Funding round
ICEYE Series A
ICEYE, which works in satellite constellation manufacturing and operation in Espoo, raised $2.8M in a Series A round announced on 12 Nov 2015, led by True Ventures. 3 firms took part. It is ICEYE's first venture round on record.
$2.8M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
ICEYE did not disclose a valuation in this round. It is ICEYE's first venture round on record, 1 year after it was founded in 2014. It is under 1% of the $1.02B ICEYE has raised in the venture rounds on record. ICEYE raised again 30 months later: a Series B round of $34M in May 2018. Its next priced round, a Series E in Dec 2025, valued it at $2.80B.
ICEYE's funding rounds
ICEYE has 7 venture rounds on record and 3 other deals. This one is highlighted.
- Series A this round 12 Nov 2015, led by True Ventures $2.8M
- Other not a venture round 23 Aug 2017, led by DNX Ventures $13M
- Series B 24 May 2018, led by True Ventures $34M
- Series C 22 Sep 2020, led by True Ventures $87M
- Series D 3 Feb 2022, led by Seraphim Space $136M
- Bridge 18 Dec 2024 $65M
- Series E 5 Dec 2025, led by General Catalyst $175M$2.80B post-money
- Grant not a venture round 1 Jun 2026 $33M
- Debt not a venture round 9 Jun 2026 $346M
- Series F 9 Jun 2026, led by General Atlantic $520M$11.55B post-money
Investors
Who put money in
True Ventures led the round with 2 other firms.
Lead investor
- backs 158 venture-backed companies new investor
Also in the round
- backs 47 venture-backed companies new investor
- Founder.org new investor
Comparable rounds
How it compares
5 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $14M, and this round was 20% of the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 16 Sep 2015 | $15M | not disclosed | Global Brain |
| Aerospace and Defence | 27 Apr 2016 | $5.0M | not disclosed | Playground |
| Aerospace and Defence | 5 Sep 2016 | $14M | not disclosed | Social Capital |
| Aerospace and Defence | 19 Dec 2014 | $15M | not disclosed | Madrona |
| Aerospace and Defence | 10 Nov 2014 | $7.2M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did ICEYE raise in its Series A round?
ICEYE raised $2.8M in its Series A round, announced in Nov 2015.
Who led ICEYE's Series A round?
True Ventures led it, with Lifeline Ventures and Founder.org.
What was ICEYE's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Aerospace and Defence?
5 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $14M, and this round was 20% of the median.
Did ICEYE raise again after this round?
Yes: a Series B round in May 2018 of $34M.