EQT's Scaleup Europe Fund makes first investment in ICEYE

What's the deal? EQTDealroom has a profile for this one. Try Dealroom →'s Scaleup Europe Fund has made its first investment by co-leading ICEYE's recently announced €1 billion Series F funding round.

The round: The financing included €450 million of primary investment and valued ICEYE at more than €10 billion. The investment forms part of Europe's €5 billion Scaleup Europe Fund, which is managed by EQT.

Why it matters: The transaction marks the fund's first disclosed portfolio investment as it backs European technology companies in strategic sectors, including space technology. The transaction is expected to close subject to customary regulatory approvals and closing conditions.

Read more: Puls Biznesu · EQT · ICEYE