Avance acts as the lead legal advisor of ICEYE in its EUR 150 million Series E financing round at a EUR 2.4 billion valuation.
The financing round is led by General Catalyst, with strong pan-European participation, including A.P. Moller Holding from Denmark, Bpifrance from France, Vinci (BGK Group) and RiO Family Office from Poland, as well as Finnish investors Solidium, Ilmarinen, European Tech Collective, Keva, Lifeline Ventures, Finnish Industry Investment (Tesi), Varma Mutual Pension Insurance Company and Peter Sarlin.
ICEYE is the world leader in synthetic aperture radar (SAR) satellite systems and funding will be used to accelerate ICEYE’s delivery of sovereign satellite systems and data intelligence services.