The commitment forms part of a broader €1bn financing round that values ICEYE at more than €10bn, and marks the opening deployment from what is now the largest European growth capital vehicle of its kind.
The Scaleup Europe Fund carries a €5bn target and was launched by the European Commission with EQT selected as manager. It is designed to back high-potential European technology companies across artificial intelligence, space, clean energy, biotech, and advanced industrial technologies.