ICEYE’s Financing

ICEYE’s overall mission is to enable better decision making for everyone by providing timely and reliable Earth Observation data. To achieve that goal, the company develops its own synthetic-aperture radar (SAR) sensor technologies suitable for small satellites.To reach this goal, ICEYE has secured a wide variety of financing from multiple sources. These include among others governmental financing from Business Finland (Tekes) and the European Union’s Horizon 2020 program / SME Instrument. ICEYE has also secured financing via private venture capital, both from Silicon Valley and Europe.


About True Ventures

Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With capital under management in excess of $1.4 billion, True provides seed and Series A funding to the most talented entrepreneurs in today’s fastest growing markets. The firm maintains a strong founder community and offers innovative educational opportunities to its portfolio, helping entrepreneurs achieve higher levels of success and impact. With more than 200 companies funded and multiple companies acquired, the current True portfolio has helped create over 8,500 jobs. For more information please visit: 


About Lifeline Ventures

Lifeline Ventures is a Finland-based early-stage venture capital firm founded by serial entrepreneurs. We invest in strong founders in sectors we know by heart from our experience as entrepreneurs. Due to our background, we often start working with founders before they have launched their first product. Our goal is to be the first person the entrepreneur reaches out to in times of trouble and joy. So far, we have invested 70 companies including category-leaders such as Applifier, Enevo, Moves app, Supercell, uBiome, Valkee and ZenRobotics. More information:  


About invests in young innovators solving important problems and helps them build world changing companies. is a new model for building and funding important companies. Every year, they award 50 of the most innovative startups from universities around the world each up to $100K. Over the next 12 months, these teams take part in a series of intense challenges to help them build a scalable company. The challenges are based on 8D,’s company building science. leads Seed and Series A investments in the most promising companies. was started by a team of serial Silicon Valley entrepreneurs who have built billion dollar companies and are now working with the next generation of innovators to help them alter the future and transform our world in profoundly positive ways. Learn more at  


About DNX Ventures

DNX Ventures (previously Draper Nexus) is an early stage venture capital fund focusing on Enterprise Tech and Hardware/Industrials. We bring a collaborative approach to work with entrepreneurs who are harnessing technology and data to transform and unlock value in established industries. We leverage our Corporate LP/industry relationships in Japan and the global reach of the Draper Venture Network to create a customer development advantage for our portfolio companies. For more information, please visit: 


About Draper Associates

Draper Associates is an early stage venture capital firm that encourages entrepreneurs to drive their businesses to greatness, to transform industries with new technologies, and to build platforms for extraordinary growth, jobs, and wealth creation. For more information visit:  


About Draper Esprit

Draper Esprit is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe the best entrepreneurs in Europe are capable of building the global businesses of the future. We fuel their growth with long- term capital, access to international networks and decades of experience building businesses. We back ambitious teams including Revolut, Trustpilot, Graze, Ledger, Transferwise and Graphcore. In order to provide entrepreneurs with a more flexible approach to funding and to back them for longer, we re-invented the traditional venture capital by ourselves going public in 2016. 


About Seraphim Capital

Seraphim is a London-based venture capital fund manager. Seraphim typically invests at Series A stage into IP-led businesses that have the potential to redefine large existing markets or create entirely new ones. Over the last decade this has included artificial intelligence (computer vision, neural networks, machine learning), the Internet of Things (software, sensors) and advanced materials (polymers, semiconductors). Collectively, the Seraphim team has more than 100 years’ experience, having invested in over 180 early and growth stage businesses. For more information, please visit:  


About Space Angels

Space Angels is the leading source of capital for early-stage space ventures. Founded in 2007, our portfolio includes many of the most prominent entrepreneurial space companies in the sector. Through a robust and streamlined web platform, Space Angels provides unparalleled deal access and comprehensible intelligence to its accredited investor members, making it easy to discover, select, and invest in the best space startups. For more information, please visit:


About SME Instrument

SME Instrument is a part of the prestigious funding program from the European Commission, Horizon 2020. It funds the most innovative projects held by small and medium-sized enterprises. The program aims to strengthen the innovation of European companies and help in faster introduction to the market. In September 2015, ICEYE received € 2.5 million in R&D funding from SME Instrument within EU Horizon 2020. 


About Business Finland

Business Finland offers funding when a Finnish company is aiming for growth on international markets and wants to develop its business through innovations. In this way, Business Finland splits the risk involved in creating new business and growth. Business Finland’s funding services are targeted at companies that have their sights on international growth. They are companies with great teams, know-how, and a passion for growth. Funded companies should also have the capacity to take risks, topped with ample self-financing and resources. 


About OTB

OTB Ventures with over 20 years of partners’ international VC and entrepreneurial track record, is a leading venture capital firm in Central & Eastern Europe investing in early growth, post product, high-tech start-ups with unique technologies. OTB Ventures typically provides series A funding to empower and support talented entrepreneurs to scale their businesses globally, while keeping strong focus on technology advancement.  


About Tesi

Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company that accelerates companies’ success stories by investing in them directly and via funds. Tesi always invests together with other investors, providing them with access to high quality deal-flow in Finland. Our investments under management total €1.2 billion and we have altogether 700 companies in portfolio.  @TesiFII


About Promus Ventures

Promus Ventures is a venture capital firm based in Chicago and San Francisco investing in deep-technology software and hardware companies. The firm has invested in more than 65 private technology companies, including areas such as artificial intelligence, machine learning, space systems, robotics, computational biology, blockchain, autonomous vehicles, computer vision, security/defense, healthtech, fintech, virtual reality/alternative reality and others. For more information, find Promus Ventures at and @promusventures.

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