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.

• Newly launched space investment program supports $87m series C funding round for ICEYE
• Builds on OTB Ventures alliance with Draper Venture Network

AMSTERDAM, 22 September 2020 – OTB Ventures, a leading venture capital firm specialized in investments in technology companies originating in Central and Eastern Europe (CEE), today announces the launch of a dedicated investment vehicle to support Europe’s leading space technologies – OTB Space Program I – backed by the European Investment Fund and the European Commission through the InnovFin for Equity programme.