We are just getting started...🚀
ICEYE has announced a $65M extension of our earlier growth funding round of $93M, announced in April 2024. The funding round extension included participation from funds managed by Solidium Oy, BlackRock, Seraphim Space, Plio Limited, and Christo Georgiev. The extension brings the total amount raised in 2024 to $158M. In total, ICEYE has raised over $500M to date. The financing will increase investment in further developing ICEYE’s leading SAR satellite constellation, its intelligence, surveillance, and reconnaissance (ISR) platform, and related systems. ICEYE continues to expand its ISR capabilities to serve a global customer base while further cementing its market-leading position in the new space ecosystem. Susan Repo, CFO at ICEYE, says: “This extension of our growth funding round further bolsters ICEYE’s investment in its capabilities and enables us to respond even better to the growing demand for space-based technology in the global defense and ISR markets.” Reima Rytsölä, CEO at Solidium, says: “Extending the growth funding to support ICEYE growth is well in line with our investment strategy. Our view is that ICEYE continues to have strong potential to grow to a nationally significant company and foster a completely new technology cluster in Finland.” Read more: https://hubs.li/Q03011Bj0
