Solidium backs ICEYE’s continued growth and value creation agenda by participating in the company’s Series F funding round led by General Atlantic. A strong consortium of Finnish investors, formed by Solidium, will participate in the funding round, including Tesi (Finnish Industry Investment), Lifeline Ventures, Ilmarinen, Nokia, and Varma: ICEYE leads a new era of sovereign intelligence from space with €1B funding round.
Solidium’s expected commitment to the primary issuance and secondary placement amounts to EUR 77 million. Based on current assumptions subject to final structure, Solidium expects to hold approximately 6% of the shares in ICEYE, whereas the Finnish State, through Solidium and Tesi, would hold approximately 12% of the company’s shares after the funding round.
“ICEYE has successfully established itself as the leading provider of space-based intelligence, essential to national security and resilience on a global scale. The company fits perfectly into Solidium’s and the Finnish State’s growth capital investment mandate, and we are thrilled to continue supporting ICEYE’s growth and value creation agenda by participating in the funding round,“ says Matts Rosenberg, CEO of Solidium.
For further information:
Matts Rosenberg, CEO, Solidium
Media requests: Natalie Nevaste, tel. +358 44 362 9198
Solidium is a Finnish state-owned investment company that creates long-term shareholder value through active and responsible ownership. Our investment strategy focuses on minority investments in Finnish listed companies of national importance and investments in Finnish private growth companies. We strive for excellence in everything we do. The total market value of Solidium’s equity holdings is approximately EUR 11.3 billion. www.solidium.fi/en