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Synopsis
General Catalyst, a venture capital firm, led a €150m Series E round in ICEYE, a Finnish microsatellite manufacturer providing synthetic aperture radar satellite operations, with participation from AP Moller Holding, Bpifrance, Vinci (BGK Group), RiO ASI, Solidium, Ilmarinen, European Tech Collective, Keva, Lifeline Ventures, Tesi, Varma Mutual Pension Insurance Company, and Peter Sarlin. "Europe’s security starts with sovereign space capability. ICEYE enables that, with the world’s largest SAR constellation, software-defined satellites, and fully sovereign missions that put independent visibility back in Europe’s hands. Ministries and intelligence agencies can secure borders via on-demand imagery, while nations seeking full control can deploy their own turnkey satellite missions. That’s why we see ICEYE as a rising global space prime,” Jeannette zu Fürstenberg, General Catalyst Managing Director and Head of Europe.
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