Finland-based ICEYE has secured EUR 120 million in growth funding in a Series D round. The company develops radar imaging satellites, and the existing constellation of 16 satellites makes it already a market leader.

The imaging data collected from the synthetic aperture radar (SAR) satellites is also the base for the company’s information service, with which customers can assess their impact on the environment and vice versa. This way, they can plan preparations for and actions taken after natural disasters, allocate humanitarian aid and monitor the effects of climate change.

With the recent funding round, ICEYE has secured in total EUR 270 million in growth funding since 2015. Tesi made the initial investment in the company in 2018.

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Further information:

Juha Lehtola, Director, Venture Capital investments
+358 400 647 671


Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 2.1 billion euros. www.tesi.fi | @TesiFII

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