Satellite Startup Iceye Raises at $2.8 Billion Valuation As Europe Boosts Defense Spending
An illustration of an Iceye satellite.
Source: Iceye
Iceye, a Finnish satellite developer with a number of defense contracts, has raised money at a €2.4 billion ($2.8 billion) valuation, capitalizing on the military spending boom across Europe.
Venture firm General Catalyst led the financing round, which included €150 million in new equity and €50 million in a secondary sale for early investors, Iceye announced on Friday.