Funding round
ICEYE Series F
ICEYE, which works in satellite constellation manufacturing and operation in Espoo, raised $520M in a Series F round announced on 9 Jun 2026, led by General Atlantic, at a $11.55B post-money valuation. 10 firms took part. It is ICEYE's seventh venture round on record; the one before was a Series E in Dec 2025.
$520M
Amount raised
450,000,000 EUR converted
$11.55B
Post-money valuation
10
Investors
1 lead
4.1x
Step-up from the Series E
$2.80B in Dec 2025
4.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ICEYE at $11.55B after the new money, 4.1 times the $2.80B of its Series E (Dec 2025). The $520M bought investors about 4.5% of the company. It came 6 months after ICEYE's Series E. It is 51% of the $1.02B ICEYE has raised in the venture rounds on record. No later venture round is on record for ICEYE.
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 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 this round 9 Jun 2026, led by General Atlantic $520M$11.55B post-money
Investors
Who put money in
General Atlantic led the round with 9 other firms.
Lead investor
- General Atlantic backs 134 venture-backed companies new investor
Also in the round
- new investor
- backs 54 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- Ilmarinen new investor
- backs 47 venture-backed companies new investor
- Nokia new investor
- Qatar Investment Authority backs 71 venture-backed companies new investor
- Technology Crossover Ventures backs 86 venture-backed companies new investor
- EQT backs 99 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: 1 in Aerospace and Defence, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 15 Jan 2026 | $130M | not disclosed | Woven Capital |
| Baseten Software Development Services | 22 Jun 2026 | $1.50B | $13.00B | Altimeter and Conviction |
| Supabase Tech Companies | 4 Jun 2026 | $500M | $10.50B | GIC |
| Kalshi Financial Services | 7 May 2026 | $1.00B | $22.00B | Coatue |
| SambaNova Tech Companies | 8 Jul 2026 | $1.00B | $11.00B | General Atlantic |
| Stord Warehousing & Storage | 26 May 2026 | $250M | $3.00B | Kleiner Perkins |
| ThreatLocker Tech Companies | 29 Jul 2026 | $190M | $1.60B | Elephant |
| Tomorrow.io Tech Companies | 18 May 2026 | $35M | not disclosed | not named |
Sources
Where this comes from
Reported by 13 sources.
Questions
Frequently asked
How much did ICEYE raise in its Series F round?
ICEYE raised $520M in its Series F round, announced in Jun 2026.
Who led ICEYE's Series F round?
General Atlantic led it, with Solidium, Tesi, Varma Capital, Ilmarinen and Lifeline Ventures and 4 more.
What was ICEYE's valuation at the Series F round?
$11.55B post-money.