Iceye Raises USD136M in Series D Funding
Summary
In conjunction with OTB Ventures, the European Investment Fund (EIF) participated as an investor through the InnovFin For Equity (IFE) program, which is backed by the European Commission. The company intends to use the funds to accelerate the continued expansion of its synthetic aperture radar (SAR) satellite constellation, and grow its Natural Catastrophe (NatCat) Insights and Solutions offering. Led by Rafal Modrzewski, CEO and Co-founder, Iceye designs, manufactures, and operates its SAR satellites in-house, with manufacturing timelines brought down to a few months for its spacecraft. On January 13, 2022, the company launched two SAR satellites from Cape Canaveral, Florida. Iceye has launched 16 satellite missions in total since its spacecraft was placed into orbit only four years ago.
Funding
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