Solidium supports ICEYE’s growth by participating in financing round

Solidium supports ICEYE’s growth by participating in the Series E financing round announced today by the Finnish SAR satellite imaging company: ICEYE and General Catalyst partner to redefine space-based intelligence in Europe.

Solidium’s total investment amounts to EUR 19 million. In addition, Solidium also converts its EUR 55 million convertible bond into equity. Following the additional investment and conversion of the convertible bond, Solidium holds 5% of the company's shares.

“ICEYE operates in a highly attractive and critical market with significant scale-up potential. The company fits perfectly into Solidium’s growth capital investment mandate, and we are excited to continue supporting ICEYE’s growth and value creation agenda by participating in the financing round,“ says Matts Rosenberg, CEO of Solidium.

For further information:

Matts Rosenberg, CEO, Solidium
+358 50 339 8801

 

Solidium is a Finnish state-owned investment company that creates long-term value through active and responsible ownership. Our investment strategy focuses on minority investments in Finnish listed companies of national importance and investments in Finnish unlisted growth companies. We strive for excellence in everything we do. The total market value of Solidium’s holdings is approximately EUR 9.1 billion. www.solidium.fi/en