ICEYE, the global leader in synthetic aperture radar (SAR) satellite operations for high-fidelity Earth Observation, persistent monitoring, and natural catastrophe solutions, announced that it had closed a $65 million extension of the company's earlier growth funding round of $93 million (announced in April 2024).
The funding round extension also included participation from funds managed by Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev. The funding consists of a mix of debt and equity instruments and will increase investment in further developing ICEYE's leading SAR satellite constellation, its intelligence, surveillance, and reconnaissance (ISR) platform, and related systems. This extension brings the total amount raised this year to $158 million. In total, ICEYE has raised over $500 million to date.
ICEYE achieved considerable growth during the past years and the investment announced today enables ICEYE to continue expanding its ISR capabilities to serve a global customer base while further cementing its market-leading position in the new space ecosystem.
Citigroup acted as the exclusive private placement agent to ICEYE.
KEY QUOTES:
"ICEYE has experienced unwavering momentum over the past few years. This extension of our growth funding round further bolsters ICEYE's investment in its capabilities and enables us to respond even better to the growing demand for space-based technology in the global defense and ISR markets."
- Susan Repo, CFO at ICEYE