True Ventures, with Lifeline Ventures and Founder.org participating, to help launch its first radar-based microsatellites.
▸Source: iceye.com
People
3 people
Justin Hotard
CEO
Co-Founder
CEO, Co-Founder
Questions
6 answers
- What does Iceye do?
- Finnish space-tech company operating the worlds largest SAR satellite constellation; sovereign intelligence for defence, insurance and emergency management.
- When was Iceye founded?
- Iceye was founded in 2014.
- Where is Iceye headquartered?
- Iceye is headquartered in Espoo, Finland.
- How much funding has Iceye raised?
- Iceye has raised €1.0B (across 11 rounds · last 09 Jun 2026).
- What was Iceye's latest funding round?
- Iceye's most recent disclosed round was a Series F primary financing round of €450.0M, announced 9 June 2026.
- Who has invested in Iceye?
- Investors in Iceye include General Atlantic, General Catalyst, BlackRock, Lifeline Ventures, Nokia, Tesi.
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