ICEYE closes >€1B Series F at >€10B valuation
90 FOMOOn 9 June 2026 ICEYE announced a €450 million primary Series F led by General Atlantic at a valuation of over €10 billion. Additional investors included Solidium, Tesi, Varma, Ilmarinen, Lifeline Ventures, Nokia, Qatar Investment Authority and TCV. Combined with a secondary placement the total exceeded €1 billion. The company reported 2025 revenue over €250 million, EBITDA over €100 million and a backlog above €1.5 billion. Proceeds support production scaling to 100 satellites per year and global expansion.
Why it matters
The decacorn valuation and blue-chip investor list confirm ICEYE’s transition from growth-stage SAR operator to core European defence-tech infrastructure provider.
The numbers
Details
Funding
- Round
- series f
- Lead investor
- General Atlantic
- Investors
- SolidiumTesiVarmaIlmarinenLifeline VenturesNokiaQatar Investment AuthorityTCV
Coverage
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ICEYE ·
ICEYE leads a new era of sovereign intelligence from space with €1B funding roundICEYE raised €450 million in a primary Series F led by General Atlantic at a valuation exceeding €10 billion; together with a secondary placement the total round exceeds €1 billion. 2025 revenue exceeded €250 million with >€1.5 billion backlog.
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On 9 June 2026 ICEYE announced a €450 million primary Series F led by General Atlantic at a valuatio