{"id":51453,"date":"2024-04-17T19:45:42","date_gmt":"2024-04-17T11:45:42","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/iceye-raises-93m-led-by-finnish-sovereign-wealth-fund-solidium\/"},"modified":"2024-04-17T19:45:42","modified_gmt":"2024-04-17T11:45:42","slug":"iceye-raises-93m-led-by-finnish-sovereign-wealth-fund-solidium","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/iceye-raises-93m-led-by-finnish-sovereign-wealth-fund-solidium\/","title":{"rendered":"Iceye Raises $93M, Led by Finnish Sovereign Wealth Fund Solidium"},"content":{"rendered":"<\/p>\n<p>Finnish satellite company <b>Iceye <\/b>raised $93 million in growth funding, led by Finland\u2019s sovereign wealth fund <b>Solidium<\/b>. Other investors include <strong>Move Capital Fund I<\/strong>, <strong>Blackwells Capital<\/strong>, <strong>Christo Georgiev<\/strong>, and existing investors. Iceye announced the round on Wednesday.&nbsp;<\/p>\n<p>Iceye operates a constellation of satellites that collect synthetic aperture radar (SAR) data, which can monitor Earth at night and through clouds.&nbsp;<\/p>\n<p>The company said this financing will help build out its constellation of SAR satellites and expand the company\u2019s portfolio of data and subscription products, including its Flood Insights and Wildfire Insights products. With this funding, Iceye has now raised $438 million, following a $136 million Series D round in early 2022.&nbsp;<\/p>\n<p>\u201cThis backing from the domestic and international investment community shows trust in Iceye\u2019s vision to improve life on Earth by becoming the global source of truth in Earth Observation,\u201d said Iceye CEO Rafal Modrzewski.&nbsp;<\/p>\n<p>Solidium, which is owned by the Finnish state, gains a board seat on the company\u2019s board.&nbsp;<\/p>\n<p>\u201cIceye fits perfectly with our updated strategy,\u201d commented Solidium CEO Reima Ryts\u00f6l\u00e4. \u201cIceye is a globally recognized leader in a rapidly growing, high-tech industry with a clear potential to grow into a nationally significant listed company. Iceye is building unparalleled expertise in the space technology sector and beyond.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finnish satellite company Iceye raised $93 million in growth funding, led by Finland\u2019s sovereign wealth fund Solidium. Other investors include Move Capital Fund I, Blackwells Capital, Christo Georgiev, and existing investors. Iceye announced the round on Wednesday.&nbsp; Iceye operates a constellation of satellites that collect synthetic aperture radar (SAR) data, which can monitor Earth at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47843,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-51453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/51453"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=51453"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/51453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/47843"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=51453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=51453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=51453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}