Scaleup Europe Fund’s debut: €450M into ICEYE, EU’s space‑tech champion
EQT’s public‑private Scaleup Europe Fund, targeting €5 billion, made its first deal by co‑leading ICEYE’s €1 billion Series F round. The fund contributed €450 million of primary capital, valuing the Finnish synthetic‑aperture radar satellite leader at over €10 billion. The investment underscores Europe’s push to fund strategic deep‑tech firms and gives ICEYE a runway to expand sovereign space intel.