ICEYE Raises $87 Million Series C Round to Expand Radar Imaging Services

Helsinki, FINLAND – September 22, 2020 – ICEYE, a World-leading SAR data provider, today announced the closing of a larger than planned $87M Series C funding, led by return investor True Ventures, with a significant additional investment by OTB Ventures.

ICEYE has so far successfully launched 5 satellite missions, starting with the first ever small SAR satellite launched in January 2018. The company is launching 4 additional SAR satellites this year and is on course to launch at least an additional 8 in 2021. This will grow the existing operational constellation into a capability that is unique in the World. To date, ICEYE has raised a total of $152M in financing.

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Luxembourg Backs Space Technology Venture Capital Fund

LUXEMBOURG (Luxembourg Government PR)  – During a meeting of a parliamentary committee, Étienne Schneider, Deputy Prime Minister and Minister of the Economy confirmed that the Government of Luxembourg, together with public and private sector partners, have invested a stake in Orbital Ventures (‘the Fund’), an investment fund focused on early stage companies engaged in space activities. Luxembourg’s involvement builds on the country’s commitment to unlock the economic potential of the commercial space industry.  

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Rocket Lab Raises $140 Million in Funding

Electron It’s Business Time lift-off (Credits: Kieran Fanning & Sam Toms)

  • Rocket Lab reveals $140 million (USD) funding in Series E financing, closed in advance of the company’s second successful orbital mission, ‘It’s Business Time’ on 11 November.
  • Investors show continued ardent support in pre-‘It’s Business Time’ launch round led by existing backers Future Fund (Australia’s Sovereign Wealth Fund), with participation from current investors Greenspring Associates, Khosla Ventures, Bessemer Venture Partners, DCVC (Data Collective), Promus Ventures, and K1W1.
  • New investor, the Accident Compensation Corporation of New Zealand (ACC), also joins the round.
  • Funding will support continued Electron vehicle production expansion, new launch sites and three new major research and development programs.

HUNTINGTON BEACH, Calif., November 15, 2018 (Rocket Lab PR) – US orbital launch provider Rocket Lab has closed a Series E financing round of $140 million (USD). The funding round closed last month, prior to the launch of the successful mission ‘It’s Business Time,’ and was led by existing investor Future Fund, with strong participation from current investors including Greenspring Associates, Khosla Ventures, Bessemer Venture Partners, DCVC (Data Collective), Promus Ventures and K1W1. New investor ACC also contributed to the round. The Series E round close brings total Rocket Lab funding to date to more than $288 million (USD), with the company now soaring past its previous $1 billion-plus (USD) valuation.

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Start-up Space Blasts Off

Bryce Space and Technology has produced a new report, Start-up Space: Update on Investment in Commercial Space Ventures.

Below is the executive summary. You can also download the full report.

Executive Summary

The Start-Up Space series examines space investment in the 21st century and analyzes investment trends, focusing on investors in new companies that have acquired private financing. Space is continuing to attract increased attention in Silicon Valley and in investment communities world-wide. Space ventures now appeal to investors because new, lower-cost systems are envisioned to follow the path terrestrial tech has profitably traveled: dropping system costs and massively increasing user bases for new products, especially new data products. Large valuations and exits are demonstrating the potential for high returns.
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