Solidium made a €15 million additional investment in satellite imaging company ICEYE
Solidium made a €15 million investment in ICEYE, a Finnish SAR satellite imaging company. The investment was a follow-on for the convertible debt announced in April 2024 and included other existing ICEYE investors in addition to Solidium.
ICEYE is a high-growth technology company designing, manufacturing, and selling SAR-satellites and providing imaging data, analytics and solutions based on their own satellite constellation. In addition, the company is developing novel technologies and solutions revolving around providing their customers with a wide capability for near real-time imaging and analysis.
“The follow-on investment to ICEYE is very much aligned with our initial investment in ICEYE made earlier this year. We continue to see that ICEYE has strong potential to grow to be a nationally significant company. Supporting the growth of ICEYE also supports fostering the creation of a new high-tech cluster in Finland, and hence support Finnish growth” says Reima Rytsölä, the CEO of Solidium.
Further information: CEO Reima Rytsölä, call-back requests, Jaana Lahti, tel. +358 50 339 8801
Solidium is a limited liability company wholly owned by the State of Finland. Its mission is to strengthen and stabilise Finnish ownership in nationally important companies and increase the value of its holdings in the long term. The market value of Solidium’s total investments is approximately 7.3 billion euros. Further information: www.solidium.fi/en.
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