Finland · Series F startup

Who invested in ICEYE

8 rounds we have observed, with the 27 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Aerospace & SpaceDefence TechIndustry 4.0

Raised 3 months agoValuation: $2.8B, Mar 2026

Funding summaryUpdated 5 Nov 2026

$3.0Braised across 8 rounds since 2015, from 12 sources

$635MDebt$1.2BSeries F
Latest round
Series F, $1.2BAug 2026
Led by
Scaleup Europe Fund and EQT's Scaleup Europe Fund
Step-upi
2.2×
Investors
27 (3 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20172019202120232025
$2.8MSeries A$13MRound$34MSeries B$510MSeries F$175MSeries E$521MSeries F$1.2BSeries F
First round
Series A, $2.8M
Nov 2015
Biggest round
$1.2B
Series F · Aug 2026
Usual gap between rounds
9 months
the median of 6

The rounds

  1. Aug 2026
    Series F$1.2B1 new1 returning

    Reported by Generation Space and 1 other

  2. Jun 2026
    Series F$521M8 new2 returning

    Reported by Promus Ventures and 3 others

  3. May 2026
    Debt$635M5 returning

    Reported by Silicon Canals

  4. Dec 2025
    Series E$175M4 new1 returning

    Source recorded

  5. Jun 2025
    Series F$510M1 new

    Reported by Firms' own news pages

  6. May 2018
    Series B$34M7 new2 returning

    Reported by FinSMEs

  7. Aug 2017
    Round$13M3 new1 returning

    Reported by FinSMEs

  8. Nov 2015
    Series A$2.8M3 new

    From a historical funding record

Founders and team

From ICEYE's own website: 2 founders, 12 on the team.

Rafal ModrzewskiChief Executive Officer, Co-founder
Pekka LaurilaChief Strategy Officer, Co-founder
  • Ann StevensCEO, Iceye Us
  • Christos KolimenakisCEO, Iceye Uae
  • Gonzalo Garcia-MuñozCEO, ICEYE Spain
  • Philipp HerkelmannCEO, ICEYE Germany
  • Rui CostaCEO, ICEYE Portugal
  • Vasilis ChaloulakosCEO, ICEYE Greece
  • Witold WitkowiczCEO, ICEYE Poland
  • Yasuhiro TsukaharaCEO, ICEYE Japan
  • Eric JensenChief Operating Officer
  • Magdalena BartośChief Financial Officer
  • Marko AhtisaariChief Marketing Officer
  • Zach MillerGeneral Counsel & Corporate Secretary

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Series A2015Round2017Series B2018Series F2025Series E2025Debt2026Series F2026Series F2026Draper AssociatesLifeline VenturesScaleup Europe FundLLGeneral CatalystBpifranceBlackRockTesiSpace AngelsGeneral AtlanticLEQT's Scaleup Europe FundL

Everyone who backed them

Draper AssociatesVC firm4rounds
Lifeline VenturesVC firm4rounds
Scaleup Europe FundGrowth equity2rounds, led 2
General CatalystVC firm2rounds
BpifranceGovernment2rounds
BlackRockAsset manager2rounds
TesiGovernment2rounds
Space AngelsAngel network2rounds
General AtlanticPrivate equity1round, led 1
EQT's Scaleup Europe FundGrowth equity1round, led 1
True VenturesVC firm1round
TCVPrivate equity1round
Business FinlandAccelerator1round
Seraphim SpaceVC firm1round
Promus VenturesVC firm1round
Draper EspritVC firm1round
Qatar BanGrowth equity1round
True.VC firm1round
founder.orgVC firm1round
NokiaCorporate VC1round
Draper NexusVC firm1round
Varma Mutual Pension Insurance CompanyInstitutional LP1round
SeraphimGrowth equity1round
IlmarinenInstitutional LP1round
SolidiumGrowth equity1round
Draper Nexus/ Trueno record of our own yet1round
True Ventures/ OTBno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 7 firms list ICEYE as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

True VenturesVC firmPer its own site
OTB VenturesVC firmPer its own site
National Security Strategic Investment Fund (NSSIF)Corporate VCPer its own site
NewSpace CapitalPrivate equityPer its own site
C16 VenturesCorporate VCPer its own site
Morgan Brook CapitalPrivate equityPer its own site
Server PartnersFamily officePer its own site

Quick answers about ICEYE

Who invested in ICEYE?

ICEYE's investors include Draper Associates, Lifeline Ventures, Scaleup Europe Fund, General Catalyst and Bpifrance, and 22 more on record. Scaleup Europe Fund led its latest round.

How much has ICEYE raised?

ICEYE has raised $3.0B across 8 rounds since 2015.

When did ICEYE last raise?

ICEYE's most recent round was a Series F of $1.2B in Aug 2026, led by Scaleup Europe Fund.

What was ICEYE's biggest round?

Its most recent round, $1.2B in Aug 2026, is also its largest on record.

Who backed ICEYE first?

ICEYE's first round on record, in Nov 2015, was backed by True Ventures, Lifeline Ventures and founder.org.

What stage is ICEYE at?

ICEYE's latest named round is a Series F, in Aug 2026.

Where is ICEYE based?

ICEYE is based in Finland.

Who led ICEYE's rounds?

Scaleup Europe Fund led the Series F in 2025; General Atlantic led the Series F in 2026.

Companies like ICEYE

In the same sector, and raised in the last eighteen months.

Kelluu$18M · Apr 2026NestAI$115M · Nov 2025Agate Sensors$4.7M · Sept 2025Tumbleweed$7.7M · Nov 2026WORMSENSING$14M · Nov 2026Northwood Space$505M · Nov 2026

Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app