Congrats to
@iceye_global on their new €1B Series F round at €10B valuation.
Since our first check in 2018, the team has continued to build a tremendous company with exceptionally strong demand from sovereign governments and customers around the world. It has been a privilege for Promus Ventures to be on this journey with them from their early days.
Some recent highlights from Helsinki-based ICEYE:
- Revenue of €250M and €100M EBITDA in 2025
- Contracted backlog of €1.5B
- 72 satellites in operation
- On track to build 100 satellites annually by 2028
- Customers include the defense ministries of Finland, Netherlands, Spain, Portugal and others
- Signed €200M contract from Poland last month for an autonomous space-based intelligence system
Read more here from our thoughts on the new raise:
lnkd.in/eA7ZgGih
ICEYE round announcement:
lnkd.in/ea3SaJbw
Much more to come from ICEYE in the years ahead!