# ICEYE funding: rounds and investors > ICEYE has raised $3.0B across 8 rounds since 2015. Investors include Draper Associates, Lifeline Ventures and Scaleup Europe Fund. Every round with its source. Source: https://millionrounds.com/company/iceye (Millionrounds; every figure on the page links to its filing or article) Finland · [Series F startup](https://millionrounds.com/companies) # 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 & Space Defence Tech Industry 4.0 Raised 3 months ago Valuation: $2.8B, Mar 2026 Follow ICEYE and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Ficeye) Funding summary Updated 5 Nov 2026 **$3.0B** raised across 8 rounds since 2015, from 12 sources **$635M** Debt **$1.2B** Series F - **Latest round:** Series F, $1.2B Aug 2026 - **Led by:** Scaleup Europe Fund and EQT's Scaleup Europe Fund - **Step-up i:** 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. 2017 2019 2021 2023 2025 **$2.8M** Series A **$13M** Round **$34M** Series B **$510M** Series F **$175M** Series E **$521M** Series F **$1.2B** Series F - **First round:** Series A, $2.8M - **Biggest round:** $1.2B - **Usual gap between rounds:** 9 months ## The rounds - **Aug 2026** Series F **$1.2B** *1 new* *1 returning* [Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) Lead [EQT's Scaleup Europe Fund](https://millionrounds.com/fund/eqt-s-scaleup-europe-fund) Lead Reported by Generation Space and 1 other - **Jun 2026** Series F **$521M** *8 new* *2 returning* [General Atlantic](https://millionrounds.com/fund/general-atlantic) Lead [TCV](https://millionrounds.com/fund/tcv) [Business Finland](https://millionrounds.com/fund/business-finland) [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) [Qatar Ban](https://millionrounds.com/fund/qatar-ban) [Tesi](https://millionrounds.com/fund/tesi) [Nokia](https://millionrounds.com/fund/nokia) [Varma Mutual Pension Insurance Company](https://millionrounds.com/fund/varma) [Ilmarinen](https://millionrounds.com/fund/ilmarinen) [Solidium](https://millionrounds.com/fund/solidium) Reported by Promus Ventures and 3 others - **May 2026** Debt **$635M** *5 returning* [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Bpifrance](https://millionrounds.com/fund/bpifrance) [Draper Associates](https://millionrounds.com/fund/draper-associates) [BlackRock](https://millionrounds.com/fund/blackrock) [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) Reported by Silicon Canals - **Dec 2025** Series E **$175M** *4 new* *1 returning* [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Bpifrance](https://millionrounds.com/fund/bpifrance) [Draper Associates](https://millionrounds.com/fund/draper-associates) [BlackRock](https://millionrounds.com/fund/blackrock) [Seraphim Space](https://millionrounds.com/fund/seraphim-space) Source recorded - **Jun 2025** Series F **$510M** *1 new* [Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) Lead Reported by Firms' own news pages - **May 2018** Series B **$34M** *7 new* *2 returning* [Draper Associates](https://millionrounds.com/fund/draper-associates) [Promus Ventures](https://millionrounds.com/fund/promus-ventures) [Draper Esprit](https://millionrounds.com/fund/draper-esprit-plc) [True.](https://millionrounds.com/fund/true) [Tesi](https://millionrounds.com/fund/tesi) [Draper Nexus](https://millionrounds.com/fund/draper-nexus) [Space Angels](https://millionrounds.com/fund/space-angels) [Seraphim](https://millionrounds.com/fund/seraphim) True Ventures/ OTB Reported by FinSMEs - **Aug 2017** Round **$13M** *3 new* *1 returning* [Draper Associates](https://millionrounds.com/fund/draper-associates) [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) [Space Angels](https://millionrounds.com/fund/space-angels) Draper Nexus/ True Reported by FinSMEs - **Nov 2015** Series A **$2.8M** *3 new* [True Ventures](https://millionrounds.com/fund/true-ventures-2) [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) [founder.org](https://millionrounds.com/fund/founder-org) From a historical funding record ## Founders and team From ICEYE's own website: 2 founders, 12 on the team. **Rafal Modrzewski** Chief Executive Officer, Co-founder **Pekka Laurila** Chief Strategy Officer, Co-founder - **Ann Stevens** CEO, Iceye Us - **Christos Kolimenakis** CEO, Iceye Uae - **Gonzalo Garcia-Muñoz** CEO, ICEYE Spain - **Philipp Herkelmann** CEO, ICEYE Germany - **Rui Costa** CEO, ICEYE Portugal - **Vasilis Chaloulakos** CEO, ICEYE Greece - **Witold Witkowicz** CEO, ICEYE Poland - **Yasuhiro Tsukahara** CEO, ICEYE Japan - **Eric Jensen** Chief Operating Officer - **Magdalena Bartoś** Chief Financial Officer - **Marko Ahtisaari** Chief Marketing Officer - **Zach Miller** General 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 A** 2015 **Round** 2017 **Series B** 2018 **Series F** 2025 **Series E** 2025 **Debt** 2026 **Series F** 2026 **Series F** 2026 [Draper Associates](https://millionrounds.com/fund/draper-associates) [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) [Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) L L [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Bpifrance](https://millionrounds.com/fund/bpifrance) [BlackRock](https://millionrounds.com/fund/blackrock) [Tesi](https://millionrounds.com/fund/tesi) [Space Angels](https://millionrounds.com/fund/space-angels) [General Atlantic](https://millionrounds.com/fund/general-atlantic) L [EQT's Scaleup Europe Fund](https://millionrounds.com/fund/eqt-s-scaleup-europe-fund) L ## Everyone who backed them [Draper Associates](https://millionrounds.com/fund/draper-associates) VC firm **4** rounds [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) VC firm **4** rounds [Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) Growth equity **2** rounds, led 2 [General Catalyst](https://millionrounds.com/fund/general-catalyst) VC firm **2** rounds [Bpifrance](https://millionrounds.com/fund/bpifrance) Government **2** rounds [BlackRock](https://millionrounds.com/fund/blackrock) Asset manager **2** rounds [Tesi](https://millionrounds.com/fund/tesi) Government **2** rounds [Space Angels](https://millionrounds.com/fund/space-angels) Angel network **2** rounds [General Atlantic](https://millionrounds.com/fund/general-atlantic) Private equity **1** round, led 1 [EQT's Scaleup Europe Fund](https://millionrounds.com/fund/eqt-s-scaleup-europe-fund) Growth equity **1** round, led 1 [True Ventures](https://millionrounds.com/fund/true-ventures-2) VC firm **1** round [TCV](https://millionrounds.com/fund/tcv) Private equity **1** round [Business Finland](https://millionrounds.com/fund/business-finland) Accelerator **1** round [Seraphim Space](https://millionrounds.com/fund/seraphim-space) VC firm **1** round [Promus Ventures](https://millionrounds.com/fund/promus-ventures) VC firm **1** round [Draper Esprit](https://millionrounds.com/fund/draper-esprit-plc) VC firm **1** round [Qatar Ban](https://millionrounds.com/fund/qatar-ban) Growth equity **1** round [True.](https://millionrounds.com/fund/true) VC firm **1** round [founder.org](https://millionrounds.com/fund/founder-org) VC firm **1** round [Nokia](https://millionrounds.com/fund/nokia) Corporate VC **1** round [Draper Nexus](https://millionrounds.com/fund/draper-nexus) VC firm **1** round [Varma Mutual Pension Insurance Company](https://millionrounds.com/fund/varma) Institutional LP **1** round [Seraphim](https://millionrounds.com/fund/seraphim) Growth equity **1** round [Ilmarinen](https://millionrounds.com/fund/ilmarinen) Institutional LP **1** round [Solidium](https://millionrounds.com/fund/solidium) Growth equity **1** round Draper Nexus/ True no record of our own yet **1** round True Ventures/ OTB no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=iceye). ## 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 Ventures](https://millionrounds.com/fund/true-ventures) VC firm Per its own site [OTB Ventures](https://millionrounds.com/fund/otb-ventures) VC firm Per its own site [National Security Strategic Investment Fund (NSSIF)](https://millionrounds.com/fund/national-security-strategic-investment-fund-nssif) Corporate VC Per its own site [NewSpace Capital](https://millionrounds.com/fund/newspace-capital) Private equity Per its own site [C16 Ventures](https://millionrounds.com/fund/c16-ventures) Corporate VC Per its own site [Morgan Brook Capital](https://millionrounds.com/fund/morgan-brook-capital) Private equity Per its own site [Server Partners](https://millionrounds.com/fund/server-partners) Family office Per 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 2026](https://millionrounds.com/company/kelluu)[**NestAI** $115M · Nov 2025](https://millionrounds.com/company/nestai)[**Agate Sensors** $4.7M · Sept 2025](https://millionrounds.com/company/agate-sensors)[**Tumbleweed** $7.7M · Nov 2026](https://millionrounds.com/company/tumbleweed)[**WORMSENSING** $14M · Nov 2026](https://millionrounds.com/company/wormsensing)[**Northwood Space** $505M · Nov 2026](https://millionrounds.com/company/northwood-space) ## 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