# Iceye

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iceye

- Industry: Aerospace
- Headquarters: Espoo, Finland
- Website: www.iceye.com/
- Total disclosed funding: $957M
- Latest round: Series F (Jun 9, 2026)
- Investors on record: 34

## About

Iceye Oy, based in Finland, specializes in advanced Synthetic Aperture Radar (SAR) satellite imagery and data solutions, delivering high-resolution images for various applications including disaster management and environmental monitoring. Iceye Oy was founded in 2015 and Pekka Laurila and operates from Espoo, Finland. The company focuses on providing satellite imagery solutions using its proprietary SAR technology. Co-founded by CSO Pekka Laurila and CEO Rafal Modrzewski, the company is currently led by COO Eric Jensen in its mission to enhance satellite data accessibility. Iceye specializes in providing advanced Synthetic Aperture Radar (SAR) satellite imagery and data solutions. Their primary offerings include high-resolution satellite images with capabilities of achieving resolutions as fine as 16 cm, enabling detailed analysis for various applications. Iceye's technology supports real-time Earth observation, facilitating tactical decision-making across numerous sectors, including disaster management, insurance, government, and utility services. Key end use cases involve monitoring natural catastrophes, such as floods, hurricanes, and wildfires, allowing organizations to assess damage and coordinate responses effectively. The company serves a diverse client base that encompasses government agencies, insurance firms, and utility companies across various regions, including North America, Europe, and Asia-Pacific, where their products are utilized to enhance community resilience and operational readiness.Iceye's revenue for the most recent year, 2023, amounts to USD 97.04 mn, with an EBITDA of USD -17.76 mn. The company's revenue model is driven primarily by B2B transactions, focusing on partnerships and subscriptions for their satellite data services. Clients engage through tailored agreements that provide access to high-resolution imagery and data analytics for specific projects or ongoing monitoring needs. In June 2026, Iceye raised EUR 450 million in series F funding led by General Atlantic and EQT with participation from Nokia, TCV, Qatar Investment Authority, Lifeline Ventures, Varma Mutual Pension Insurance Company, Solidium, Ilmarinen Mutual Pension Insurance Company and Tesi. The company will use the June 2026 funding to expand its global presence and improve its satellite-based intelligence capabilities.

## Funding rounds

- Series F, Jun 9, 2026, $523M — EQT, TCV, General Atlantic, Ilmarinen Mutual Pension Insurance Company, Tesi, Varma Mutual Pension Insurance Company, Lifeline Ventures, Nokia, Solidium, Qatar Investment Authority
- Series E, Dec 5, 2025, $175M — General Catalyst Partners, Keva, Tesi, Bpifrance Investissement Régions, Lifeline Ventures, Ilmarinen Mutual Pension, Varma Mutual Pension Insurance Company, A.P. Moller Holding, Solidium, Vinci
- Series D, Feb 3, 2022, $136M — Molten Ventures, European Investment Fund, True Ventures, Seraphim Space Manager, British Business Bank, BAE Systems, Promus Ventures, Chione, OTB Ventures, Space Capital, KAJIMA CORPORATION, Services Group of America, C16 Ventures
- Series C, Sep 22, 2020, $87M — Molten Ventures, European Investment Fund, Tesi, True Ventures, Seraphim Space Manager, DNX Ventures, Promus Ventures, Draper, Space Angels, OTB Ventures, NewSpace Capital
- Series B, May 24, 2018, $34M — Molten Ventures, True Ventures, Seraphim Space Manager, Tesi, DNX Ventures, Promus Ventures, Draper, Space Angels, OTB Ventures
- Series A, Nov 12, 2015, $2.8M — True Ventures, Lifeline Ventures, Founder.org

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Series A, Series B, Series C, Series D
- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Series A, Series E, Series F
- Founder.org — Series A
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series B, Series C, Series D
- Seraphim Space Manager (https://capitalatlas.ai/funds/seraphim-space-manager) — Series B, Series C, Series D
- Tesi (https://capitalatlas.ai/funds/tesi) — Series B, Series C, Series E, Series F
- DNX Ventures (https://capitalatlas.ai/funds/dnx-ventures) — Series B, Series C
- Promus Ventures (https://capitalatlas.ai/funds/promus-ventures) — Series B, Series C, Series D
- Draper (https://capitalatlas.ai/funds/draper) — Series B, Series C
- Space Angels (https://capitalatlas.ai/funds/space-angels) — Series B, Series C
- OTB Ventures (https://capitalatlas.ai/funds/otb-ventures) — Series B, Series C, Series D
- European Investment Fund (https://capitalatlas.ai/funds/european-investment-fund) — Series C, Series D
- NewSpace Capital (https://capitalatlas.ai/funds/newspace-capital) — Series C
- British Business Bank (https://capitalatlas.ai/funds/british-business-bank) — Series D
- BAE Systems — Series D
- Chione — Series D
- Space Capital (https://capitalatlas.ai/funds/space-capital) — Series D
- KAJIMA CORPORATION — Series D
- Services Group of America — Series D
- C16 Ventures (https://capitalatlas.ai/funds/c16-ventures) — Series D
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series E
- Keva — Series E
- Bpifrance Investissement Régions (https://capitalatlas.ai/funds/bpifrance-investissement-regions) — Series E
- Ilmarinen Mutual Pension — Series E
- Varma Mutual Pension Insurance Company — Series E, Series F
- A.P. Moller Holding — Series E
- Solidium — Series E, Series F
- Vinci (https://capitalatlas.ai/funds/vinci) — Series E
- EQT (https://capitalatlas.ai/funds/eqt) — Series F
- TCV (https://capitalatlas.ai/funds/tcv) — Series F
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series F
- Ilmarinen Mutual Pension Insurance Company — Series F
- Nokia — Series F
- Qatar Investment Authority (https://capitalatlas.ai/funds/qatar-investment-authority) — Series F