Funding round
ICEYE Series D
ICEYE, which works in satellite constellation manufacturing and operation in Espoo, raised $136M in a Series D round announced on 3 Feb 2022, led by Seraphim Space. 13 firms took part, 10 of them already investors. It is ICEYE's fourth venture round on record; the one before was a Series C in Sep 2020.
$136M
Amount raised
Not disclosed
Post-money valuation
13
Investors
1 lead
Valuation
What this round says about the price
ICEYE did not disclose a valuation in this round. It came 17 months after ICEYE's Series C. It is 13% of the $1.02B ICEYE has raised in the venture rounds on record. ICEYE raised again 34 months later: a Bridge round of $65M in Dec 2024. 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 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 this round 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
Seraphim Space led the round with 12 other firms. Seraphim Space, Molten Ventures, OTB Ventures and True Ventures and 6 more had backed ICEYE before.
Lead investor
- backs 37 venture-backed companies existing investor
Also in the round
- BAE Systems new investor
- Kajima Ventures new investor
- backs 66 venture-backed companies existing investor
- OTB Ventures backs 27 venture-backed companies existing investor
- backs 158 venture-backed companies existing investor
- C16 Ventures existing investor
- Chione Ltd existing investor
- Services Group of America existing investor
- National Security Strategic Investment Fund existing investor
- backs 34 venture-backed companies existing investor
- backs 31 venture-backed companies existing investor
- backs 27 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Aerospace and Defence:
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did ICEYE raise in its Series D round?
ICEYE raised $136M in its Series D round, announced in Feb 2022.
Who led ICEYE's Series D round?
Seraphim Space led it, with BAE Systems, Kajima Ventures, Molten Ventures, OTB Ventures and True Ventures and 7 more.
What was ICEYE's valuation at the Series D round?
It was not disclosed.
Did ICEYE raise again after this round?
Yes: a Bridge round in Dec 2024 of $65M.