Funding round
ICEYE Series E
ICEYE, which works in satellite constellation manufacturing and operation in Espoo, raised $175M in a Series E round announced on 5 Dec 2025, led by General Catalyst, at a $2.80B post-money valuation. 12 firms took part. It is ICEYE's sixth venture round on record; the one before was a Bridge in Dec 2024.
$175M
Amount raised
150,000,000 EUR converted
$2.80B
Post-money valuation
12
Investors
1 lead
6.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ICEYE at $2.80B after the new money. The $175M bought investors about 6.3% of the company. It came 12 months after ICEYE's Bridge. It is 17% of the $1.02B ICEYE has raised in the venture rounds on record. ICEYE raised again 6 months later: a Series F round of $520M in Jun 2026, at $11.55B post-money.
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 3 Feb 2022, led by Seraphim Space $136M
- Bridge 18 Dec 2024 $65M
- Series E this round 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
General Catalyst led the round with 11 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- backs 12 venture-backed companies new investor
- Bpifrance new investor
- Vinci (BGK Group) new investor
- RiO Family Office new investor
- new investor
- Ilmarinen new investor
- European Tech Collective new investor
- Keva new investor
- backs 47 venture-backed companies new investor
- backs 54 venture-backed companies new investor
- Varma Mutual Pension Insurance Company 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
5 Series E rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $300M, and this round was 58% of the median. The closest in time, other companies' Series E rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 20 Jan 2026 | $145M | $1.00B | National Reconstruction Fund Corporation and Hostplus |
| Aerospace and Defence | 18 Nov 2025 | $100M | not disclosed | Eclipse |
| Astranis Aerospace and Defence | 6 May 2026 | $300M | $2.80B | Snowpoint Ventures and Franklin Templeton |
| Helsing Aerospace and Defence | 13 Jul 2026 | $1.80B | $18.00B | Thrive Capital |
| Stoke Space Aerospace and Defence | 8 Sep 2026 | $1.00B | $10.00B | Point72 Ventures and Spark Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did ICEYE raise in its Series E round?
ICEYE raised $175M in its Series E round, announced in Dec 2025.
Who led ICEYE's Series E round?
General Catalyst led it, with A.P. Moller Holding, Bpifrance, Vinci (BGK Group), RiO Family Office and Solidium and 6 more.
What was ICEYE's valuation at the Series E round?
$2.80B post-money.
How does it compare with other Series E rounds in Aerospace and Defence?
5 Series E rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $300M, and this round was 58% of the median.
Did ICEYE raise again after this round?
Yes: a Series F round in Jun 2026 of $520M at $11.55B post-money.