ICEYE raises USD 136M in Series D funding round
HELSINKI, Feb. 3, 2022 /PRNewswire/ -- ICEYE, a world-leading SAR data provider and expert in NatCat solutions, today announced the closing of a $136M Series D funding round, led by long-standing investor Seraphim Space. New strategic investors to ICEYE also include BAE Systems and Kajima Ventures. In addition, Molten Ventures, OTB Ventures, True Ventures, C16 Ventures, Chione Ltd, Services Group of America, the UK's National Security Strategic Investment Fund (NSSIF), Space Capital and Promus Ventures have also participated in the funding round. Morgan Stanley & Co. LLC served as placement agent for the transaction.
- HELSINKI, Feb. 3, 2022 /PRNewswire/ -- ICEYE, a world-leading SAR data provider and expert in NatCat solutions, today announced the closing of a $136M Series D funding round, led by long-standing investor Seraphim Space.
- With this latest funding round, ICEYE has raised a total of $304M in financing since 2015.
- "This round of funding shows the confidence our new and returning investors have in ICEYE and ensures the company will continue on its path for growth," said Susan Repo, Chief Financial Officer at ICEYE.
- ICEYE designs, manufactures, and operates its SAR satellites in-house, with manufacturing timelines brought down to a few months for its spacecraft.