Iceye tops €10bn valuation after major funding round

Finnish satellite company Iceye has secured more than €1 billion in new investment and share transactions, pushing its valuation to €10.5 billion and placing it among Europe’s most valuable space and defence technology companies. The funding package combines €450 million in new growth capital with secondary share sales worth more than €550 million. The round was led by General Atlantic and attracted a mix of international and Finnish investors, including Qatar Investment Authority, TCV, Nokia, Solidium, Tesi, Ilmarinen, Varma and Lifeline Ventures.