Finnish space-tech Iceye bags €300m from Scaleup Europe Fund
The Finnish company hopes to go public in Europe in the future, CEO and co-founder Rafał Modrzewski said. Read more: Finnish space-tech Iceye bags €300m from Scaleup Europe Fund
Finnish space-tech company Iceye has secured €300 million from the Scaleup Europe Fund, marking the first such backing for the start-up. Iceye, specializing in synthetic aperture radar satellite constellation technology, aims to go public in Europe in the future. The funding, co-led by the EQT-backed Scaleup Europe Fund, was part of a €1 billion Series F round, alongside investments from General Atlantic, Solidium, Tesi, Varma, Ilmarinen, Lifeline Ventures, Nokia, and the Qatar Investment Authority.
The company valued itself at €10 billion post-funding. Iceye CEO Rafał Modrzewski expressed gratitude for the European Commission's role in initiating the Scaleup Europe Fund, which now aims to grow to €25 billion. The Fund, co-led by the EQT-backed Scaleup Europe Fund, is set to support strategic sectors such as AI, quantum computing, clean energy, space technology, biotech, and medical innovation.
Written by urgent.news from Silicon Republic's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
