Tech Company Financing Transactions
Iceye Funding Round
Iceye closed a $87 million Series C venture capital round on 10/3/2020. Backers included True Ventures, DNX Ventures and Draper Associates.
Transaction Overview
Company Name
Announced On
10/3/2020
Transaction Type
Venture Equity
Amount
$87,000,000
Round
Series C
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the size of its SAR satellite constellation in the coming years, increasing data availability for all continents through 24/7 customer operations, continuing development of radar imaging capabilities and for establishing spacecraft manufacturing in the US.
Company Information
Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
Undisclosed
Otaniemi Espoo, 02150
Finland
Otaniemi Espoo, 02150
Finland
Phone
Undisclosed
Website
Email Address
Overview
The ICEYE system is unique because we do not rely on traditional optical imaging technology. Unlike camera technology, our radar is not limited by the same requirements -- it's capable of viewing through cloud cover, bad weather, and darkness, providing unlimited access wherever it's needed.
Management Team
Title
Name
Email & Social
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We document every notable VC transaction. VC investment data records on this site are sourced from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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