Sector · Space and Aviation

Space and Aviation startups in the Nordics and Baltics

Satellites, earth observation, drones, and aviation technology from the Nordic-Baltic region.

Companies: 13
Rounds: 20
Capital raised: EUR 1.1B
Last activity: 28 Jul 2026

Sub-sectors

Recent events

Launch · 28 Jul · —
SUBmerge Baltic
SubMerge Baltics signed a cooperation memorandum with Naval Group for the integration of its autonomous underwater drones into Naval Group's ships.
Launch · 27 Jul · —
Tornyol
The mosquito drone developed by Tornyol identifies the flight of mosquitoes using ultrasound and attacks them. The device is available for pre-order in the United States.
Launch · 27 Jul · —
Kuva Space
Kuva Space has entered into a memorandum of understanding with Japan’s IHI Corporation to assess the development of a sovereign hyperspectral satellite constellation.
Funding · 21 Jul · EUR 5.0M
ORiS
ORiS has secured €5M in funding to advance its laser-based wireless power transmission technology.
Funding · 15 Jul · EUR 1.5M
Donut Lab Development OÜ
Donut Lab Development OÜ received nearly 1.5 million euros in grants from the Estonian government for drone development projects.
Launch · 08 Jul · —
SUBmerge Baltic
SUBmerge Baltic signed a memorandum of cooperation with Naval Group to integrate their underwater drones with Naval Group's control systems, enhancing interoperability and expanding market applications.
Funding · 09 Jun · EUR 450.0M
Iceye
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.
Funding · 07 May · EUR 3.0M
Deep Forestry
Skogsdrönare from Uppsala has raised 33 million SEK in funding.
Launch · 01 May · —
Metaktik
Metaktik has launched a new technology for military use, integrating flexible antennas into vessels and vehicles.
Funding · 14 Apr · EUR 15.0M
Kelluu
Kelluu raised EUR 15.0M in Series A, led by NATO Innovation Fund.
Exit · 02 Apr · —
Atol Aviation
Atol Aviation, acquisition by Sensofusion.
Funding · 30 Mar · EUR 1.0M
Metaktik
Aalto University spin-off Metaktik secured EUR 1M in pre-seed funding backed by Maki.vc to commercialise lightweight metasurface antennas for defence, aerospace and telecom markets.
Exit · 08 Dec · EUR 50.0M
Iceye
ICEYE completed a €50 million secondary share sale for early investors alongside its separate €150 million primary equity round.
Funding · 08 Dec · EUR 150.0M
Iceye
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.
Funding · 31 Oct · EUR 1
Luna Robotics
Luna Robotics raised €1.08 million from Coinvest Capital, Plug & Play EMEA Ventures GmbH, and international business angels to advance its defense tech innovation.
Funding · 03 Jul · EUR 2.5M
Nordic Air Defence
Nordic Air Defence raised EUR 2.5M in pre-seed, led by Inflection.
Funding · 19 Jun · EUR 41.1M
Iceye
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.
Funding · 06 Jun · EUR 5.6M
Lendurai
Lendurai raised EUR 5.6M in seed.
Funding · 18 Dec · EUR 61.9M
Iceye
ICEYE closed a $65 million debt-and-equity extension to its April growth round, bringing its total raised during 2024 to $158 million.
Funding · 12 Nov · EUR 1.2M
Nordic Air Defence
Nordic Air Defence secured EUR 1.2 million led by SNÖ Ventures in the second close of a strategic round to advance its supply-chain-independent drone-defence technology.
Funding · 17 Apr · EUR 87.4M
Iceye
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.
Funding · 03 Feb · EUR 120.5M
Iceye
ICEYE closed a $136 million Series D led by Seraphim Space to expand its SAR constellation, catastrophe products, analytics, and global operations.
Funding · 22 Sep · EUR 74.1M
Iceye
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.
Funding · 24 May · EUR 29.0M
Iceye
ICEYE raised $34 million in Series B financing led by True Ventures to expand analytics, develop its SAR technology, and fund additional satellite launches.
Funding · 25 Sep · EUR 1.0M
Iceye
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.
Funding · 23 Aug · EUR 11.0M
Iceye
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.
Funding · 12 Nov · EUR 2.6M
Iceye
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.

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